New York Times:
Investment funds are buying mortgages, trimming some of them to the benefit of homeowners, and shifting any risk to the federal government.
. (Read More)
New York Times:
Investment funds are buying mortgages, trimming some of them to the benefit of homeowners, and shifting any risk to the federal government.
. (Read More)
Information Arbitrage:
"Too Big To Fail." "Shrink Wall Street."" Ban credit default swaps." These are just a few of the themes dominating the discussion around the Wall Street business model. They all, unfortunately, miss the point. Size, scale, an (Read More)
New York Times:
Investments funds are buying blocks of mortgages, trimming the size of some of them to the benefit of homeowners, and shifting any risk to the federal government.
. (Read More)
Huffington Post:
NEW YORK — For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly spending requirement.Those who meet the spending minimum – in some cases $750 a month – will be (Read More)
Wall Street Journal:
MADRID (MarketWatch) -- German pharmaceutical and chemical company Merck KGaA was downgraded to hold from buy on Friday at Citigroup, which said the risk-reward looks evenly balanced. The rejection of Erbitux by the Committe (Read More)
New York Times:
If Terra Firma were to let EMI default on its debts, Citigroup could offer the company to Warner, which has long coveted the music label.
. (Read More)
www.msnbc.msn.com:
For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly spending requirement.
Credit card - Citibank - Citigroup - Business - Financial services. (Read More)
Financial Sector and Stocks Analysis from Seeking Alpha:
William Kabourek submits:Investors in financial shares have fared well this year, as almost all are significantly higher than their March lows. Those that bought shares near the lows have obviously fared better than the origi (Read More)
The Guardian:
Reckitt Benckiser, the Cillit Bang and Dettol group, has bucked a falling market following reports it was close to announcing a major deal.A merger with US group Colgate Palmolive was one suggestion, as was a takeover of Dure (Read More)
Reuters: Mergers News:
TOKYO, Nov 19 (Reuters) - Bain Capital, which earlier thisweek announced a $1 billion acquisition of Bellsystem24 fromCitigroup Inc , said it would look to list the Japanesetelemarketer when it is ready to exit its investment (Read More)
Reuters: Deals:
TOKYO (Reuters) - Bain Capital, which earlier this week announced a $1 billion acquisition of Bellsystem24 from Citigroup Inc , said it would look to list the Japanese telemarketer when it is ready to exit its investment. (Read More)
The Guardian:
Reckitt Benckiser, the Cillit Bang and Dettol group, is leading the FTSE 100 risers following reports it may be caught up in the latest round of merger fever.It has long been tipped as a predator for Durex maker SSL Internati (Read More)
The Guardian:
SABMiller should soon begin to benefit from cheaper prices for key ingredients like barley as well favourable currency movements, the world's second biggest brewer said in its latest update.Its half year results showed a 2% d (Read More)
Reuters: Private Equity:
Nov 19 (Reuters) - Blackstone Group and other private
equity firms have held informal talks with Citigroup Inc
over its auto loan unit CitiFinancial Auto, the New York Post
said, citing sources.
. (Read More)
Reuters: Deals:
(Reuters) - Blackstone Group and other private equity firms have held informal talks with Citigroup Inc over its auto loan unit CitiFinancial Auto, the New York Post said, citing sources.
. (Read More)
NY Post:
Several big-name buyout shops have held informal talks with Citigroup about buying the struggling bank's auto-loan business, whose outlook is improving as the car business recovers, The Post has learned. (Read More)
Wall Street Journal:
HONG KONG (MarketWatch) -- Hong Kong shares declined for a third straight session in early trading Thursday, tracking U.S. stocks lower although mainland Chinese stocks' advance for a fifth straight session limited losses. Th (Read More)