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Tag Archives: Citigroup
The Essential Need for Transparency
We recently learned that the U.K. financial institution, RBS, lost $41 billion. We also learned that Citigroup lost $8 billion. How are we to interpret these numbers? Would you be surprised if it was the reverse, with Citi losing $41b … Continue reading
Posted in Finance
Tagged Add new tag, Bank of America, Campbell Harvey, Citigroup, Financial Crisis, Mark to Market, RBS, Transparency
3 Comments
What Do We Do About Banks?
The government has dumped $45 billion of cash and back stopped over $100 billion in troubled assets for each of Citibank and Bank of America. Current market capitalization of Citi is about $17 billion and Bank of America about $27 … Continue reading
Posted in Finance
Tagged Add new tag, Bank Bailout, Bank of America, Campbell Harvey, Citigroup, Financial Crisis
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Here’s an Idea: Let’s Throw Some Good Money at Good
Once upon a time, there were three good banks: Bank of America, JP Morgan, and Citigroup. When the financial crisis started, these banks stepped up and seemingly did some favors for the government. JP Morgan acquired Bear Stearns (with some … Continue reading
Posted in Finance
Tagged Add new tag, AIG, Bailout, Bank of America, Campbell Harvey, Citigroup, Financial Crisis '08, TARP
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My View on the Bailout de Jour
I appeared on Business News Network November 24, 2008 to talk about how the U.S. tax payer got shafted by the deal to save Citigroup. While there is no doubt that federal intervention was necessary, the terms of the deal … Continue reading
Posted in Finance
Tagged Add new tag, Bailout, Campbell Harvey, Citigroup, Financial Crisis '08
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The Shroud of Citigroup
Image courtesy of flickr/Bill Barfield It wasn’t that long ago that Citigroup was considered a “good” bank. Remember October 1, 2008? Citigroup announced it was acquiring Wachovia with the help of the FDIC. You had to be strong to do … Continue reading
Posted in Finance
Tagged Campbell Harvey, Citigroup, FDIC, Financial Crisis '08, TARP, Treasury, Wachovia
4 Comments