Entries tagged "Celent"
Citigroup's portfolio is 'a toxic mess that is going to continue to be an albatross around the healthier parts of Citi,' Celent's Bart Narter tells Dealscape.
Celent's Jacob Jegher says the alleged theft by Goldman Sachs Group's employee Sergey Aleynikov should raise some red flags for all banks on Wall Street.
The first-quarter results may have slowed Ken Lewis' detractors' momentum on the Merrill acquisition, but MBNA and Countrywide may have given them new ammunition.
Celent analyst Isabel Schauerte says to expect some major restructuring at Morgan Stanley in 2009. Along with the announcement of its fourth-quarter losses of $2.37 billion -- a tad more than expected by analysts -- came a plan to trim $2 billion through restructuring, including compensation cuts. But that's not all we can expect. ...
It's mine. No, it's mine. Is this what banking has come too: a game of tug-o-war?For a moment Citigroup Inc. was set to become the largest bank again, but then Wells Fargo & Co. agreed to buy Wachovia Corp. for $15.1 billion, busting up its arranged marriage to Citigroup. Then, Citigroup released a statement demanding that Wells Fargo and Wachovia immediately terminate their merger agreement due to a "breach of an exclusivity agreement between Citi and Wachovia." So now what? Bart Narter, SVP of the Banking Group at Celent, offered Dealscape some perspective. "The ball is in Citi's court. They...
