NEW YORK--(BUSINESS WIRE)--Citigroup Inc. today announced the effectiveness of its 1-for-10 reverse stock split of Citigroup common stock as of 4:10 p.m. Friday, May 6, 2011. Shares of Citigroup common stock will begin trading …
Citigroup (NYSE: C) has done a lot over the past decade to streamline its operations and reduce risk, but it's still one of the riskiest banks you can invest in. One place this shows up is in Citigroup's source of funds. To understand this, it's …
A defiant Citigroup proclaimed itself in good health yesterday even as its stock price completed a one-week, 60 percent swan dive, highlighting renewed investor concern about the long-term prospects of the nation's largest banks. Lenders …
Citigroup surprised Wall Street on Thursday with news that it was considering a bit of financial gymnastics to raise its sunken share price. The financial giant said it might execute what is known as a reverse stock split — the market …
UBS O'Connor, the $5.7 billion hedge fund unit housed by UBS, has hired former Citigroup trader Kevin Russell to be chief investment officer, according to people familiar with the matter. He will join the firm in January and report to Dawn …
We just came across this squib from earlier this week in a note from Barclays Capital analyst Jason Goldberg. “With the government now out of its common equity stake, we wonder if [Citi] announces its long awaited reverse stock split in …
Rating agencies and preferred stock investors, while using different methods, usually judge the investment risk of a preferred stock with little disparity. Where agency ratings come in the form of a quantitative rating on a scale, investors’ …
This $7.5 billion investment from ADIA was going to convert in a little over two years into approximately 235 million publicly traded common shares of Citigroup stock, diluting all other shareholders. Despite these facts which called for …
The other event went unnoticed: In Brooklyn, Sandy Weill's mother gave birth to ... a star telecom analyst at Citigroup's Salomon Smith Barney subsidiary, to "take a fresh look" at AT&T's stock rating. What Weill had to gain from leaning …