| ||||||||||||||||||||||
| ||||||||||||||||||||||
Entries tagged "Citi"AIG stung by Citi analyst as markets inch upShares of AIG get pummeled as the Dow finished up 4.76, or .06%, to 8,183.17, while the Nasdaq closed up 5.38, or .31%, to 1,752.55. China to buy American?Four years ago America and China fought a major battle over Cnooc's bid for Unocal. Would the U.S. allow such a deal today? More talk about financial supermarketsThe papers were chock-full of talk about financial supermarkets Wednesday, provoked by speculation that Citigroup Inc. would go beyond dumping Smith Barney into a joint venture with Morgan Stanley and shrink by as much as a third. I can't think of any strategic trend in finance that attracts more loose declarations than the financial supermarket (or that's been declared dead more times, only to spring back to life). What are we talking about here? Definitions are hard to come by. As Holman Jenkins, in a smart column in Wednesday's Wall Street Journal, writes, the Ur-metaphor of the supermarket in financial... Jumbo banks and too-big-to-failIt's a pretty obvious observation, given what's now an accelerating consolidation of banking. But we're creating a massively consolidated banking sector, which makes too-big-to-fail just about the primary regulatory mission. ... Is this the end, or the beginning, of an 'independent' Wall Street?There's so much to write about, so much to think about, that it's difficult to sort out the important from the trivial, the stuff that matters from the stuff that will blow away and be forgotten. The big question -- what next? -- I'll leave to the fortune tellers among us. What's a lot easier to conclude -- everyone has -- is that Wall Street fundamentally changed this weekend. Obviously, the bankruptcy of Lehman Brothers Holdings Inc., the acquisition of Merrill Lynch & Co. and the attacks on Morgan Stanley and Goldman, Sachs & Co. seem to mark an effective... Merrill Lynch taps Citi alumJohn Thain continues to build his management team at Merrill Lynch & Co., and the latest hires is a new chief information officer. ... Citi, Morgan play roles in $12.8B Penn Turnpike dealLike troubled Wall Street firms, which are selling stakes to foreigners, the commonwealth of Pennsylvania is also tapping foreign money as a means to prop up its budget, as it has agreed to lease its turnpike to a Spanish firm. ... Reed, Weill and management as an immune systemSo who's to blame for the mess at Citigroup Inc.? Thursday, in a long post, we poked at a story in The New York Times full of simpleminded and, in some cases, wrong, assertions about the now 10-year-old Citibank-Travelers merger. The story was clearly an attempt to lay all the blame on now-retired Sandy Weill, which seemed a rather overly broad indictment given the complexities of the situation. Friday, in the Financial Times, however, John Reed, the former Citibank CEO and chairman who lost out to Weill in a boardroom struggle, surfaces to suggest that the deal "was a mistake"... The Times on Citigroup and Sandy Weill: Not dead yetNow I'm as happy as the next guy to beat the crap out of someone who's already staggering. But The New York Times' assault on Citigroup Inc. Thursday takes that to an absurd place. The piece, which purports to look at the big bank a decade after Sandy Weill (pictured at right) and John Reed merged Travelers and Citicorp, rides a big, simple idea -- Citigroup is a mess right now, effectively wrecking Weill's legacy and any notion of universal banking -- that's backed by a tissue of arguable-bordering-on-silly statements, some small and annoying, a few big and important. ... PE Pipeline: Clear Channel lenders turn outLenders for the $25 billion buyout of Clear Channel Communications Inc. by Bain Capital LLC and Thomas H. Lee Partners LP may be testing the market for pieces of its $22.1 billion debt package. The debt commitment by Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Credit Suisse Securities LLC, Morgan Stanley, Royal Bank of Scotland plc and Wachovia Bank contemplates $18.5 billion of senior secured credit facilities, a receivables-backed credit facility of up to $1 billion and a senior bridge facility of up to $2.6 billion. The debt-marketing period is 25 business days and probably began on or... Lululemon, BAA to change handsA yoga outfitter goes private, a U.K. wireless group rejects a low bid and a Hungarian Airport draws high offers. In a story exclusive to The Deal, Advent International Corp. is expected to announce today it has acquired sportswear company Lululemon Athletica Inc. for $195 million. Advent, along with participation from Highland Capital Partners Inc., a Lexington, Mass. private equity shop , took a 50% stake in the British Columbia-based company. This is the Boston private equity firm’s second venture in the sportswear arena – the company acquired European surf and skiwear outfitter Fat Face Ltd. in April – and... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Citi." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
 Deal Video
    Community
 Elsewhere on The Deal.comDealwatch
The Deal MagazineCorporate Dealmaker
The Deal VideoCategories
Blog roll
Archives
| ||||||||||||||||||||||
| ||||||||||||||||||||||
