The Banking and Strategy Initiative

Chillin' out till it needs to be funded

A chastised citi with a 58 billion Obama stake | Wsj.com

Deep coverage of Citi’s recovery plans are here at our US Economy focussed site

Citi divests non performing arms

Posted on August 5, 2009. Filed under: Bank StocksFinancial MarketsMeltdownTARP | Tags: ,Edit This

Citigroup plans to sell 20 businesses in consumer finance area, many of them located in Europe, its CEO Vikram Pandit said in an interview with Singapore’s Business Times.
He said the move was due to the shift in the consumer finance market where “there is less funding availability and they are probably less robust as businesses.” […]

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Tarnished Citigroup Looks Like It Could Shine Again – WSJ.com

Posted on August 4, 2009. Filed under: Bank StocksMeltdownObamanomicsUS | Tags: Edit This

Citigroup has been garnering investor interest amid optimism on Wall Street that the worst is over for the beleaguered banking company.
Citi shares have been pounded in the past two years, falling to around $3 from $55 because of heavy losses and a huge increase in its shares outstanding as a result of a $58 billion […]

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