April 2009
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...
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...
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...
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