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Source: www.flyertalk.com --- 1 day ago
Hoping we got a Citi Chairman AmEx card holder in here that can look on the back of their card and give me the number to customer service. ... Source: www.moreover.com --- 21 hours ago
Seeking Alpha May 12 2008 7:10PM GMT ...
Source: www.moreover.com --- 1 day ago
Economictimes May 12 2008 12:28PM GMT ... Source: seekingalpha.com --- 9 hours ago
Recap of Jim Cramer’s comments on Stop Trading! Friday May 9. Click on a stock ticker for more analysis. Circuit City (CC), Blockbuster (BBI): Cramer says CC is on life support and he doesn't know why BBI is thinking of taking it over. There is “no there, there,” he commented, adding investors are lucky to get rid of it at $5. Citigroup (C), AIG (AIG), J.P. Morgan (JPM), Goldman Sachs (GS): Cramer says he doesn't care how many people Citi fires, the stock is a loser, and is not performing. He added AIG is a disaster but JPM is doing well although it has done relatively little. GS is buying back stocks at a time other financials are desperately issuing more shares, and Cramer says this proves GS and JPM are better at what they do. Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and his Wall Street Confidential Picks. Complete Story » ...
Source: blogs.barrons.com --- 16 minutes ago
SanDisk (SNDK) shares are higher today following a bullish note on the company today from Citigroup’s Craig Ellis. Ellis repeated his Buy rating and $35 price target. He says that a mid-quarter check finds “positive EPS revision pressure is forming,” which is analyst-speak for “estimates might be too low.” He says retail inventories appear lean, tier-1 [...] ... Source: www.moneyextra.com --- 5 hours ago
Use your Citi Platinum MasterCard - charging 17.9% APR (variable) - and you can earn iTunes music points with your everyday purchases. You can then use these points for iTunes music downloads - or even save for an iPod nano! ...
Source: www.investmentnews.com --- 12 hours ago
... Source: www.bignewsnetwork.com --- 1 day ago
financial-services giant's (C) restructuring plan, outlined on Friday, the Nikkei reported. Citi has said that over three years, it will sell about ... Source: www.streetinsider.com --- 8 hours ago
Visit StreetInsider.com at http://www.streetinsider.com/New+Coverage/Citi+Assumes+Coverage+on+Ophthalmology+Names+-+ACL%2C+AGN%2C+COO+and+EYE/3634645.html for the full story. ... Source: dealbreaker.com --- 15 hours ago
We’re not suggesting in the slightest that Citi’s new-old slogan, “Citi Never Sleeps,” doesn’t strike us a tagline that would get Meredith Whitney going, “You know, I’m starting to think that those guys know what they’re doing over there,” but we have been wondering why the firm felt the need to rebrand itself as the posterchild for insomnia. The real reason is apparently that they simply couldn’t afford a new one, but as the C puts it, when you’ve got GOLD like “Citi Never Sleeps” just lying around, you go with it. Shortly after Vikram S. Pandit took over in December, he scratched the “Let’s Get It Done” slogan and ordered up the “Citi Never Sleeps” tagline. Though the phrase was introduced around the invention of the A.T.M. and 24-hour banking, Mr. Pandit thought it better promoted the bank’s global presence. “This is an extraordinary asset, and guess what, we own it,” said Ms. Caputo, who is also leading the new campaign. “It made all kinds of sense to bring it forth and advertise it.” Citi’s New Slogan Is Said to Be Second Choice [NYTimes] ... Source: sify.com --- 1 day ago
Equity markets in emerging and developed nations are well placed to shoulder the mounting pressure from rising levels of inflation as they are currently at attractive valuations, Citigroup says. ... Source: www.fwicki.com --- 11 hours ago
SAN DIEGO, May 12 /PRNewswire-FirstCall/ -- Neurocrine Biosciences, Inc. NBIX announced today that Neurocrine Biosciences will present at the Citi Investment Research Global Health Care Conference at the Hilton New York. The live presentation takes ... ... Source: www.fwicki.com --- 6 hours ago
Vikram Pandit. Citigroups new CEO, Vikram Pandit , plans to stick with a global banking model after months of intense review - but only after first shrinking the company by about one-fifth. The three-year game plan, revealed Friday, includes getting ... ... Source: www.topix.com --- 1 day ago
"These reductions will release capital that we could use in our other businesses" Financials stocks were mixed Friday afternoon as investors and analysts focused squarely on Citigroup Inc.'s much-anticipated next steps for turning the troubled Wall Street icon around. via MarketWatch ... Source: eclipse.skygazette.com --- 8 hours ago
NEW YORK (Reuters) - Citigroup said on Thursday that it plans to take $49 billion of structured investment vehicle assets onto its balance sheet, to prevent ratings downgrades of the SIVs and fire sales of their assets. Citi to take $49 billion in SIVs onto balance sheet ... Source: mysensex.com --- 4 hours ago
So much for Citigroup's legacy. The banking giant said Friday it will sell or run off at least $400 billion of the $500 billion in assets it identified as "not central" to its mission, including $170 billion worth of marked-to-market assets in its investment banking division. The balance sheet shrinking, which will take place over the next three years, is more than double the amount analysts expected. Vikram Pandit, Citigroup's (nyse: C - news - people ) new chief executive, is calling these "non-core" or "legacy" assets, and it's easy to conclude that he means all of the junk accumulated over the last few years of aggressive expansion into leveraged lending and structured finance at the direction of his predecessor, Charles Prince. For example, of the $500 billion in "legacy assets," $30 billion is in highly leveraged loan commitments, another $25 billion is toxic subprime collateralized debt obligations, and $55 billion is in off-balance-sheet entities that are highly illiquid. The rest are in real estate ($175 billion) and auto loans ($20 billion). Some of those assets are distressed and would be difficult to sell at the moment, if at all, even at steep discounts. And Citi is offering them at the same time rival Wall Street banks are shedding assets, making it all the harder to unload them quickly. Some other banks are creating "bad banks," or separate work-out funds, and moving distressed holdings off their balance sheets quic ... Find more search results for Citi on RSSMicro.com |
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Notable Calls submits:
Citigroup is out with a pretty huge call on Blockbuster (BBI) saying that despite widespread negative sentiment on BBI's proposed acquisition of Circuit City (CC), they believe the potential deal fits with management's current strategy and see compelling reasons for the merger.
Citi believes it is key to realize that a BBI-owned CC will likely look very different than Circuit City looks today as BBI integrates CC stores into its restructuring plans (including the potential addition of beverage and gaming lounges).
Complete Story » ...
Felix Salmon submits: Vikram Pandit still needs to do some work on the Vision Thing , I think. His big idea ,
as unveiled on Friday? Citigroup (C) is - wait for it - a "global universal
bank." At this point, he's perilously close to a tautology masquerading
as a strategy.
"Global universal bank," as a concept, is not entirely meaningless, however. It's just impossible to achieve. Complete Story »
...
Citi's Pandit Faces 'Impossible Feat'
MortgageNewsDaily.com Video News
BLOOM
May. 12, 2008. 11:23 PM EST
Citi's Pandit Faces 'Impossible Feat'-- says Oppenheimer and Co's Meredith Whitney.
Click Here To View Video News ...
We casually mentioned yesterday that perhaps Oppenheimer analyst Meredith Whitney ought cut the stand-up from her Citi reports, but only because we think her bits are much (more unintentionally) funnier when she lets the facts (“We’ve got a horrible slogan,” “We just lost a trillion dollars,” “We’re two quarters away from $10”) speak for themselves. But we got so caught up in the fact that she’d make a Stephen Hawking joke that we failed to notice that the dollar dominatrix seems to have sent the message that she’s done with big C entirely.
“We wish [Citi’s] management team all the best in their ambitious endeavors, but we fear [it] is past the point of fixing,” Whitney wrote. Does that not sound like a “Thank you and good night”? “You’ve been a great audience, but there’s really nothing left to say”? Where is she supposed to go from there? (She can't very well start recycling the dividend slashing routine at this point.) Obviously Whitney's grown weary of the 'group, and set her sights on a bigger challenge. We're thinking Merrill, but if you've got a better idea (JPMorgan), feel free to get it off your chest at this time.
Citi Is Beyond Repair [NYP] ...