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CIBC
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Latest Headlines
How big will Citigroup's 4Q writedown be?
At times like these, an analyst can really make a name for himself or herself. Meredith Whitney, of CIBC, has certainly seized the day. The issue du jour is how much Citigroup will write down for the fourth quarter . The bank reports next week, and according to the Financial Times , Merrill
C&L: Tom Woods tapped as chief risk officer at CIBC
> Tom Woods tapped as chief risk officer at CIBC > Michael Ho rejoins Mellon > Bear Stearns taps Richard Allen and David Kahn for public finance. > Citi Capital Strategies hires Gregory Rush for Boston office > M.D. Sass hires Daniel Fishbane &
ALSO NOTED: New ad campaign for JPMorgan Chase; Thain to bring Goldman exec abroad?; and much more...
Company News: > New ad campaign for JPMorgan Chase. Article > Citigroup combines mortgage operations. Article > Thain to bring Goldman exec abroad? Article > More on Morgan Stanley's sovereign wealth play. Article > CIBC shakes up exec suite. Article &
ALSO NOTED: $2 billion writedown for CIBC; Goldman Sachs is the top advisor in Europe; and much more...
Company News: >Goldman Sachs is the top advisor in Europe. Article > $2 billion writedown for CIBC. Article > Nomura denies bid for Collins Stewart. Article > Morningstar to acquire Hemscott units. Article > Valueline profits rise. Article
Industr
How things change: Analysts applaud Pandit
Well, the reception of Vikram Pandit was initially rather tepid. Meredith Whitney, of CIBC, deemed his first meeting with analysts uninspired. But he recovered with brio and had a surprising first three days, the centerpiece of which was a bold move to deal with nearly $50 billion in SIVs. Some t
Critics quickly train on Pandit
We've noted that when Vikram Pandit was given the job as CEO of Citigroup there were some reservations by some directors. Since then, additional doubt has been voiced by others. Mr. Market certainly displayed its displeasure at the Pandit-Win Bischoff news . The main criticism has revolved aro
Meredith Whitney on Citigroup -- again
We've all heard Meredith Whitney's views on Citigroup. The CIBC analyst's latest missive contains a look at a different metric. She reckons Citigroup has more exposure to mortgages with high loan-to-value ratios than its peers. (Specifically, the ratio looks at mortgage on a home against the ass
ALSO NOTED: HSBC, Citigroup spa over banker in Asia; Carlyle hedge fund hit hard; and much more... ; and much more...
Company News: > HSBC, Citigroup spar over banker in Asia. Article > Carlyle hedge fund hit hard. Article > CIBC's Whitney cuts Lehman estimate. Article > National Australia Bank buys U.S.-based Great Western Bank. Article > TD Bank earnings rise.
Citigroup Abu Dhabi deal offers lucrative returns
How desperate was Citigroup? There's no doubt that the big bank needed a massive infusion of cash to shore up its capital ratios. It remains to be seen if the $7.5 billion infusion will be enough. There are some doubters out there, notably Meredith Whitney, of CIBC Global Markets. The New York Po
How rating cuts affect big bank capital positions
Meredith Whitney, analyst at CIBC, is not backing off from her bearish stance on Citigroup. In fact, her bearishness now extends to other big banks, notably Wachovia. Her main concern is capital, and whether banks have enough. The Financial Times' Alphaville does us all a favor by explain
