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Citi shores up some troubled investments Citigroup announced last night that it will provide an additional $3.5 billion in support for six troubled structured investment vehicles (SIVs) it brought on to its balance sheet last year. The move allows the six vehicles - Beta Finance, Centauri Corp, Dorada Corp, Five Finance, Sedna Finance and Home > Rss Directory > Business > CNN |
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Money Fund Thaws a Bit to Return Some Cash A troubled money market fund that has been frozen for more than two months began returning about 40 percent of investments made by shareholders. Home > Rss Directory > Business > NY Time |
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Burned by Investing in Troubled Times Scores of investors have sought to profit by buying into troubled financial firms at low prices: so far their investments have failed to make much of a profit. Home > Rss Directory > Business > NY Time |
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Citi Names New Chief of Investment Banking Shaking up its leadership for the third time in six months, Citigroup has named John Havens as the new head of its investment banking and alternative investments group. Home > Rss Directory > Business > NY Time |
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Pandit Should Cut Citi's Dividend Citigroup's new chief Vikram Pandit could save the troubled bank $5 billion and avoid a lot of pain. Here's why. Home > Rss Directory > Business > Forbes |
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DealBook: Citi Concedes Wachovia to Wells Fargo Citigroup said that it has ended discussions with Wells Fargo over a proposed carve-up of Wachovia, ending a detente in a heated battle to take over the troubled Charlotte bank. Home > Rss Directory > General > NY Time |
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DealBook: Citi Concedes Wachovia to Wells Fargo Citigroup said that it has ended discussions with Wells Fargo over a proposed carve-up of Wachovia, ending a detente in a heated battle to take over the troubled Charlotte bank. Home > Rss Directory > Business > NY Time |
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Hundreds of Baby Penguins Found Dead on Brazilian Shores Hundreds of baby penguins from the icy shores of Antarctica and Patagonia are washing up dead on Rio de Janeiro's tropical beaches. Home > Rss Directory > General > Wired News |
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Hundreds of Baby Penguins Found Dead on Brazilian Shores Hundreds of baby penguins from the icy shores of Antarctica and Patagonia are washing up dead on Rio de Janeiro's tropical beaches. Home > Rss Directory > Technology > Wired News |
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Alwaleed, China to Invest in Citi - Wall Street Journal EarthtimesAlwaleed, China to Invest in CitiWall Street Journal - 4 hours agoBy DAVID ENRICH and ROBIN SIDEL Prince Alwaleed bin Talal is poised to once again come to the rescue of Citigroup Inc. This time, the Saudi billionaire is expected to be joined by other invest Home > Rss Directory > General > Google News |
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Citi to Announce Big Cuts and New Investors - New York Times CNNMoney.comCiti to Announce Big Cuts and New InvestorsNew York Times - 1 hour agoBy ERIC DASH Citigroup is expected to announce a series of drastic steps on Tuesday, including the elimination at least 4000 additional jobs, a steep cut in its stock dividend and another Home > Rss Directory > General > Google News |
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Citi Reported Near Sale of $12.5 Billion in Loans - New York Times EarthtimesCiti Reported Near Sale of $12.5 Billion in LoansNew York Times - 1 hour agoBy MICHAEL J. de la MERCED and ERIC DASH Betting that the long-frozen credit markets are starting to thaw, three of the largest private equity firms - Apollo Management, TPG Capital Home > Rss Directory > General > Google News |
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Citi promises to rein in risk A high-up Citigroup executive, chief administrative officer Don Callahan, had predicted that Citi's Investor Day, held Friday morning, would have to deal significantly in "promises," and that turned out to be the case. Citi is expecting to cut close to $500 billion from its $2.2 trillion balance she Home > Rss Directory > Business > CNN |
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Internet economy looks strong, some experts say The ever-growing Internet economy should be less susceptible to a U.S. economic downturn than many other industries, with more and more people shopping and doing business online, a group of commentators and businesspeople said Friday. Home > Rss Directory > Technology > InfoWorld |
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Citi Hits New Lows Rumblings from the Middle East cause a stir while some say that sovereign wealth funds can't save Citigroup. Home > Rss Directory > Business > Forbes |
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Credit card worries plague Citi Citigroup's big subprime-related writedowns are grabbing headlines, but the bigger worry for other big banks could reside in Citi's souring consumer business. Home > Rss Directory > Business > CNN |
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DealBook: Citi to Scrap Management Committee From Eric Dash, a DealBook colleague: Vikram S. Pandit is pulling the plug on Citigroup’s management committee, a body of senior managers from across the bank that rivals the United States Senate in size. Citi has taken down the links to biographies of the distinguished committee members on i Home > Rss Directory > General > NY Time |
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Main Gate to Citi Field a Tribute to Robinson - New York Times Canoe.caMain Gate to Citi Field a Tribute to RobinsonNew York Times - 36 minutes agoBy RICHARD SANDOMIR About a decade ago, Sharon Robinson set down the nine values that defined her father, Jackie, and, by extension, guided her family: citizenship, commitment, courage Home > Rss Directory > General > Google News |
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Relief Rally For Citi - Forbes The Gazette (Montreal)Relief Rally For CitiForbes - 57 minutes agoThe financial services giant announced that it lost $5.1 billion in the quarter and announced it will slash another 9000 jobs, bringing its 2008 headcount reductions to 13200.Video: Citigroup Report Home > Rss Directory > General > Google News |
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Fear factor drops at Citi Citi's rally is the latest sign that shoulders are easing a bit in the financial sector. Home > Rss Directory > Business > CNN |