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Citigroup flop exposes folly of empire-building - Thanhnien
Sandy Weill never dreamed Citigroup Inc. would end up as a ward of the government. When he merged Citicorp and Travelers Group Inc. in 1998, Weill envisioned the ultimate financial-services empire – peddling checking accounts, stock brokerage ...

Citigroup Gets Guarantees on $306 Billion of Assets (Update3) - Bloomberg
Nov. 24 (Bloomberg) -- Citigroup Inc. , facing the threat of a breakup or sale, received $306 billion of U.S. government guarantees for troubled mortgages and toxic assets to stabilize the bank after its stock fell 60 percent last week. Citigroup ...

Citigroup Flop Exposes Folly of Empire-Building: David Pauly - Bloomberg
Nov. 25 (Bloomberg) -- Sandy Weill never dreamed Citigroup Inc. would end up as a ward of the government. When he merged Citicorp and Travelers Group Inc. in 1998, Weill envisioned the ultimate financial-services empire -- peddling checking accounts ...

Lorain nearer decision on LCCAA - Chronicle-Telegram
LORAIN — A revised option to buy the Lorain County Community Action Agency’s mortgages on two buildings downtown and then lease them back to the agency was re-introduced to city officials on Monday night, and Mayor Tony Krasienko is in favor of ...

Singing the blues - Economist.com
WHEN Citigroup was formed a decade ago, in a merger that reshaped banking, the deal’s architect, Sandy Weill, basked in the limelight and admitted to feeling like a rock star. The boss these days, Vikram Pandit, must feel more like a busker ...

Why Citigroup Imploded - Seekingalpha.com
Brad DeLong and Prince Alwaleed both have theories on why Citigroup ( C ) imploded as it did. Brad thinks its a combination of factors -- bad modelling of tail risks; bad modelling on the subject of house prices; an unprecedented spike in risk ...

Desperate retailers hang 'sale' sign out - News.com.au
Competition ... retailers are pulling out all stops to get consumers spending. Retailers start sales early Stores battle to compete with online sales Competition intense, say experts CHRISTMAS store wars have come earlier and been more intense than ...

Real estate a trap for metro Atlanta couple - Atlanta Journal Constitution
When housing was hot and credit easy, Nadege Adam and Jude Valles gorged. Together and separately, the couple bought a five-bedroom house in Smyrna, a condominium in Smyrna for his mother and another condo at an intown development that was creating a ...

Real Estate Transactions Nov. 24 - Columbian
Residential real estate transactions over $150,000 filed with the Clark County Assessor from Oct. 16-31. The information includes seller’s name, buyer’s name, property location, description, price and closing date. Listed below are some of the ...

Citigroup rescued from losses, toxic assets - The Age
Citigroup received a US government rescue package that shields the bank from losses on toxic assets and injects $US20 billion of capital, bolstering the stock after its 60% plunge last week. The second-biggest US bank by assets surged as much as 72.4 ...