Commentaries

Citi’s other prop desk

October 10, 2009

Now that Citi is unloading it’s much-hyped Phibro energy trading group maybe the media can start focusing on the part government-owned bank’s other proprietary trading desk–its Principal Strategies Group.

Churning is out at Citi

October 5, 2009

Citi is kicking the commission habit for its remaining brokerage customers.

The big bank says it is shifting away from charging commissions on customer trades and going towards a more customer friendly, fee-only business model. The change applies to investment advisors working out of Citibank branches.

Sheila Bair and the black marker

October 2, 2009

The other day I wrote a column about a series of meetings FDIC Chairwoman Sheila Bair had this summer with Citi Chairman Dick Parsons. The column was based on entries in Bair’s datebook, a copy of which the FDIC turned over to me in response to a FOIA request.

Citi back for more, but sans FDIC help

September 17, 2009

It looks like Citi is on a mission to prove it doesn’t need any stinking help from the federal government. Earlier this week it tapped the bond market for $5 billion, but the notes carried the FDIC guarantee. As the FT noted in its piece yesterday, the move seemed at odds with the bank’s supposed attempts to get out from under the government’s thumb.

A death panel for Citi

September 15, 2009

It’s way too soon for the federal government to contemplate reducing its considerable equity stake in Citigroup.

Morgan Stanley keeps Goldman from top M&A slot

July 31, 2009

USBROKERS/RESEARCH-CITIGROUPDespite top billing for M&A involving European companies as well as Asia-Pacific and Japanese corporates, Goldman is not top of the league tables for global M&A for the year to date.