Posts Tagged “Citigroup”

Big bank profits are bogus! Massive public deception!

by admin on April 20, 2009

Nation’s banking troubles are many times more severe than the authorities are admitting. Six of America’s Largest Banks at Risk of Failure

Citigroup Stock Costs Less Than Their ATM Fee

by admin on February 28, 2009

Citi was indeed in talks with the US government in a deal which could result in a 40% stake in the failing bank. Today, the deal was finalized and the US government will convert it’s preferred shares into common. Dilution of common shares are expected to be as high as 75%

Gone in 60 Days: Citi and Bank of America Won’t Live to See May

by admin on February 20, 2009

Citigroup (C) and Bank of America (BAC) won’t live to see May. The government will take them over within the next 60 days. The announcement may come as soon as tomorrow evening

Warning: Megabanks Could Fail Despite Federal Aid

by admin on January 26, 2009

Right now, after recent close calls with instant death, these two megabanks are on life support, receiving massive transfusions of government capital. But they’re still hemorrhaging, and no one in Washington has found a cure.

Citigroup scandal engulfs Robert Rubin and Chuck Prince

by admin on December 4, 2008

A new Citigroup scandal is engulfing Robert Rubin and his former disciple Chuck Prince for their roles in an alleged Ponzi-style scheme that’s now choking world banking

Obama Chooses Wall Street Over Main Street

by admin on November 26, 2008

Barack Obama’s picking the very folks who helped get us into this financial mess to now lead us out of it
.The deregulation pushed though during the Clinton years ended transparency in banking

Look Out Below – Giant Citi Collapsing Fast

by admin on November 20, 2008

Citibank is (or at least until recently was) the largest bank in the world. Its parent – Citigroup – was the largest financial services companies in the world. Christopher Whalen, head of Institutional Risk Analytics predicts that “Citi will be controlled by the U.S. government by next year, and that the next logical step will be to break up the bank and sell the assets.”

US banks fear $5 trillion balance impact

by admin on June 5, 2008

Accounting changes could force US banks to take thousands of billions of dollars back on to their balance sheets in the coming months in a move that is likely to curb further their lending and could push them into new capital raisings, analysts have warned.

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