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CommonBond Announces $168 Million Loan Securitization
Friday, October 21, 2016 - 4:35pm | 467Read More...Signs of maturity in the fintech boom are surfacing. Regulators now speak of sandboxes and national charters for fintech companies, and some of the young guns on the scene are starting to add more features to their products. Now, a large fintech lender is getting recognition for the quality of its...
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John Mack on Pandit: Clearly There Was Unhappiness With the Board
Wednesday, October 17, 2012 - 2:04pm | 1570Read More...John Mack, former chairman and CEO of Morgan Stanley, spoke with Bloomberg Television's Erik Schatzker and Stephanie Ruhle on "Market Makers" about Vikram Pandit's departure from Citigroup, saying that "there was a view clearly by shareholders that change was a good thing." Mack said, "clearly...
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Benzinga Mid-Day Market Update
Tuesday, October 16, 2012 - 1:40pm | 612Read More...Midway through trading Tuesday, the Dow traded up 0.92 percent to 13,547.31 while the NASDAQ rose 1.08 percent to 3,097.40. The S&P also rose, increasing 0.97 percent to 1,454.15. As a heads up for this week, pharmaceutical stocks are set to be even more volatile than normal leading up to an...
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Citi's Pandit Leaves, Is His Job Done or is He Leading a Rush for the Exit?
Tuesday, October 16, 2012 - 9:25am | 356Read More...Tuesday's surprise announcement of the resignation of Citigroup (NYSE: C) CEO Vikram Pandit and COO John P. Haven has knocked the legs out from under shares in pre-market trading. The resignations come one day after Citigroup shares rallied sharply on better-than-expected third quarter earnings....
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Citigroup Shares Higher as Banking Trumps Broker Write Down
Monday, October 15, 2012 - 2:27pm | 566Read More...Citigroup's shares are trading higher today as third quarter business results beat analysts' expectations. Improved profitability in the company's core banking businesses trumped a huge write down in the value of the Morgan Stanley Smith Barney (NYSE: MS) brokerage operation. "Our core businesses...
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Citi Beats on EPS, Boosts Credit Quality
Monday, July 16, 2012 - 9:58am | 274Read More...Citigroup (NYSE: C) shares rose in premarket trading after the third-largest U.S. bank reported earnings that beat analyst expectations and improved its credit quality. The company reported second-quarter earnings ex-items of $1 a share, down slightly from the same period a year earlier. That beat...
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Has Citigroup Forgotten How to Be a Bank?
Tuesday, January 17, 2012 - 10:40am | 605Read More...Again, Citigroup (NYSE: C) has let down its shareholders. The bank's earnings declined by 11% in Q4 2011, according to its earnings release on Tuesday morning, and its revenue also fell by 7% compared to last year results. Earnings per share were down from 43 cents to 38 cents a share. While...
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Can a Picture of the CEO Predict Stock Performance?
Monday, December 19, 2011 - 8:14am | 863Read More...Earlier this fall a noted author, Michael Lewis, talked about an interesting investment strategy on CNN's Global Public Square. Lewis discussed his Moneyball book and the theory that people make misjudgments when they rely too much on their eyes instead of numbers and hard data. Lewis mentioned...
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Citi CEO Vikram Pandit: "We're a Bank, not a Supermarket"
Monday, November 7, 2011 - 2:25pm | 718Read More...Bloomberg TV Exclusive: Citigroup CEO Vikram Pandit spoke about the financial crisis and the outlook for the bank and Citi Holdings division at the Securities Industry and Financial Markets Association's annual meeting in New York. Pandit said “we're a bank, not a supermarket” and that Citi is...
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Citi CEO Vikram Pandit: "I'd Be Happy to Talk With Protesters"
Wednesday, October 12, 2011 - 12:01pm | 194Read More...According to Bloomberg, Citigroup (NYSE: C) CEO Vikram Pandit told a breakfast group organized by Fortune magazine this morning that he would be happy to talk to the Occupy Wall Street protesters. Obviously, the movement has gotten the attention of the very high profile banker, who has overseen the...
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A Look At Citigroup's Stock Price Under Vikram Pandit
Friday, September 2, 2011 - 12:43pm | 479Read More...Bank of America's (NYSE: BAC) CEO Brian Moynihan has been catching a lot of heat recently, and rightly so, given the bank's plunging stock price under his tenure. He is also making a name for himself due to his delusionally upbeat forecasts for his company that in no way conform to reality. The...
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Citi's Consumer Lending Unit Attracting Plenty Of Interest
Thursday, March 3, 2011 - 2:38am | 230Read More...Citigroup (NYSE: C), the third-largest U.S. bank by assets, is shopping its U.S. consumer-lending unit, a business CEO Vikram Pandit put up for sale earlier this year, and there is apparently no shortage of interested suitors. BlackRock (NYSE: BLK), the world's largest asset manager, and private-...
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Citi CEO Vikram Pandit Tells Fox Business His Company Has "Absolutely" Turned The Corner
Tuesday, February 15, 2011 - 5:00pm | 300Read More...Citigroup CEO Vikram Pandit tells FOX Business Network (FBN) that the bank has “absolutely” turned the corner and that they are “doing all the right things in executing our core strategy.” Pandit also states that the biggest challenge facing Wall Street today is to “make America competitive again...
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Vikram Pandit Talks Crisis Control, Taxpayer Profit, and Book Value (C)
Thursday, July 15, 2010 - 2:31pm | 236Read More...Chief Executive Officer of Citigroup (NYSE: C), Vikram Pandit, recently spoke with Elizabeth McDonald over on Fox Business Network; he had some interesting things to say… When asked if the crisis is over at Citigroup, Mr. Pandit said, “the core earnings power of the company is strong.” And with the...
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Bill Smith Skewers Pandit – Still Likes Citigroup (C)
Tuesday, March 16, 2010 - 2:42pm | 235Read More...Bill Smith of Smith Asset Management, skewered Vikram Pandit, the CEO of Citigroup (NYSE: C) on Pimm Fox’s Taking Stock, radio show last Friday. Hell hath no greater fury than a shareholder burned. Smith is a long term holder of Citi’s stock, which he accumulated from the Traveler’s merger. The...
