Entries tagged "Citigroup Inc. (C)"
Federal regulators have forced the bank to retain outside consultant Egon Zehnder to evaluate if the current management team is cut out to lead the bank out the crisis.
Citigroup is looking to sell or even close its private banking business in Italy and plans to lay off about 500 employees -- half of its staff in Italy -- by the end of 2009.
Huntsman Gay, where Young is a managing partner, has closed its first fund with $1.1 billion.
Following a strategy by Citi and AIG recently, UBS is reportedly selling a stake in a Manhattan real estate holding because of its need for cash.
Uncle Sam has been the top M&A dealmaker over the last six months, but will he have much to show for it?
