Word: capitale
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Citigroup may soon get all the sleep it needs. Investors are growing increasingly concerned that the global financial behemoth could go the way of Bear Stearns, Lehman Brothers and Merrill Lynch. Shares of the company, which was once the world's largest bank, closed at $3.77 on Friday. The company...
Most analysts believe Citigroup can survive its current market woes, though probably not without some changes. In a report out on Friday, Deutsche Bank analyst Mike Mayo, who has been a long-time bear on Citi, says the company has adequate capital to survive. When you factor in the $25...
That doesn't bode well for global growth prospects. David Roche, president of Independent Strategy, an economic consultancy in London, notes that throughout most of this decade "the world economy has been used to using $4 to $5 of credit for every $1 of GDP growth." Even if this "profligate...
To keep or cashier Gates may be the Capital's latest guessing game, because there are good reasons for Obama to consider both options:
Bankers Holiday. United is adding daily nonstop flights from Washington's Dulles airport to the international banking capital of Geneva. If purchased by Dec. 3, for service after April 19, 2009, seats on the 6 p.m. flight Monday through Thursday cost $449; the same flight is $469 Friday through Sunday...