citi never sleeps- except when it heads for the dirt nap

  • 13 Aug 2009 at 1:25 PM

Light The Arrows!

By Bess Levin

How’d you like to get this on your “360 Review?”:

Citigroup “did not manage its business in such a manner as to provide the level of service and security necessary for any security broker and the plaintiff to attract and/or retain clients,” he wrote. The bank was “unstable, mismanaged and not a secure place for” his clients, “as can be seen from the value of defendant’s stock today.”

Ah, hindsight is 20-20. Nay?
Sure, this missive issued from a member of the Plaintiff’s bar, but you just have to like an article that manages to cut Castle Vikula’s supply line, lay a devastating siege and begin tunneling under the north wall all in about three sentences.
Nice.
Citigroup Sued Over Signing-Bonus Loans by Broker [Bloomberg]

  • 02 May 2009 at 9:43 AM

Dealbreaker Weekend Edition: Citi Suction

By William Richards

Remember no one “fails” a stress test. You just fail to avoid needing massive cash injections. So, when the Wall Street Journal announces that Citi is going to need $10 billion, “as the government continues negotiations with banks over the results of its so-called stress tests,” that is absolutely not in any way a “failure.” And you shouldn’t read anything into the fact that the results of the “stress tests” are negotiable. Nothing at all.
And you conspiracy theorists should see absolutely nothing at all wrong with the fact that clicking on the link on the front page of the Wall Street Journal gets you a “page not available” error.
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