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Blame game at Citi continues

November 29, 2008 — 9:06pm ET | By Jim Kim
The blame game continues at Citi, and it's a bit uncomfortable. The latest is that Robert Rubin, the board consigliore at Citi, is being forced to deny culpability for the colossal mess that is Citi.... Read more...

Is Citi solvent?

November 28, 2008 — 11:17am ET | By Jim Kim
Christopher Whalen, co-founder of Institutional Risk Analytics and a long-time critic of Citigroup, has this to say about whether Citi is solvent: "If you combine opaque structured-finance products... Read more...

More banks to seek Citi-style assistance?

November 25, 2008 — 9:30am ET | By Jim Kim
You definitely get the feeling that while Citi may be the biggest of the sick banks, it is hardly the only sick bank. For better or worse, the government has now set a precedent for phase-two... Read more...

So how do you deal with toxic assets?

November 24, 2008 — 9:58pm ET | By Jim Kim
Because Citi is so big, it got lucky. The government will shoulder the lion's share of losses stemming from its portfolio of toxic assets. But that raises an obvious question: What about other banks... Read more...

Bob Rubin role pondered

November 24, 2008 — 2:34pm ET | By Jim Kim
The one constant over the years of turmoil at Citi has been Bob Rubin, who was first recruited to the Citi board in in 1999 by Sandy Weill. Some are troubled by his role in supporting Citi's... Read more...

Man in the storm: Vikram Pandit

November 24, 2008 — 8:44am ET | By Jim Kim
All eyes on Wall Street are on Vikram Pandit right now, and that has got to be uncomfortable--especially considering he has traditionally avoided the spotlight, he eschews the flashy Wall Street... Read more...

Yet another attempt to save Citi

November 24, 2008 — 8:35am ET | By Jim Kim
Wow! The weekend drama ended with a bang: A radical government plan to keep Citi afloat. The plan will back up to $306 billion of loans and certain other assets, all of which will remain on Citi's... Read more...

Bove says Citi fears are overblown

November 20, 2008 — 10:14pm ET | By Jim Kim
"It would take a Depression every bit as large and long as the 1930s debacle to shake this company's viability." So wrote analyst Richard Bove about Citi. He thinks the fears are overblown, even as... Read more...

Citi's falling stock poses problems for insitutions

November 20, 2008 — 2:35pm ET | By Jim Kim
As Citi's stock flirts with the $5 level, which is shocking in its own right, some institutions are fearful that they may end up having to sell out before the end of the quarter. Many are barred from... Read more...

Huh? Wall Street execs invited to contribute to Cuomo's campaign

November 20, 2008 — 2:34pm ET | By Jim Kim
New York state attorneys general have a grand tradition of using the position as a stepping stone to greater political glory. But such ambitions can make for some odd moments. New York AG Andrew... Read more...
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