All Posts Tagged With: "Citigroup"

This article was written by Andrew Clark, for guardian.co.uk on Monday 1st March 2010 20.24 UTC They’re not all overpaid. One Wall Street banking boss, Citigroup’s chief executive Vikram Pandit, has embraced austerity by turning down a bonus and receiving a modest $128,750 in remuneration for 2009. While still an eminently survivable wage, Pandit’s package [...]

Shoring up their mining and metals segment, Citigroup (NYSE:C) has hired Heath Jansen to manage the European metals and mining research unit of the bank, along with two others for their London office, who will also focus on the overall metals market and companies within it. Hired for London were Tom O’Hara from Metal Bulletin [...]

The Dow has given up its gains for the week, and financial stocks like Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM) Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) are all down on the downgrade of Spain’s debt by Fitch Ratings from its prior AAA rating to AA+. Spain had had a [...]

Even though Citigroup (NYSE:C) and others with vested interest in them would like to believe they’re better than a $4 stock, I don’t think at this time that is the case, and in the short term it is doubtful they’ll have much support beyond that. We could and probably will see them make occasionally upward [...]

A report from the Wall Street Journal states that based on data gathered from the Federal Reserve, Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Deutsche Bank (NYSE:DB) are the worst offenders for removing debt from their books just before they report their quarterly earnings. Citigroup and the Federal Reserve had no comment on the story, [...]

Citigroup (NYSE:C) agreed to pay $1.5 million to settle the case where they were accused of not properly supervising employees who were under suspicion over mishandling trust fund of cemeteries located in Tennessee and Michigan, by the Financial Industry Regulatory Authority, which oversees brokerages. According to the Financial Industry Regulatory Authority, Citigroup “failed to reasonably [...]

Citigroup (NYSE:C) analyst Brian Yu wrote in a note to clients that he likes metal stocks in general, and AK Steel (NYSE:AKS) in particular, upgrading the company to a “Buy” rating. Yu said, “We believe metals stocks offer good value here.” While most of the broader market is crumbling today, AK Steel on the basis [...]

Goldman Sachs (NYSE:GS) upgraded Citigroup (NYSEC) from “neutral” to “buy,” while maintaining buy ratings on J.P. Morgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC). In light of the current economic conditions, which are deteriorating in Europe and China, it does generate the question of whether the assessment of Goldman is far too optimistic. Much of [...]

Shares of Citigroup (NYSE: C) are trading more than 4 percent higher on Monday despite the financial sector being down roughly 1 percent.  The stock found strength following an upgrade by Goldman Sachs (NYSE: GS) to buy from neutral. Goldman also upped its price target on the bank to $4.50 a share.  The stock is [...]

With investors increasingly concerned over the outstanding debt in the secondary market, they are now demanding higher risk premiums, which is costing Citigroup a lot more money for its credit default swaps. A credit default swap will pay the one buying it face value if a borrower defaults on the debt. They receive the cash [...]