restructuring news from FierceFinance
News
Boutiques, top firms co-exist in restructuring business
TheDeal.com notes that investment bankers were once precluded by law from representing a client company in bankruptcy court. That left much of the restructuring business to boutiques, who continue to Read more...
Another upside surprise: Citigroup beats expectations
Citigroup reported a loss of 54 cents for the April-to-June quarter, which was not as bad as the 66 cents analysts were expecting. The loss reflects $7.2 billion in Read more...
Goldman Sachs fee causes controversy
The Telegraph reports that British mortgage firm Bradford & Bingley will pay Goldman Sachs an advisory fee even though a deal with private equity firm TPG fell apart. 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...
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...
Citigroup reaches out to... HP?
Hewlett Packard to the rescue? Vikram Pandit, CEO of Citigroup, is reaching out to HP executives for insight into how to stand firm in the Read more...
Citigroup bids management committee farewell
According to the New York Times, Citigroup is disbanding its somewhat controversial management committee. It started as a good way to cross Read more...
The future of Citigroup
The New York Times notes that Citigroup's stock has sunk below the price it traded at 10 years ago, when the mega-merger with Travelers was Read more...
Will restructuring satisfy Citigroup critics?
Citigroup's Vikram Pandit was under a bit of pressure to break up the banking behemoth even before he started as CEO. He rejected the idea early in his tenure, dazzled Read more...