Recent Posts Tagged With 'citigroup'

• Citi / Bank – Splitisville

  Posted on Friday January 16th, 2009 at 08:47 in finance, corporate, citigroup, bank failure, citibank, citicorp, toxic assets, citi holdings

  The era of the super financial has come to an end, at least for Citibank.   Citigroup Inc will split into two companies. Citicorp and Citi Holdings, reverting back to running a banking business.   “The new structure will have the bank operating ...

• The Breakup - Citigroup

  Posted on Monday January 12th, 2009 at 10:45 in finance, Government, corporate, citigroup, federal government, citibank, regulators, bialout

  Citigroup’s Smith Barney and Morgan Stanley’s Brokerage operation are close to deal. This move would create the largest retail brokerage company, surpassing that of Bank of American who became number one with mergers this year.   As the financi...

• Credit Card Crisis — Industry may cut $2 trillion lines

  Posted on Monday December 1st, 2008 at 14:03 in mortgage, finance, credit card, credit, mortgages, consumers, citigroup, c, bank of america, bac, jp morgan, jpmorgan chase

  Why Banks Fail reported on credit cards back on October 30, 2008 in Credit Card Crisis — How we will feel it at home. One of the concepts we wanted to be clear, is that all of the banking crisis issues we have been seeing, has mostly affected a...

• Could Citibank Fail

  Posted on Thursday November 20th, 2008 at 15:32 in finance, Failure, saudi arabia, corporate, citigroup, c, job cuts, bailout, citibank, wells fargo, wachovia, saudi prince

  The Saudi Prince has spoken, but it’s not enough to help Citigroup out of the downward plunge it is on.  Citibank opened 4% lower, but it got much worst as the day went one. Losing more then 26% to trade close the day at 4.71   Breakdown: Citiban...

• Citigroup — to cut jobs by 14%, 50,000 jobs lost

  Posted on Monday November 17th, 2008 at 07:50 in finance, corporate, unemployment, citigroup, subprime, recession, job cut, jobs lost

  Bloomberg.com reports Citigroup’s Pandit to Reduce Headcount by 50,000, Cut Expenses. After many other job cut announcements, Fidelity cuts 1300 jobs (and many more job cuts), here comes a big one.  Citigroup announces that it will reduce expe...