Word: citigroup
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Japan's banks have worked to reduce their shareholdings, but economists and bank analysts have mixed views on just how much exposure banks now have to stock price movement. Hironari Nozaki, a bank analyst at Nikko Citigroup, says that mega-banks should be stable even if the Topix plummets to 600 or the Nikkei 5,500. (they closed Monday at 746 and 7,162 respectively). "But," he says, "I don't want to imagine that situation...
...have fizzled. Given the role played by arcane financial engineering in triggering the current crisis--the troubles at AIG, for example, stem largely from its freewheeling London financial-products division--the future looks especially bleak for people working in structured finance and complex derivatives. No surprise, then, that HSBC, Citigroup, Credit Suisse and others have started cutting staff...
Graduate students at Harvard are not alone in facing rising interest rates on their student loans after Citigroup, the struggling financial services giant, cancelled a program designed to make it easier for international students to receive loans...
Citibank, the consumer and corporate banking arm of Citigroup, terminated its custom loan program with international graduate students at Harvard earlier this month, according to University officials. The bank is also canceling similar agreements with international students at schools including MIT and the University of Michigan, financial aid officers at those schools said...
...Citigroup spokesman Mark Rodgers declined to say how many schools will be affected by the change, calling the specific arrangements with institutions confidential...