More than 100 hedge funds snatched up shares of Citigroup (NYSE: C) during the fourth quarter of 2009, with large well-known names like George Soros, Eric Mindich and John Paulson purchasing nearly a half billion shares in the bank.
The buying spree by the hedge fund arena was further evidenced by the fact 10 shares of [...]
All Posts Tagged With: "Citigroup Inc."
Hedge Funds Go On Citigroup (NYSE: C) Buying Spree In Q4
Obama Unconvincing in Finding New Banking Bonus Religion – Doesn’t “Begrudge” Banking Compensation
As usual Barack Obama misread the mood of the public and his constant hammering of banking pay ended up backfiring, as people got fatigued from it all and the business community in general started to see Obama’s anti-business beliefs.
In a complete turnaround from attacking banking bonuses and executive pay, Obama said this in response to [...]
Big Banks Like Bank of America (NYSE: BAC) and Citigroup (NYSE:C) Still Quietly Using Government Money
Big banks like Bank of America (NYSE: BAC) and Citigroup (NYSE:C) are still using free government money, in the form of low interest loans from the Temporary Liquidity Guarantee Program (TLGP), guaranteed by the FDIC. So while CEOs and industry spokespeople decry the government for its “interference” despite the fact they’ve paid back their TARP [...]
January 28th, 2010 | John | Comments | Continued
SEC Admits It’s Investigating Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), and Goldman Sachs (NYSE:GS)
The head of the Securities and Exchange Commission (SEC), Mary Schapiro, admitted today that it is investigating the sales practices of Collateralized Debt Obligations (CDOs) of Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), and Goldman Sachs (NYSE:GS). The admission came before the Federal Crisis Inquiry Commission on Thursday and was the most direct [...]
January 15th, 2010 | John | Comments | Continued
Financial Crisis Committee Hearing In Full Swing, Goldman Sachs (NYSE: GS) CEO Blankfein Faces Questions, Bank of America (NYSE: BAC) CEO Moynihan Still On Deck
The Financial Crisis Inquiry Commission began its public hearing Wednesday with executives from the nation’s top banks. The Bipartisan panel has already began questioning Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein and is set to speak with Bank of America (NYSE: BAC) CEO Brian Moynihan, JP Morgan (NYSE: JPM) Chief Jamie Dimon as well as [...]
January 13th, 2010 | mitch | Comments | Continued
NY Attorney General Cuomo Seeks Bonus Info From Bank Of America (NYSE: BAC), Citigroup (NYSE: C), JP Morgan Chase (NYSE: JPM), And Others
Amidst public displeasure and regulatory scrutiny over bonus payments, several large U.S. banks received a letter from New York Attorney General Andrew Cuomo requesting information on bonus allocations. The letter went to eight of the nation’s largest banks that received taxpayer money.
Bank of America (NYSE: BAC), Bank of New York Mellon (NSYE: ), Citigroup (NYSE: [...]
Citigroup (NYSE: C) Repays $20 Billion In TARP Funds
Citigroup Inc. (NYSE: C) announced Wednesday that it has repaid the $20 billion it received from the government last year as part of the Troubled Asset Relief Program (TARP). The move frees the bank from employee pay restrictions in 2010 that regulators imposed as part of the financial aid.
The bank repaid the TARP funds by [...]
Are Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NSYE:WFC) Good Investment Opportunities?
From a contrarian investment point of view, it seems that Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NSYE:WFC) are at a good place to consider some serious investing in the companies, as there is still a stain on all the banks, but it’s getting a little clearer and better for them, [...]
December 23rd, 2009 | Gary | Comments | Continued
Citigroup (NYSE:C) Denies Being Hacked by Russians
Citigroup (NYSE:C) denied a report from the Wall Street Journal which stated they have been the victim of a cyber crime from Russian hackers, which resulted in the of millions of dollars for the company.
Responding to the reports, the giant banks said this in a statement:
“We had no breach of the system and there were [...]
When Will Citigroup (NYSE:C) Be Able to Remove Government Shackles?
It’s probably worse to have attempted the paying back of TARP funds and to have failed, than to not have tried at all, which is increasingly looking what Citigroup (NYSE:C) should have done.
Trying to ride the skirts of Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC), it seems that Citigroup CEO Vikram Pandit prematurely made [...]
US Quietly Concedes Billions in Tax Benefits to CitiGroup (NYSE:C)
In a move that quietly flew under the radar, The Washington Post reported today that the US government granted Citigroup (NYSE:C) billions in tax exemptions as part of a deal between the company to repay TARP bailout money. The concession is designed to help the company survive the current economic crisis despite the gigantic taxpayer [...]
December 17th, 2009 | John | Comments | Continued
You only have one good point and it's in the last sentence of the second to last paragraph..."anyone that thinks ...
This website has lost all integrity and has only gone down hill. 
We opted to keep our cards at the tune of 18.99 percent (up from 5%) just so it wouldn't affected ...