Vikram Pandit

Investment Banking Unit Could Simply 'Wither & Die'

The smart money still thinks that the US government's bailout of Citi is just likely to buy the company time so that it can formulate a plan to break itself up. Despite CEO Vikram Pandit's wish to keep the empire largely...

Bank "went wrong" in real estate: Citigroup CEO

NEW YORK (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...

Citigroup proves big isn't better

Sandy Weill never dreamed Citigroup Inc would end up as a ward of the government. When he merged Citicorp and Travellers Group Inc in 1998, Weill envisioned the ultimate financial-services empire - peddling checking accounts,...

Part of the Solution: A Brave New Bailout (at Minyanville.com)

As leveraged assets go down in value, the leverage multiples go up. The difference in dilution between today's government intervention (and the Capital Purchase Program) and the interventions during the September Slaughter is...

With $27-bn worth shares, US gets only 7.8 pc of Citi

The US will own shares worth USD 27 billion and would be paid an estimated USD four billion in annual dividends for rescuing Citigroup, but it is still far away from being called nationalistion of the banking behemoth, where...

Citi's Helping Handout; Did Banks Sabotage Morgan? (at Barron's Online)

News and commentary about the stocks you need to know about today Citi’s Helping Handout; Did Banks Sabotage Morgan? Government Handout, um, Bailout to Citigroup Introduced The Citigroup rescue plan is in, apparently arranged...

Synthetic CDO Reference Entities

From Alan Kohler at Australia’s Business Spectator: It offers a highly-rated, investment-grade, fixed-interest product paying a 1 or 2 per cent premium. Those investors who bother to read the fine print will see that they will...

Who Is To Blame For Citi?

Apparently that is the question to be asked/answered/debated/shouted about among people who like to self-gratify to the sound/sight of their own words today. Since that, too, is a fetish of ours and yours, we'll get on board....

US govt's bailout of Citigroup brings new hope for mkt

Rajdeep Sardesai Maharaj or Dada, Ganguly's legacy lives on New York: The US government’s massive bailout of Citigroup had an instant impact on the stock market. The blue chip index surged 400 points, and Citigroup's stock,...

Vikram Pandit & the TINA factor

New York/London: Vikram Pandit may thank the TINA (There Is No Alternative) factor for still being in job as Citigroup CEO, as the U.S. government reportedly did not push for his ouster in its rescue package for the troubled...