#1 Fresh Live Leads : EST 2006
Reuters - Citigroup Inc named former Time Warner Inc Chief Executive Richard Parsons as its chairman, the latest high-level personnel change to shake a U.S. bank clobbered by the credit crunch.
Reuters - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer said in a regulatory filing on Tuesday.
Reuters - The U.S. government should provide a federal guaranty to meet American International Group Inc’s counterparty collateral requirements, the insurer’s former Chief Executive Maurice Greenberg said.
LONDON–(Marketwire - November 28, 2008) - Acergy S.A. (NASDAQ: ACGY) (OSLO: ACY) issues this
Pre-Close Trading Update and Outlook ahead of results for the fourth
quarter ended November 30, 2008, which are expected to be announced on
February 18, 2009.
2008 Pre-Close Update
The group is expected to deliver up to $2.9 billion of net operating
revenue.
The Adjusted EBITDA(a) margin [...]
Reuters - Former U.S. Treasury secretary Robert Rubin said the near-collapse of Citigroup Inc , where he is a senior counselor, was due to the buckling financial system and not his own mistakes, according to an interview published on The Wall Street Journal’s website on Friday.
Reuters - Former U.S. Treasury secretary Robert Rubin said the near-collapse of Citigroup Inc , where he is a senior counselor, was due to the buckling financial system and not his own mistakes, according to an interview published on The Wall Street Journal’s website on Friday.
Citigroup CEO Vikram Pandit said short sellers and plummeting confidence in the financial system are to blame for the plunge in Citigroup's stock last week. In an interview with the Charlie Rose Show, Pandit said his company is not too big to manage…(read more)
Reuters - Citigroup Inc Chief Executive Vikram Pandit on Tuesday blamed prior management for diving too deeply into real estate, causing losses that led to this week’s massive government bailout of the second-largest U.S. bank by assets.
Reuters - American International Group Inc says it has completed completed a $40 billion preferred stock sale to the U.S. Department of Treasury under TARP.
Yet another special interest group is lining up to ask for a share of the seemingly bottomless Washington cornucopia according to an article Monday morning in The Wall Street Journal. The National Association of Homebuilders (NAHB) is ramping up a campaign…(read more)
Reuters - The U.S. rescued Citigroup Inc, agreeing to shoulder most losses on about $306 billion of the bank’s risky assets, and inject new capital, bolstering investor hopes that the government will support big banks as the economy sinks into recession.
Reuters - Stocks soared on Monday, capping the best two-day run since the aftermath of the 1987 stock market crash, as the government’s decision to rescue Citigroup spurred an enormous relief rally.
Reuters - Stocks extended gains on Monday, sending the S&P 500 up more than 5 percent, as a government rescue of Citigroup calmed jittery investors and President-elect Barack Obama officially announced his economic leadership team.
Reuters - The U.S. government moved to bail out Citigroup Inc, agreeing to shoulder most potential losses from $306 billion of its toxic assets and inject $20 billion of new capital, its biggest effort yet to prevent a big bank from failing.
Reuters - The U.S. government agreed to a $306 billion rescue plan for Citigroup Inc, agreeing to shoulder some losses from toxic debt in the latest attempt to bolster a financial services industry in turmoil.
Reuters - President-elect Barack Obama is consider delaying a campaign promise to roll back tax cuts on high-income Americans and Washington is mulling further support for Citigroup Inc in the latest efforts to contain the worst global economic crisis in 80 years.
Reuters - Citigroup Inc is looking at putting risky assets in a government-supported “bad bank” — a step to reassure investors that the rest of its assets were safe, reports said on Sunday.
Reuters - From the 200 jobs cut at Air New Zealand to the 52,000 heading out the door at Citigroup, unemployment is on the rise around the world, straining government efforts to corral the credit crisis.
Reuters - Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank’s ability to survive, a person familiar with the matter said.
Reuters - Citigroup Inc Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health and investor confidence, but shares still tumbled for a fifth straight day.
Reuters - U.S. stocks fell into negative territory on Friday as shares of financials including Citigroup declined and investors worried about the deepening economic slump.
Reuters - Citigroup Inc shares tumbled for a fifth straight day, as Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health and investor confidence.
Citigroup is reportedly considering a merger with financial institutions Goldman Sachs or Morgan Stanley , according to a CNBC report. Citigroup's stock is rising in after hours trading, up $0.26 to $4.97, but earlier today the stock closed down sharply…(read more)
Global audience and content network Adconian Media Group has acquired KTV Digital Media, a production studio and operator of video destination sites. Together the companies will form their own content development and syndication arm to be called RedLever.
Reuters - Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.
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