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...
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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