Posts tagged as:

Citigroup

American Public Wins in House over Credit Card Banks

April 30, 2009

Perhaps, it was the November election of President Barack Obama that helped wake up Congress.  Or, perhaps the banks are short of lobby cash to pay off the reps and senators.  Or, perhaps change is really happening.
Whatever is going on, the House of Representatives slapped the banks and bankers today when they voted on some [...]

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Citigroup Spends $10 Million to Redecorate

March 19, 2009

So, where is the outrage?  This evening it was announced that Citigroup is spending $10 Million to redecorate the executive offices.  Yep!  That’s the same Citigroup that took billions in taxpayer dollars, tried to buy a $50 Million French airplane, and is behaving like a child who broke into the piggy bank.
Of course, the excuse [...]

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Stocks Up as Citigroup Says It Is Making Money

March 10, 2009

Is this what the world has been waiting for?  Probably not, at least not enough to change the economy for most of us but today the stock market rallied around the news that Citigroup is making money again. 
Investors were encouraged on multiple fronts: assurances that the financial system was under improvement from U.S. Federal Reserve [...]

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Citigroup Approaches Penny Stock Level

March 2, 2009

According to most investors, generally speaking a penny stock is one that sells for less than $1.00.  Well, Citigroup at the minute is selling for $1.18 a share.  Of course, others define penny stocks as stocks from small corporations that have a low selling price.  That would eliminate Citigroup.
Who would have thought that the “too [...]

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Citigroup Surviving on Mental Masturbation and Tax Dollars

February 22, 2009

Fighting the idea of nationalization on all fronts, just the mention of the concept scares investors off and makes the granite halls of the Wall Street banks shake as if an earthquake is about to hit.  The present administration… President Obama… says that it (he) prefers private investment and so on.
However, according to the Wall [...]

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A Gallon of Gas or a Share of Citigroup?

February 20, 2009

A gallon of gas costs between $1.73 and $1.99 locally these days.  When I checked the stock market slide for today I noticed that Citigroup closed at $1.95.  For a minute I pondered the options.  Should I invest $20 to buy about 10 gallons of gas or should I buy 10 shares of Citigroup? 
Well, it [...]

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B of A, JPMorgan, Citi Lend Billions

January 26, 2009

Today it was announced that Bank of America, who just begged $20 Billion from the taxpayers through the TARP program, is back in the lending business along with Citigroup that just purchased a new $50,000,000 French made Jet, and JP Morgan Chase.  Don’t get your hopes up.  They aren’t lending to Main Street Americans.  Instead, you [...]

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Geithner Confirmed Not a Minute Too Soon

January 26, 2009

By a vote of 60 to 34, Timothy Geithner was confirmed as the new Secretary of the Treasury.  In other words, we will be looking to him to “fix” the crisis.
While Americans are suffering from job losses… another 40,000+ just today, it seems that our TARP money is buying a new jet.  Maybe we can [...]

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Citigroup with a Small “c”

January 14, 2009

It seems that the giant that we could not let fail, Citigroup, is imploding despite the $300+ Billion in guarantees and the Billions in transfusions.
Citigroup CEO Vikram Pandit is finally dismantling the house that Sandy Weill built, but will the businesses that remain form a durable, well-integrated player? Or will the remaining parts be so [...]

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New Jobs at Citigroup in Singapore

November 24, 2008

Well, there may be over 50,000 layoffs stateside, but if you are willing to move to Singapore…
http://singapore.recruit.net/company-Citigroup-jobs

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