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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 [...]

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 [...]

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) [...]

LONDON (MarketWatch) — Citigroup , WestLB, HBOS JP Morgan Chase & Co. , and UBS
, have reported significantly lower borrowing costs for the London interbank
offered rate, or Libor, than what another market measure suggests they should be,
The Wall Street Journal reported Thursday. That’s led to Libor acting as if the
banking system was in better shape [...]

NEW YORK (Dow Jones)–The $20 billion in capital raised by American International
Group Inc. (AIG) may not be enough for both itself and its troubled subsidiaries,
an analyst told clients Wednesday.
Citigroup analyst Joshua Shanker said the giant insurance holding company may
have to funnel the capital it’s already raised into its AIG Financial Products
Corp. subsidiary, the unit that [...]