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U.S. Treasury
Latest Headlines
Latest Headlines
Citi's deferred tax asset problem?
Calyon Securities analyst Mike Mayo, who can definitely move a stock, shocked Citi ( C ) shareholders with a report that noted the bank might write down about $10 billion in deferred-tax assets in the fourth quarter . A write-down of that magnitude would amount to nearly 25 percent of the $38
The big losers in the bank bloodbath
In the high stakes battle to save America's biggest banks, a zero sum game seems to be emerging--one that pits common shareholders vs. taxpayers. Increasingly, as the government gets more and more involved with the likes of Bank of America and Citi, it looks like both cannot win. The sheer size of
