SubscribeAll Posts Tagged With: "Citigroup"
U.S. Banks Looking to Score Profits Again
Although we’re still in the middle of the worst financial crisis in decades, a few select banks are positioned to make a boatload of profits.…
18Mar2009 | Money Morning | 0 comments | ContinuedEconomic Experts to Obama: Focus on the Fundamentals
In sports, championship-caliber teams all have at least one characteristic in common: They’re able to focus on the fundamentals. With the U.S. unemployment rate jumping to…
9Mar2009 | Money Morning | 0 comments | ContinuedGlobal Investing Roundups
South Africa Cuts Interest Rates; BlackRock Cans 500; Empire Co. Posts 13% Profit; KB Toys Files for Bankruptcy; Citi and UBS to Buy Back $30…
12Dec2008 | Money Morning | 0 comments | ContinuedGlobal Investing Roundups
Consumer Confidence Climbs; Home Prices Record Plunge; Troubled Banks on the Rise; Oil Falls 7%; Slim’s Bank Buys Citi Stock; D.R. Horton Shares Vault
26Nov2008 | Money Morning | 0 comments | ContinuedThen There was Citi
Nov. 24 (Bloomberg) — "Citigroup Inc. received a U.S. government rescue package that shields the bank from losses on toxic assets and injects $20 billion…
25Nov2008 | Oxbury Research | 0 comments | ContinuedCitigroup Whacks Another 50,000 Jobs; Cuts Expenses by 20%
Citigroup Inc. (C) today (Monday) unveiled plans to cut more than 50,000 jobs in the “near term” and slash expenses by 20% to preserve capital…
18Nov2008 | Money Morning | 0 comments | ContinuedCitigroup Concedes Wachovia to Wells Fargo
The much-ballyhooed battle between Citigroup Inc. (C) and Wells Fargo & Co. (WFC) ended with a whimper Friday, as Citi gave up its pursuit of…
13Oct2008 | Money Morning | Comments Off | ContinuedTemporary Litigation Halt as Citigroup and Wells Fargo Continue to Vie for Wachovia
After a day of dueling lawsuits yesterday (Monday), all parties agreed to halt litigation for two days as Citigroup Inc. (C) and Wells Fargo &…
7Oct2008 | Money Morning | Comments Off | ContinuedCitigroup Takes Issue with Wells Fargo Bid for Wachovia
Wells Fargo & Co. (WFC) Friday agreed to buy all of Wachovia Corp. (WB) for about $15 billion in stock, however, Citigroup Inc. (C), which…
6Oct2008 | Money Morning | Comments Off | ContinuedAfter Reloading With Wachovia’s Banking Business, Citigroup Takes a New Aim at the U.S. Banking Market
Citigroup Inc. (C) will acquire Wachovia Corp.’s (WB) banking operations for $2.l6 billion, a deal that will restore Citi’s title as the biggest U.S. bank…
30Sep2008 | Money Morning | Comments Off | ContinuedThe Three Signs That the Credit Crisis Has Yet to Hit Bottom
Have we seen the worst from the financial sector?”
The question – a very good one – came from an audience member following my global investing…
7Aug2008 | Money Morning | Comments Off | ContinuedUBS Embarks on Middle East Expansion
UBS AG (UBS) yesterday (Tuesday), announced it had obtained a license to operate in Saudi Arabia, joining a growing number of financial firms looking to…
9Jul2008 | Money Morning | Comments Off | ContinuedGlobal Investment Roundups
Source: Citigroup Cutting More Jobs Soon; Housing Outlook Remains Bleak; Consolidating Waste; Declining Euro; Huntsman Sues Apollo; GM Boost Prices, Cuts Costs; Safran Woos with…
24Jun2008 | Money Morning | Comments Off | ContinuedKuwait Sovereign Wealth Fund Considering Bigger Citigroup and Merrill Stakes
Struggling U.S. financials Citigroup Inc. (C) and Merrill Lynch & Co. Inc. (MER) may get another equity injection from state-owned Kuwait Investment Authority (KIA), the fund’s managing…
4Jun2008 | Money Morning | Comments Off | Continued
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