Vikram Pandit, chief executive of Citigroup, has snatched some of Jamie Dimon’s market momentum. Mr. Dimon, who runs JPMorgan Chase, has lately been setting a comforting tone for the sector’s earnings. But growing foreclosure-related fears overshadowed his bank’s latest decent results. Now, his counterpart at Citigroup seems to be the one reassuring investors.
Not that Citi’s [...]
Posts Tagged ‘us tax’
Citi’s Good News Proves Reassuring
October 18th, 2010 by Financial Writer
Tags: business, european economy, Federal Reserve, financial markets, foreclosure, mortgage lenders, us tax
more...Treasury Sale of Citigroup Shares Slowed Amid June Market Slump
July 1st, 2010 by Financial Writer
The U.S. government’s sale of Citigroup Inc. shares slowed last month as the bank’s share price tumbled 5.1 percent amid a stock-market slump.
The government sold 1.1 billion shares from May 27 through June 30, according to a Treasury statement today. The sales, which are being managed by Morgan Stanley, generated proceeds of about $4.3 billion [...]
Tags: banks, citigroup, economists, financial system, investment, money, stock market, us economic, us stocks, us tax
UBS makes Q4 profit, but withdrawals continue
February 9th, 2010 by Financial Writer
Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts’ expectations partly thanks to a tax credit, but said rich clients’ withdrawals had continued.
The result is a significant swing from last year, when the bank reported a net loss of 9.58 billion francs in the fourth quarter. [...]
Tags: banks, future business, new money, q4, ubs, us tax