Tuesday, April 21st, 2009
Board members are nervous as the US government will soon become the largest shareholder of the New York City banking giant Citigroup (NYSE:C). They have a right to be nervous, considering the type of performance the company has been turning in for the last few quarters. In the ...
Posted in Business | No Comments »
Thursday, March 12th, 2009
Just how unpopular is Citigroup these days? The company was the victim of two bombing attacks engineered by a Greek terrorist group that blamed them for causing the international banking crisis. Apparently the Revolutionary Struggle of Greece is not alone in their hatred of Citigroup, a company that's ...
Posted in Business | 1 Comment »
Sunday, January 4th, 2009
The average person these days in America has to get a sick feeling in the pits of their stomachs every time they think of the "bailout" of the financial industry. Credit lenders went crazy and lent money to anyone with a pulse, and now the taxpayers are bailing them ...
Posted in Stock Highlight | 1 Comment »
Monday, September 29th, 2008
Wells Fargo and Citigroup were in the running to take over Wachovia's banking operations, and it looks like Citigroup (NYSE:C) has emerged as the winner. The deal was facilitated by the FDIC, who says that Wachovia did not fail.
Citigroup will absorb up to $42 billion of losses in the ...
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Monday, September 29th, 2008
Wachovia and Wells Fargo are now in the advanced stages of merger talks. According to the New York Times, federal regulators are pushing Wachovia hard to sell out to Wells Fargo. Initially this weekend, Wachovia had been speaking to Citigroup (NYSE:C) as well as Wells Fargo, but it ...
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