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PUBLIC MARKS from bacon with tag citigroup

April 2009

Vikram Pandit beat expectations, Citigroup Posts $1.6 Billion Profit

Citigroup posted a smaller-than-expected loss since 2007 thanks to cost-cutting and improved investment banking. Citi’s the third large institution this week, after Goldman Sachs Group and J.P. Morgan Chase & Co., to report stronger-than-proj...

Chrysler LLC Lenders Plan Debt Offer

Chrysler LLC’s lenders are planning to make a counteroffer this week to the U.S. Treasury, which originally asked creditors owed about $6.9 billion to accept $1 billion to keep the auto maker from liquidating. Late Sunday night, the lenders recei...

Citigroup likely to sell Nikko Citigroup with Nikko Cordial Securities and Nikko Asset Management Co.

Citigroup Inc. of the United States intends to add Nikko Citigroup Ltd. to its plan to sell Nikko Cordial Securities Inc., Japan’s third-largest brokerage and Nikko Asset Management Co. in Japan. Citigroup has proposed selling the three Nikko fir...

March 2009

Citigroup Chief Vikram Pandit Says Bank Having Best Quarter Since 2007 because of capital & Group strength: memo

Citigroup Chief Executive Vikram Pandit said the bank had been profitable in the first two months of the year, according to an internal memo. The memo also said that the bank was confident about its capital strength after it had done its own stress tes...

February 2009

Citigroup Inc. reaches aid deal with US government to increase stake.

Another day, another bailout! I feel like I’ve seen this movie before. I suppose until ownership goes over 50% they can claim it is still private but it’s the thin end of the wedge and nationalization is inevitable. Presumably this also dil...

AIG Asia asset sales plan, yes or no?

Citigroup and Goldman Sachs are advising AIG on its Asia asset sales. AIG initially intended to sell 49% of AIA, which is Asia’s largest life insurer with operations in 10 countries, but it has since signaled it was open to selling the whole unit...

January 2009

What is Morgan Stanley Smith Barney? Morgan buys controlling interest in Smith Barney brokerage unit of Citigroup Inc.

After days of speculation, Citigroup Inc. the nation’s third-largest bank by assets, after Bank of America and JPMorgan Chase & Co  and Morgan Stanley unveiled plans Tuesday to merge their brokerage businesses in a new joint venture. - The c...

November 2008

Vikram Pandit happiest man in US: Government now Mexican billionaire Carlos Slim came to Citigroup

The investment firm owned by Mexican billionaire Carlos Slim has purchased a 1% stake in Citigroup Inc., the financial giant recently rescued by the U.S. government, an analyst close to the transaction said Tuesday. The stake — amounting to aroun...

Citigroup CEO Vikram Pandit blamed prior management and real state for everything!

“What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate,” Pandit said in an interview on PBS’ Charlie Rose show. “We got here by lending money, and putting mone...

Citigroup New Rescue Package is the greatest heist in American history.

Sadly, it is quite clear now that Paulson is simply another typical Bushevik crony capitalist. As far as he is concerned the bailout money is intended to enrich his friends and everyone else can simply stick it.  To the plunderers go the plunder…you...

It's Time to Say Bye Bye to Vikram Pandit!

I think CEO’s that are resistant to job cuts would be more innovative. A CEO who cuts jobs first just means “My job must be saved first” I miss the good old days of employee loyalty. Today, it is EXTINCT, long since destroyed by comp...

October 2008

Goldman Sachs Citigroup Inc. Merger now its a joke!

When Warren made an investment in GS, he said he was investing in BRAINS. I think those brains so far are scrambling because they are going to be soon served in France as scrambled brains on a platter. She loves me, she loves me not,she loves me, she l...

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