| Source: Reuters
The Dutch state-owned retail operations of Fortis and ABN Amro will merge and the government intends to participate in the combination in the coming years, Prime Minister Jan Peter Balkenende said.
Citigroup CEO Vikrum Pandit said Friday that he would like to keep the company together and does not wish to spin off its Smith Barney brokerage.
| Source: CNBC.com
It's not preferable, but all major U.S. financial companies will eventually be under government control because the alternative is so much worse, Hugh Hendry, chief investment officer at hedge fund Eclectica Asset Management, said Friday.
| Source: Reuters
A top investor in Barclays said on Thursday it would back the British bank's controversial fundraising plan despite voicing concerns.
| Source: Reuters
Australia is in a good position to defend itself against the global economic crisis despite a bleak report that forecasts a possible recession in 2009, according to the central bank chief.
Citigroup, trying to arrest the sharp slide in its stock price, may look for a possible merger partner or take other steps to raise cash, senior officials told CNBC.
Thursday, 20 Nov 2008 | Source: Reuters
Citigroup , JPMorgan Chase and Capital One are among the final bidders for Chevy Chase Bank, a Bethesda, Maryland, lender, sources familiar with the matter said.
| Source: CNBC.com
Citigroup's stock plunged below $5—a 13-year low—but the banking giant's troubles may be just beginning.
Thursday, 20 Nov 2008 | Source: Reuters
Wall Street's pain is rippling through U.S. small businesses, as bankers who once pulled in million-dollar bonuses lose their jobs and cut back spending on everything from parties to home improvements.
Thursday, 20 Nov 2008 | Source: Reuters
The money-losing finance company GMAC said on Thursday it has filed to become a bank, and its bonds surged as it joined the growing list of lenders making such a move in a bid to secure U.S. Treasury funds.
Thursday, 20 Nov 2008 | Source: CNBC.com
Saudi Arabian financier and investor Prince Alwaleed bin Talal bin Abdulaziz Al Saud boosted his stake in Citigroup to 5%.
Thursday, 20 Nov 2008 | Source: Reuters
One hundred and one. No, that's not Dalmatians but the number of stocks in the U.S. benchmark S&P 500 index now trading for less than $10 a share.
Thursday, 20 Nov 2008 | Source: Reuters
Citigroup's stock dive Wednesday likely hurt some prominent investors, such as American Funds and AllianceBernstein, that bought more of the stock in the last quarter.
Wednesday, 19 Nov 2008 | Source: The Associated Press
Australia is in a good position to defend itself against the global economic crisis despite a bleak report that forecasts a possible recession in 2009, according to the central bank chief.
Wednesday, 19 Nov 2008 | Source: Reuters
Citigroup, once the largest U.S. bank by market value, has fallen to fifth, dropping behind U.S. Bancorp—
Posts |
SECTOR : Financial Services
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20 Nov 2008
In a special edition 'Outrage of the Day,' Cramer has not one, but two gripes on his mind: one personal and one business, which is the one he decides to start with, since "we're not about making friends on this show, we're about making money."... Read More
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