Tag:
Travelers
Latest Headlines
Latest Headlines
Citigroup dropped from Dow
Looks like Citigroup alone will bear the mark of the beast: A huge ownership stake by the government. This doesn't sit well with the Dow Jones index folks. They have just dropped the bank from its flagship industrial average. It's being replaced by Travelers, which was once own by Citigroup. Art
Citigroup-Travelers deal still making news
Ten years after the fact, Citigroup 's historic merger with Travelers remains in the headlines. Instead of hailing the deal however, John Reed--the former CEO of Citigroup who masterminded it--now tells the Financial Times it was a rank failure. Certainly, shareholders never quite benefite
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 announced. It has been a long bitter road to this point, and it remains unclear whether CEO Vikram Pandit can somehow right the ship. The merger at t
