Tag:
Power Struggle
Latest Headlines
Latest Headlines
Citigroup exchange deal final
As expected, Citigroup has finalized a deal that calls for Uncle Sam to convert $27.5 billion in preferred stock to common stock, according to media reports. This would lift the government's stake to about 36 percent. Citigroup will become the only big bank in which the government will own a big s
Citigroup CEO saga gets more interesting
It may be on again. Bloomberg reports that Citigroup is poised to go ahead with an exchange offer that will result in a much stronger capital position but also leave the government with a 35 percent stake. The exchange offer was delayed last week amid reports that Sheila Bair, of the FDIC, and
Inside view of Lehman's collapse
Andrew Gowers, former editor of the Financial Times , took a job as head of communications at Lehman Brothers--and got an up-close view of the shocking collapse. He bares it in The Times . It's not a pretty story; CEO Dick Fuld comes off looking pretty bad.
"Here was a corporate governan
