A legal agreement between Morgan Stanley (NYSE:MS), Citigroup (NYSE:C) and the Securities and Exchange Commission created a firewall which separated the investment banking units of the companies form research analysts. A request to have that firewall changed was denied by Judge William Pauley III of the Southern District of New York.
The reason the firewall was [...]
All Posts Tagged With: "Citigroup"
Morgan Stanley (NYSE:MS) and Citigroup (NYSE:C) Request to Change 2003 Firewall Agreement Denied by Judge
Citigroup (NYSE:C) Spinning Off Insurance Unit, Primerica Files for IPO of $252 Million
Citigroup (NYSE:C) has made the decision to focus on and keep only those assets connected to their core banking business, and their latest divestiture will be their life insurance unit – Primerica.
The life insurance unit has filed for an initial public offering which will be as high as $252 million.
This isn’t the only part the [...]
Citigroup (NYSE:C) Spends $1.25 million on Lobbying Government
In a move to influence government decisions concerning potential regulations related to the banking industry, Citigroup (NYSE:C) spent about $1.25 million on lobbying during the fourth quarter.
While a significant amount, it was slightly below the $1.28 million spend during the last quarter of 2008. In the third quarter Citigroup spent $1.33 million on lobbying efforts.
Targeted [...]
Lending At Citigroup (NYSE: C), Other Bailed Out Banks Falls In January
The Treasury Department reported Monday that new lending dropped 35 percent in January at the nine largest banks that still owe bailout money. However, average loan balances did rise 2 percent compared to December, the highest level since September.
The report is based on a survey by the Treasury Department, with January’s report being the last [...]
Citigroup (NYSE:C) Upgrades Wal-Mart (NYSE:WMT) to Buy
Citigroup (NYSE:C) analyst Deborah Weinswig upgraded Wal-Mart (NYSE:WMT) from hold to buy on Sunday, also increasing her price target on the company from $54 a share to $65 a share.
There were several reasons cited by Weinswig for the upgrade. The first was the food sector, which Weinswig claims the company is going to fight even [...]
Is Investing in Citigroup (NYSE:C) a Fool’s Game at this Time?
While shares of Citigroup (NYSE:C) have had a nice upward swing lately, reaching its 2010 high of $3.81, and up by about 12 percent over the last several days, it seems a rather irrelevant event in my opinion, and nothing in the fundamentals justifies a big move up, other than the fact it’s prices so [...]
March 9th, 2010 | Gary | Comments | Continued
Morgan Stanley (NYSE:MS) Hires Gary Shedlin Away from Citigroup (NYSE:C)
Morgan Stanley (NYSE:MS) has reportedly hired Gary Shedlin, the chairman of Citigroup’s (NYSE:C) investment banking Financial Institutions Group.
A spokeswoman for Morgan Stanley said the role of Shedlin at the company will be as vice president in their financial institutions department. Shedlin’s position at Morgan Stanley is a new one at the company.
Shedlin, who also used [...]
JPMorgan (NYSE:JPM), Citicorp (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) Sued by Tribune Bondholders
Bondholders of Tribune, in connection to the Chapter 11 bankruptcy case, have sued JPMorgan (NYSE:JPM), Merrill Lynch Capital Corp.,Citicorp (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) over the financing of the buyout of the company in 2007.
The financing of Tribune by the financial institutions led to the leveraged buyout of Tribune in 2007, [...]
Citigroup (NYSE:C) Hearing: “There is No Too Big to Fail”
After laying into Vikram Pandit about the size of Citigroup (NYSE:C) yesterday, and the need to take steps to shrink the company down to levels where they aren’t a hazard to the rest of the country, it got even more interesting. as the congressional oversight panel got a change to grill Herbert Allison on the [...]
March 5th, 2010 | Gary | Comments | Continued
Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC) and Citigroup Inc. (NYSE:C) Buying Back $21 Billion in Home Loans
Fannie Mae and Freddie Mac are reportedly going to force Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC) and Citigroup Inc. (NYSE:C) ot buy back up to $21 billion in residential mortgages in 2010 in response to what they consider mortgages which shouldn’t have been made in the [...]
March 5th, 2010 | Gary | Comments | Continued
Citigroup (NYSE:C) Survives Only Because of Government Support
A government watchdog talking to Citigroup (NYSE:C) Chief Executive Officer Vikram Pandit said the company would be in a far more difficult position if the government if the government essentially didn’t guarantee the company. It was added the company would be viewed as far more risky by outsiders as well.
I would even go further than [...]
Just use a little psychology and you can interpret this any way you want depending on your disposition. I would ...
Yeah he can really say that if the government is waiting for the release of the positive result which will ...
I've only seen blog mentality reporting from this site, and don't take much merit in anything it says.