The Huffington Post (Free subscription) | yesterday
Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said. Citigroup has more than $2 trillion of assets, dwarfing companies such as American International Group Inc. that got U.S. support this year. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S....
Seattle Post-Intelligencer (Free subscription) | yesterday
American International Group Inc., the insurer bailed out by the U.S., will sell its plane-leasing arm, International Lease Finance Corp., to a group of investors and the unit's management by early next year, an executive said.
Commercial Insurance Knowledge (Free subscription) | yesterday
American International Group Inc. , the insurer bailed out by the U.S., will sell its plane-leasing arm International Lease Finance Corp. Bookmark To:
Below The Beltway (Free subscription) | yesterday
It looks like Citigroup will be the next big financial institution to line up at the Federal Government’s bailout trough: Nov. 21 (Bloomberg) — Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said. Citigroup has more than $2 trillion [...]
The LRC Blog (Free subscription) | yesterday
Nov. 21 (Bloomberg) -- Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said. Citigroup has more than $2 trillion of assets, dwarfing...
A Blog For All (Free subscription) | yesterday
... brink of going belly up.Citigroup has more than $2 trillion of assets, dwarfing companies such as American International Group Inc. that got U.S. support this year. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke may favor a rescue to avoid the chaotic aftermath of Lehman Brothers Holdings Inc.’s bankruptcy in September.“There is no question that...
Star Tribune (Free subscription) | 1 hour ago
... government was instrumental in JPMorgan Chase & Co.'s buyout of Bear Stearns and Washington Mutual Inc., deals that left shareholders with little or no payouts.The Treasury Department, the Federal Reserve and other banking regulators are monitoring the situation, government officials said. They spoke on condition of anonymity because of the sensitive nature of the matter.Concerns about the...
qwstnevrythg.com (Free subscription) | yesterday
Citigroup May Get Government Rescue, Investors Say (Update1)By Christine Harper and Bradley KeounNov. 21 (Bloomberg) — Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said.Citigroup has more than $2 trillion of assets, dwarfing companies such as American International Group...
Philadelphia Inquirer (Free subscription) | yesterday
After the downfall this year of Bear Stearns Cos., Lehman Brothers Holdings Inc., and American International Group Inc., the market is losing confidence in yet another financial institution. And again, it has little to do with the company's current levels of cash - right now, Citigroup is practically swimming in capital.
Right Commentary (Free subscription) | yesterday
... in the market. Citigroup has more than $2 trillion of assets, dwarfing companies such as American International Group Inc. that got U.S. support this year. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke will most likely favor a rescue to avoid the chaotic aftermath of Lehman Brothers Holdings Inc.’s bankruptcy in September. Moreover, a Citigroup...
ABC News (Free subscription) | yesterday
... branch headquarters on Park Ave. on Friday, Nov .21, 2008 in New York. Shares of Citigroup Inc. climbed in premarket trading Friday, as the financial giant was said to be looking at selling off pieces of itself _ or the entire company _ to help rebuild investor confidence. (AP Photo/Jin Lee) (AP)CEO Vikram Pandit told managers earlier in the day he opposes breaking up the company, but the...
Arizona Republic (Free subscription) | yesterday
... government was instrumental in JPMorgan Chase & Co.'s buyout of Bear Stearns and Washington Mutual Inc., deals that left shareholders with little or no payouts.The Treasury Department, the Federal Reserve and other banking regulators are monitoring the situation, government officials said. They spoke on condition of anonymity because of the sensitive nature of the matter.Concerns about the...
The Johnsville News (Free subscription) | yesterday
Bloomberg: -- President-elect Barack Obama picked Timothy Geithner, head of the Federal Reserve Bank of New York, to be his Treasury secretary, with Lawrence Summers getting a senior White House role, a Democratic aide said. Geithner helped lead the U.S. response to the deepest financial crisis in seven decades, including the takeover of American International Group Inc. and Bear Stearns...
Examiner (Free subscription) | yesterday
Pressure on Citigroup builds, shares fall below $4Nov 21, 2008 5:44 PM (23 mins ago) By MADLEN READ, AP 23 mins ago: Pressure on Citigroup builds, shares fall below $42 hrs 2 ago: 6 hrs ago: 1,472(AP Photo/Seth Wenig, File)In this Nov. 17, 2008 file photo, an office tower bearing the Citigroup logo is seen beyond a cemetery in the Queens borough of New York. Shares of Citigroup Inc. climbed...
Donklephant (Free subscription) | yesterday
... sale of Bear Stearns Cos. in March, the talks before the failure of Lehman Brothers Holdings Inc. in September, and the rescue of American International Group Inc. days later. For some, that also may be grounds for criticism. The decision for the Obama administration rested partly on the question of what the new president wants from his Treasury secretary, and also how much...
