Word: citigroup
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...slashing the Bay State’s expected $1.3 billion deficit. It seems more than a tad hypocritical to force state agencies to tighten their belts while the governor splurges on leather seats and drapes. Most troubling, however, has been Patrick’s now-notorious decision to call Citigroup executive Robert E. Rubin ’60 on behalf of ACC Capital Holding, a struggling mortgage company of which Patrick is a former director. After a public outcry, Patrick apologized for the call, during which he asked Rubin to support ACC’s request for an infusion...
...Tibet could help with that. They include 1 billion tons of rich iron ore, 40 million tons of copper and 40 million tons of lead. "Just going by the reports I've seen and accepting them at face value, the size of these finds is enormous," says Alan Heap, Citigroup's managing director for global commodity analysis. "For copper, zinc and lead these reserves would double the size of Chinese reserves...
CHARLES PAYNE, a financial analyst, about the CNBC business journalist who came under fire for her cozy relationships with sources after the resignation of a Citigroup executive was tied to his lavish spending, including trips with Bartiromo on the company...
...ICBC was a wild success. In Hong Kong, its share price at one point soared 70% above its initial offering price of 39¢. That pushed the bank's market cap so high that for a while it was valued as the second largest financial institution in the world, behind Citigroup...
...Asian firms listed on other regional bourses. In fact, some of China's smaller manufacturing and textile companies are still relatively undervalued. "Judging from history, the stock market doesn't bust when the buying is concentrated on blue-chip names," says Lan Xue, head of China research for Citigroup. "It's when the buying goes into the second line, third line, fourth line [companies]--the speedy names--this is what would get me more worried." Xue predicts that the bull market will continue for at least one to two years...