UBS Hires Citigroup's Revsine as Derivatives Strategist
UBS AG hired Mitchell Revsine, an options strategist from Citigroup Inc., as the U.S. derivatives strategist in New York.
S&P Puts Bank of America and Citigroup on "Negative" Outlook
Standard & Poor's has revised the outlook for Bank of America Corp. and Citigroup Inc. to "Negative" from "Stable." For both companies S&P affirmed ratings.
McCann Upbeat about Brokers; Hoping for One Set of Rules
He believes there should be one and only one set of rules for all advisors, regardless of what type of broker-dealer or RIA arrangement they have.
Value investors start to bail
We revisit comments made by Craig Callahan, ICON Advisers founder and president, in last month's feature, "Where are top portfolio managers finding alpha?" Said Callahan, "In...
The Continuing Crisis in Auction Rate Securities
While news of trouble at monoline insurers seems to have slowed since February, the municipal bond sector still faces critical challenges. At risk in particular...
Citigroup Posts Results and Revamp
The stunning net loss of $9.83 billion reported for the fourth quarter by Citigroup Inc. (Citi) January 15, after writing down $18.1 billion in subprime and consumer credit exposures, underscores the depth and breadth of the credit and mortgage crisis.
Another Charitable Venture for Clients
Microfinance has been gaining popularity with investors as both a charitable cause and a smart alternative investment. A new fund from Citigroup Inc.--the Citi Microfinance Donor Fund--has created yet another way for philanthropists to meet up with poor entrepreneurs around the globe. In late June, Citi will launch a charitable...
Fund in Focus: AXP Threadneedle Global Equity
Dominic Rossi, lead manager since October 2003 S&P Rank: 3 Stars New Management Is Making Strides
Legg Mason Buys Citigroup's Asset Management Business
Legg Mason Inc (LM) and Citigroup Inc (C) announced a $3.7 billion deal under which Citigroup will trade substantially all its asset management business for...
In Parmalat Imbroglio, Citigroup Makes a Counterclaim
Citigroup Inc. announced that it has filed an answer and counterclaims to a lawsuit brought against it in August 2004 by Enrico Bondi, the man Italy has designated the "extraordinary commissioner of Parmalat."