Posts Tagged ‘Citigroup’

AN MBJ BANKING ANALYSIS: Weighing “Too big to fail”

by Published: August 12,2012

Tags: Citigroup, Glass-Steagall Act, Sandy Weill, too big to fail

It’s as if Johnny Appleseed suddenly developed a disdain for apples, says a banking and investment industry stunned by former Wall Street kingpin Sandy Weill’s condemnation of the marriage of depositor institutions and investment banking. After all, having the two tie the knot was Weill’s idea, they say, pointing to the former Citigroup chairman’s successful […] [...]

Education meets exposure — Millsaps partners with MBCI for entrepreneurial camp

“Marketing creates value,” Dr. Penny Prenshaw told a group of 12 Choctaw Indian high school students on the campus of Millsaps College last week. That was the primary lesson Prenshaw wanted to pass along during one of the sessions that made up the on-campus portion of the Youth Entrepreneurial Summer Camp offered by the Else […] [...]

Banks pledge $20 billion hike in lending to small business

Regions Bank, Wells Fargo and 11 other large banks have committed to increase lending for small businesses by a combined $20 billion over the next three years. The banks made the announcement at a press conference joined by Vice President Joe Biden and Small Business Administration Administrator Karen Mills John Asbury, head of Business Services […] [...]

Stocks climb after Citigroup tops forecasts

by Published: October 18,2010

Tags: Citigroup, dow jones, stock market

NEW YORK – An upbeat start to a busy week of earnings pushed stocks higher Monday. Citigroup Inc.’s better-than-expected results drove financial stocks higher, putting an end to a recent slide. The Dow Jones industrial average rose 36 points in midday trading. Citigroup said fewer of its customers defaulted on loans, an encouraging sign that […] [...]

Citigroup earns $2.15B as failed loans decrease

by Published: October 18,2010

Tags: Citigroup, foreclosures, real estate, stock market

NEW YORK – Citigroup Inc., one of the largest banks in the world, reported its third straight quarter of profit Monday in another sign that the American consumer is healing. The New York bank, which is still 12 percent owned by the government, earned $2.15 billion, or 7 cents per share, in the three months […] [...]

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