Entries tagged "Oppenheimer"
When Florida's BankAtlantic Bancorp sued analyst Richard Bove for defamation a few weeks back, it scored a bit of a PR coup. Though the suit didn't seem to have any real merit, it provided BankAtlantic with an avalanche of media coverage through which it could publicly dispute its inclusion on Bove's now infamous list of possible bank failures. But the downside of the bank's communications strategy became evident earlier this week when it posted its fourth consecutive quarterly loss and announced plans to raise some $55 million in capital. The headline on one story on the news: "Bank that's...
As if Citigroup Inc. isn't facing enough challenges right now, OppenheimerFunds Inc. analyst Meredith Whitney apparently is through with Citi. "We wish [Citi's] management team all the best in their ambitious endeavors, but we fear [it] is past the point of fixing," Whitney wrote. For more see Dealbreaker. - Maria Woehr...
