Citigroup news from FierceFinance
NewsPandit's hedge fund not faring well
The news that Citigroup will essentially wind down Old Lane, the hedge fund firm that Citigroup bought for $800 million, may stand as an omen. The fund--which was Read more...
Stealth layoffs hitting Wall Street
It's not paranoia if they're really after you. And so it goes on Wall Street. Financial institutions have announced some 65,000 layoffs since summer, and people are understandably nervous. The New Read more...
Citigroup to combine debt and equities units
Financial News Online reports that Citigroup has plans to combine its equity and debt capital markets origination divisions into a single unit. The move follows Read more...
H-P deal pushes JPMorgan to top of table
After the Microsoft-Yahoo nondeal rewrote the league tables for the year, here comes another big technology deal with big implications for the standings. The New York Times notes that Read more...
The case against a Citigroup break up
A post at Naked Capitalism makes some astute points about the value of a Citigroup break up. A break up only makes sense if parts can be sold in a way that improves the Read more...
ALSO NOTED: Merrill Lynch changes stock rating system; Merrill Lynch, Citigroup execs look to former colleagues for talent; and
Company News:> Freddie beats expectations. Article> More on the Clear Channel agreement. Read more...
C&L: Executive Moves
> Lehman's Rick Rieder to launch hedge fund> Citigroup shifts Alberto Verme Read more...
Break-up-Citigroup advocates not giving up
Vikram Pandit's much anticipated new strategy for Citigroup was anti-climactic in several ways. Among the most disappointed were those who Read more...
ALSO NOTED: Citigroup may sell Japanese consumer finance unit; Morgan Stanley closes infrastructure fund; and much more...
Company News:> Morgan Stanley closes infrastructure fund. Article > More on Read more...
What to make of Citigroup's strategy
Fairly or not, there are some who are less then awestruck by Vikram Pandit's much-anticipated new "strategy" for Citigroup. I wouldn't call Read more...
| Press ReleasesCiti Board Names Vikram Pandit Chief Executive Officer and Sir Win Bischoff ChairmanNew York – The Board of Directors of Citi today announced that it has appointed Vikram Pandit as the company's new Chief Executive Officer and member of the Board of Directors, effective Read more... Citigroup appoints Jorge Bermudez as Chief Risk Officer FOR IMMEDIATE RELEASE
Citigroup Inc. (NYSE: C)
November 16 2007 New York – Citi today announced the appointment of Jorge A. Bermudez as Chief Risk Officer, with responsibility for market, credit, Read more... Robert E. Rubin to Serve as Chairman of the Board of CitiSir Win Bischoff to Serve as Acting Chief Executive Officer Charles Prince Elects to Retire from Citi New York – The Board of Directors of Citigroup Inc. today announced that Robert E. Rubin, Read more... John Redpath Joins Deutsche Bank as Global Head of Oil Products and Agriculture TradingDeutsche Bank Securities Inc. today announced that John Redpath has joined as a Managing Director and Global Head of Oil Products and Agriculture Trading in the Global Markets division. In this role, Read more... |