Results tagged “citigroup” from Dealbreaker

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The House Of Pandit Is A Buy

Just when you think there is a limit to laughable bullish calls, Dick Bove wakes up on a Friday and says Citi, "the only truly international bank in the world", is a buy. Among Bove's reasons for putting your $3...

Citi Able To Sell Notes Without Safety Net

The demand for risk must really be back. Citigroup was able to sell $1 billion in notes today without the FDIC guarantee. A nice victory for Team Vik. Citigroup Sells $1 Billion of Notes Without U.S. Guarantee [Bloomberg]...

Play Ball!

If you ever needed a clearer example why we don't want e.g., the House of Representatives making investment decisions, this is it: NBC has obtained a letter signed by six house Representatives from New York State sent to Timothy Geithner,...

Kanye West: Citigroup And Bank Of America Don't Care About Black People

Speaking of Kanye: When the TARP was presented to Congress, Secretary Henry Paulson and others argued that the situation was dire, and that the failure of major financial institutions posed a systemic risk to our economy. The stated goal was...

Fortress Makes Sure Someone's Doing Better Than Cheeseball Rockstars

How's your PnL looking so far this year? Happy your long dollar position is starting to look good? Or are you annoying your b-school alumni affairs office asking them to post more jobs for experienced grads (Hey, Columbia, are you...

How To Think About The Zoe Cruz Ousting, Part II: Vikram and His Voodoo

Those who’ve been paying attention will recall that we love us some Vikram Pandit. He, of that happy, gay, elfin visage; he, of that infectiously intoxicating laughter/unbridled joy even in the face of phenomenal failure; he of that smile that...

In Other News, Citi Plans to Rename Its Quarterly Conference Call With Analysts to 'Lil' Vik's Happy Talk'

Most people (or at least those who study hedge funds as closely as I do, which is to say “HF Experts”) agree that Old Lane has been among the most disappointing shops (“non blow up” category) in recent memory. So...

Buy, Hold, Sell, Subjugate

Very exciting news for those of you like your analysis spicy, and delivered with whip and chain: your favorite analyst, and mine, has been promoted! Oppenheimer dollar dominatrix Meredith Whitney was made an MD yesterday. This means two things: the...

Meredith Whitney Ups Her Own Ante

In a move which can only be deemed totally out of character, Oppenheimer analyst Meredith Whitney wrote in a new research note that things are looking good for Citigroup, and estimated an increase in profits by $2.00 a share for...

Raze the Citi

You know things are bad when Big Fucking Goon Of A Bank Citi is getting rid of businesses. You might even call it the "end of an era," if you were an account exec with the 'group prone to cliches...

In Case You Were Wondering

Citigroup has been ruled out as a potential buyer of Bear Stearns. Related. Who Could Buy Bear Stearns? [DealBook]...

"You Have Any Idea How To Work This Thing?"

"No, you?" "No, I just said I didn't." "No, you asked me if I knew how to work it, you didn't say anything about you." "Fine, I don't know how to work it either." "Well, what should we do?" "I...

He's Still Having A Good Smirk About Yesterday

Just thought I'd share. Earlier: How to Think About I-Bank CEOs, Dumb-Money Arabs and Their Sitcom Counterparts...

Meredith Whitney Is Extremely Impressed

You know, you get rid of Chuck Prince and the humility at Citigroup just comes a flooding through. The bank which, as you know, has lost hundreds of billions of dollars, has gotten rid of one of its corporate jets...

How Did KKR Financial Become A Buyout Loan SIV?

Another day, another crisis in the credit markets. KKR Financial, which is a publicly traded investment vehicle run by Kohlberg Kravis Roberts, made headlines this morning when it asked for a restructuring of billions of dollars in short-term debt. Apparently...

The Auction Failure: Wall Street Execs Feel The Pain

Yesterday we pointed out that the freeze-up in auction-rate securities could lower demand for equities as many individual investors found their investment assets essentially locked into these suddenly illiquid bonds. But it's not just the clients of brokerages who are...