Jun 09
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WSJ BLOG: Is Barclays The Best Buyer For Lehman Brothers? “We think some would have preferred a strategic buyer too.”

Posted by Heidi N. Moore
Lehman Brothers Holdings Inc. (LEH) has, so far, done everything right in order
to prevent an extended market panic: it announced its earnings early, came clean
about its first loss as a publicly traded company and showed it could be
well-capitalized by raising $6 billion in new capital: $4 billion [...]

Author: admin
Jun 06
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Justices Pare Holdings But Still Hold Numerous Stocks

Justices Pare Holdings But Still Hold Numerous Stocks
Last Update: 6/6/2008 3:06:17 PM
By Mark H. Anderson and Christina M. Wright
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–Several U.S. Supreme Court justices sold a handful of
individual stock holdings in 2007, but some justices continue to hold numerous
investments requiring recusals if appeals involving [...]

Author: admin
Jun 06
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Citigroup Receives 1st Round Of Bids For Primerica -Reuters

Citigroup Receives 1st Round Of Bids For Primerica -Reuters
Last Update: 6/6/2008 12:32:38 PM
DOW JONES NEWSWIRES
Citigroup Inc. (C) has received its first round of bids for its Primerica unit,
Reuters reported Friday, citing sources. The unit has drawn interest from life
insurance and private equity companies. The value of the unit is about $7 billion
and a deal could [...]

Author: admin
Jun 02
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Citigroup and related ratings taken off creditwatch and affirmed; outlook negative at S&P

S&P affirmed its ‘AA-/A-1+’ credit rating on Citigroup Inc. and its ratings on Citigroup’s units. Standard & Poor’s also said that it removed all these ratings from CreditWatch, where they were placed on April 15, 2008, with negative implications. The outlook on all these companies is negative. “Despite the challenges facing Citigroup over the next [...]

Author: admin
May 29
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Journal: New study shows Libor rates in doubt

Report: Libor may have been affected by low-balling dollar calculation
By Riley McDermid, MarketWatch
Last Update: 9:36 AM ET May 29, 2008
NEW YORK (MarketWatch) - Banking giants including Citigroup Inc., J.P. Morgan
Chase & Co. and UBS AG are contributing to erratic behavior in a major global
lending benchmark, The Wall Street Journal reported Thursday.
Citi (C), J.P. Morgan (JPM) [...]

Author: admin