Posts Tagged ‘
Citigroup Inc ’
Nov 26th, 2008 |
By William Patalon III |
Category: Financial News
Consumer Confidence Climbs; Home Prices Record Plunge; Troubled Banks on the Rise; Oil Falls 7%; Slim’s Bank Buys Citi Stock; D.R. Horton Shares Vault
Tags: Case Shiller Home Price Index, Citigroup Inc, Consumer Confidence Index, Credit Suisse Group, Crude Oil Prices, CS, D R Horton Inc, DHI, Fdic, Federal Deposit Insurance, Group Ag, Grupo Financiero Inbursa, Phil Flynn, Stock Shares
Posted in Financial News |
Nov 20th, 2008 |
By Don Miller |
Category: Top Story
Expect more pain in the housing market next year, says Don Miller. Rising unemployment will keep the foreclosures coming. And as the backlog of inventories swells, Don says homebuilders still look ripe for shorting in this environment.
Tags: Chrysler Corp., Citigroup Inc, Deutsche Post Ag, DHI, Don Miller, Homebuilders, House Prices, house values, IHS, Investing in REITs, ITB, MCO, MHP, PHM, Realtytrac Inc, Reits, RYL, TOL, US Foreclosures, US housing crisis, WHR, YHOO
Posted in Top Story |
Nov 20th, 2008 |
By William Patalon III |
Category: Financial News
Embattled U.S. banking giant Citigroup Inc. (C) has agreed to buy back $17.4 billion of assets remaining in a series of funds known as structured investment vehicles, or SIVs, after it previously agreed to guarantee the liabilities in those funds.
Tags: BAC, Citigroup Inc, Credit Losses, Global Financial Crisis, Hot Stocks, JPM, Sivs, structured investment vehicle, US Jobless Rate, US stocks, USB, WFC, William Patalon III
Posted in Financial News |
Nov 18th, 2008 |
By Mike Caggeso |
Category: Financial News
Citigroup Inc. (C) today (Monday) unveiled plans to cut more than 50,000 jobs in the “near term” and slash expenses by 20% to preserve capital as it faces a global slowdown that’s expected to push well into 2009.
Tags: Bank Of America, Citigroup, Citigroup Inc, Credit Card Holders, Dow Jones, Fidelity Inv, Global Slowdown, Goldman Sachs, GS, JPM, Jpmorgan Chase, Mike Caggeso, Mortgage Market, Subprime Market, US unemployment, Wells Fargo, WFC
Posted in Financial News |
Nov 12th, 2008 |
By William Patalon III |
Category: Financial News
Fannie Mae (FNM) and Freddie Mac (FRE), the mortgage giants taken over by the federal government back in September, will lower monthly payments for hundreds of thousands of struggling U.S. homeowners as part of a plan to accelerate anti-foreclosure efforts, federal officials announced yesterday (Tuesday).
Tags: BAC, Citigroup Inc, Fannie Mae, FNM, FRE, home foreclosures, homeowner loans, JPM, MCO, subprime crisis, U S Treasury, U S Treasury Department, U.S. real estate crisis, WFC, William Patalon III
Posted in Financial News |
Nov 5th, 2008 |
By William Patalon III |
Category: Financial News
The U.S. Treasury Department plans to borrow a record $550 billion in the current quarter, and another $368 billion in the first three months of the New Year – money needed to fund the $700 billion bailout plan the government is using to battle the worst financial crisis since the Great Depression.
Wall Street bond traders estimate that the U.S. government will have to borrow a record $1.4 trillion during the current fiscal year – an unprecedented amount of debt that’s nevertheless needed to cover a federal budget deficit that’s expected to approach $1 trillion for the fiscal year, CNNMoney.com reported.
(The government’s fiscal year differs from the calendar year, and actually began Oct. 1. The $700 billion bailout plan was approved by the…
Tags: BAC, BK, Citigroup Inc, credit crisis, Ford Motor Corp, Gm, government bailout, GS, JPM, MS, STT, Treasury Bonds, US budget deficit, US national debt, US recession, us treasury, WFC, William Patalon III
Posted in Financial News |
Nov 5th, 2008 |
By Mike Caggeso |
Category: Financial News
Australia’s central bank took the hatchet to its benchmark interest rate Tuesday, cutting 75 basis points to 5.25%, the lowest since March 2005. Since the start of September, the Reserve Bank of Australia cut interest rates three times for a total of 200 basis points, in an attempt to insulate the economy from the global financial crisis.
Tags: Bank Of Australia, Citigroup Inc, Cpi Inflation, Economic Growth China, Global Financial Crisis, Inflation Rate, Mike Caggeso, Reserve Bank Of Australia, World Commodity Prices
Posted in Financial News |
Oct 30th, 2008 |
By Jason Simpkins |
Category: Financial News
Federal Reserve policymakers yesterday (Wednesday) reduced the benchmark Federal Funds rate to 1.0%, an aggressive half-percentage-point cut that central bank Chairman Ben S. Bernanke’s latest attempt to keep the widening financial crisis from tipping the world into a global recession.
Tags: American Taxpayers, Bank Of China, Bernanke, Citigroup Inc, Consumer Expenditures, Credit Markets, Federal Funds Rate, Federal Reserve Bank, Federal Reserve Policymakers, Global Credit, Global Recession, GS, Jason Simpkins, Market Turmoil, MER, NABZY, Rebate Checks, Tax Rebates, Weak Dollar, World Economy
Posted in Financial News |
Oct 27th, 2008 |
By Jennifer Yousfi |
Category: Financial News
Fear of a global recession is quickly becoming reality as world markets have lost $10 trillion in value in the month of October and the U.S. economy almost certainly contracted in the third quarter.
Tags: Citigroup Inc, Dow Jones, Global Recession, Global Stock Indices, Great Depression, Interest Rate Cuts, Msci World Index, MXB, Nasdaq Composite Index, Recession Fears
Posted in Financial News |
Oct 24th, 2008 |
By Shah Gilani |
Category: Financial News
It’s panic time for U.S. legislators, regulators, banks and lenders. More than $24 billion worth of adjustable-rate mortgages (ARMs) are expected to “re-set” to higher interest rates in November – boosting the likelihood of further home foreclosures.
Tags: Adjustable Rate Mortgages, Citigroup Inc, Corporate Debt, credit crisis, Debt Market, Global Debt, Hedge Fund Manager, home foreclosures, JPM, LEHMQ, Libor, London Interbank Offered Rate, Mortgage Rate, Shah Gilani, TRIN, Unsecured Money, Wholesale Money Market
Posted in Financial News |