Citigroup gets a black eye in Rusnak caper

15 01 2008

Citigroup gets a black eye in Rusnak caper

Posted by: admin in Today

Citigroup gets a black eye in Rusnak caper
Baltimore Sun - JUST WHEN you thought it was safe to walk down Wall Street again without two Dobermans to repel the white-collar muggers, Allied Irish Banks brings new allegations of misdeeds against Bank of America and Citigroup. OK, the purported transgressions

Citigroup down $9.8B on home loans
CNN - NEW YORK (CNNMoney.com) — Citigroup delivered some of the worst quarterly results in the company’s history Tuesday, reporting almost a $10 billion loss that fell much further than Wall Street had anticipated. The nation’s largest bank also announced

Asian stocks end lower as Wall St rebound fails to inspire - UPDATE
Forbes - Asian stocks ended lower Tuesday as investors remained unconvinced by Wall Street’s rally overnight as worries that the US economy might slip into a recession persisted. The regional markets changed course after opening firmer, indicating caution ahead

Futures point lower after Citigroup loss
Boston Globe - NEW YORK (Reuters) - Stock index futures fell on Tuesday, suggesting a lower begin for Wall Street, after Citigroup Inc reported a wider-than-expected quarterly loss. Citigroup’s quarterly results, which included a dividend cut, an $18.1

Merrill Lynch seeks $1bn from Japanese giant
Times On the web - Sources at Mizuho Financial Group told Times On the internet that the Japanese titan was in the final stages of securing a “major tranche” of preferred shares in the struggling Wall Street firm. The deal, say analysts, is likely trigger a series of similar

Singapore shares close sharply lower in line with regional fall on US
CNBC - SINGAPORE (Thomson Financial) - Singapore shares shut sharply lower Tuesday, tracking declines in regional bourses as fears of a US recession continued to lead the index selloff. Wall Street’s overnight rally failed to lift market sentiment, with

Greenspan to join New York hedge fund firm -WSJ
Forbes - NEW YORK, Jan 15 (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan is set to join hedge-fund firm Paulson & Co. as an adviser, The Wall Street Journal reported on Tuesday. New York-based Paulson, with assets of $28 billion, is set to

Wall Street facing rough session
CNN Money - LONDON (CNNMoney.com) — Wall Street braced for a tough day after Citigroup Inc. reported a almost $10 billion loss in fourth-quarter earnings. The financial giant Citigroup ( C , Fortune 500 ) reported an $18 billion writedown as part of a

Indonesian shares close sharply lower on US economic concerns - UPDATE
Forbes - JAKARTA (Thomson Financial) - Indonesian shares closed sharply lower after a volatile session Tuesday, with large caps heavily sold down on worries about the US economy. The market opened firmer driven by Wall Street’s rebound overnight but the gains

ELSEWHERE IN THE MIDWEST
Chicago Tribune - FTD GROUP: Shares of FTD Group Inc. jumped nearly 18 percent Monday after the Downers Grove-based provider of flowers and related products said its second-quarter results will top Wall Street estimates. The stock climbed $1.67, or 17.9 percent, to

Delta begins United-Northwest merger talks: report
CNBC - NEW YORK (Reuters) - Delta Air Lines Inc has started merger talks with Northwest Airlines Corp and United Airlines parent UAL Corp , and hopes to reach an agreement with one of them over the next two weeks, The Wall Street

It’s going to get worse
Globe and Mail - If you thought the third quarter was ugly for Wall Street’s biggest banks, wait until you see the carnage the fourth quarter has in store. With U.S. stock markets off to their worst begin in history as mortgage-related losses mount and recession