Citigroup

Taxpayers to Lose $43.9 billion on Citigroup Guarantees

[ The Financial Ninja ] (Free subscription) | 6 hours ago

"The unemployment assumptions used in both scenarios have in fact already been exceeded." -Oversight Panel FN: The $301 billion federal guarantee on Citigroup's (C) crappy loan book is expected to cost taxpayers $43.9 billion in losses... IF the unemployment rate peeks at 9.5%. Doh. We're at 10.2% now and 13% is now being thrown around as a possible high . Citigroup Asset Guarantees May...

Citigroup Vice Chairman Ned Kelly to Present at the Bank of America Merrill Lynch 2009 Banking and Financial Services Conference

Business Wire (Free subscription) | 2 hours ago

NEW YORK--(BUSINESS WIRE)--Ned Kelly, Vice Chairman of Citigroup, will present at the Bank of America Merrill Lynch 2009 Banking and Financial Services Conference on Wednesday, November 11, 2009. The presentation is expected to begin at approximately 8:50 AM (EST). A live webcast of the presentation will be available at www.citigroup.com/citigroup/fin. Presentation materials will be available for download...

Reed: Sorry About that Whole Ginormous Citigroup Bank Thingie

The Big Picture (Free subscription) | 08/11/2009

“I’m sorry. These are people I love and care about. You could imagine emotionally it’s not easy to see what’s happened.” -John S. Reed, retired Chairman and CEO of Citibank, on why the Congress was wrong to repeal the Depression-era Glass- Steagall Act in 1999 > A fascinating mea culpa from former Citi CEO John Reed. “John S. Reed, [...]

Citigroup Inc C Stock 11/9/09 November 9 2009

Stock Market Analysis (Free subscription) | 08/11/2009

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for November 9, 2009 Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/9/09 Resistance Levels: $4.11, $4.17, $4.51 Support Levels: $3.80, $3.57 Chart - http://www.stockcharts.com Discuss Stocks - http://stockstobuy.org Citigroup Inc (C:NYSE) continues to find a bottom here around $4.00. $3.80...

Citigroup Already Being Broken Up (But Not Enough)

SeekingAlpha.com (Free subscription) | 08/11/2009

Washington's Blog submits: MarketWatch points out that Citigroup ( C ) is actually already being broken up: Citigroup Inc.... is already being broken up under part-ownership by the government, [Richard] Bove and other analysts say... Complete Story »

"Citigroup has received 1,200 doses, more than half of what it requested, health officials said, and..."

Mike Hudack (Free subscription) | 07/11/2009

“Citigroup has received 1,200 doses, more than half of what it requested, health officials said, and in late October, Goldman received 200 of the 5,400 doses it asked for. By contrast, Memorial Sloan-Kettering Cancer Center received 200 of the 27,400 doses that it requested for its workers, according to the New York City Department of Health and Mental Hygiene.” - :( Officials Defend Giving...

• About Those Swine Flu Vaccines That Banks Received - Gothamist
• Wall Street at Front of Line for Swine Flu Vaccine - AFL-CIO Weblog
• See the 4 articles on the same subject

Citigroup is ALREADY Being Broken Up ... But Not Enough

George Washington's Blog (Free subscription) | 08/11/2009

MarketWatch points out that Citigroup is actually already being broken up: Citigroup Inc.... is already being broken up under part-ownership by the government, [Richard] Bove and other analysts say... Citigroup, roughly a third owned by the government, is already being broken up, giving investors a preview of how other large financial institutions may be shrunk in future. "The break-up of some...

Citi's Primerica IPO May Signal Strategy Shift

The Street (Free subscription) | yesterday

Citigroup's decision to seek an initial public offering for its Primerica unit may indicate the company will go this route with other non-core or troubled assets.

Goldman Sachs Takes Bailout Money, Takes Swine Flu Vaccine, Takes Over Treasury, and Doubles Their Bonuses

The Whig (Free subscription) | yesterday

Goldman Sachs Bonuses Doubled Due to Bailout : Windfall Seen as Bank Bonuses Are Paid in Stock Goldman Sachs, Citigroup got swine flu vaccine "Wall Street banks have already taken so much from us. They've taken trillions of our tax dollars. They've taken away people's homes who are struggling to pay the bills," union official John VanDeventer wrote on the Web site of the 2 million-member...

H1N1 fiasco: It's time all Americans had access to the vaccine

post-gazette.com (Free subscription) | yesterday

It's a good thing that no one from modern Wall Street was on the Titanic when it slammed into the iceberg. As the freezing waters rose, the women and children would have had to line up behind the most well-connected firms in the country for a place in the lifeboats. Nothing symbolizes the fiasco that has been the distribution of the H1N1 vaccine better than news that Wall Street firms like Citigroup...

Well, that’s nice. Ten years and $14 trillion too LATE and all, but nice.

Blog on the Run: Reloaded (Free subscription) | yesterday

John Reed, the guy who led the merger that created zombie bank Citigroup, now says he’s sorry he did that. He also says he was wrong to support the repeal of Glass-Stegall. Well, duh; any number of people, myself included, could have told him that at the time, if he’d been willing to listen. But he [...]

Report: 237 millionaires in Congress - Erika Lovley - POLITICO.com

Mac Beach (Free subscription) | yesterday

"Senate Minority Leader Mitch McConnell (R-Ky.) gained about $9.2 million. Sen. James Inhofe (R-Okla.) gained about $3 million, Sen. Daniel Inouye (D-Hawaii) had an estimated $2.6 million gain, and Richard Shelby (R-Ala.) gained about $2.8 million. Some lawmakers have profited from investments in companies that have received federal bailouts; dozens of lawmakers are invested in Wells Fargo, Citigroup,...

• Report: 237 Millionaires in Congress - CommonDreams.org Headlines

Shanda Interactive: Citi Upgrades To Hold

Tech Trader Daily (Free subscription) | 6 hours ago

Shanda Interactive (SNDA) shares have spiked today after Citigroup analyst Alicia Yap upped her rating on the stock to Hold from Sell, lifting her price target to $55, from $46. On Friday, the stock closed at $47.66. Yap notes that the stock had dropped 16% since the spin-off of Shanda Games [...]

Federal Reserve says stressed banks are on track

Market Watch (Free subscription) | 4 hours ago

WASHINGTON (MarketWatch) - Nine of the 10 big financial institutions that were required to raise capital after government regulators conducted stress tests on them have hiked their assets sufficiently, according to a Federal Reserve statement on Monday. The one exception, auto lender GMAC LLC, is in discussions with Treasury about its financial situation and whether it will need to access additional...

Citi worth $5, Even $10

The Street (Free subscription) | 4 hours ago

NEW YORK (TheStreet) - - Sandler O'Neilll analyst Jeff Harte lays out the reasons why Citigroup is a $5 stock and long term could get to $10.