Word: citigroup
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...pioneering for-profit microcredit venture by pointing to its successful four-year trial run with a private donor-backed fund. Both funds seek to lend credibility--in the form of hard-currency collateral--so that MFIs can establish relationships with local banks and get better loan rates. Likewise, Citigroup has used its branches in places like Kenya to make local-currency loans to MFIs, with the hope that conservative local banks will follow suit...
...FAKING RESEARCH High-flying Wall Street analysts Jack Grubman of Citigroup and Henry Blodgett of Merrill Lynch got nailed for issuing glowing reports on companies they in fact deemed unworthy. Both men and their firms paid multimillion-dollar fines...
Some of today's IPOs are even more seasoned--like Journal Communications, a Midwestern newspaper and media company, and National Financial Partners, a financial-services firm run by Jessica Bibliowicz, daughter of Citigroup chairman Sandy Weill. Both make money, and both have seen their shares rise in a modest but steady fashion. "Very few companies today are able to raise money on just a wish," says Jay Chandler, head of equity syndication at Merrill Lynch. "That late-'90s-style IPO market is not open for business...
...least 19 dividend-oriented funds have been launched since last December, enlarging that universe by a third, reports fund tracker Morningstar. On the radar of these funds are companies like Citigroup and Microsoft, which are dramatically raising dividends. Citi boosted its payout 75%; Microsoft paid its first-ever dividend in March and then doubled it on Sept. 12. Eventually, fund investors will want to seize on this trend. The fund industry isn't exactly making things simple. Even some of the new dividend funds invest in REITs. Others trade actively and could saddle you with a tax liability. Some managers...
...economic sensitivity to it. You would rather own a Merrill Lynch or a Morgan Stanley than you would a bank. Over the intermediate term, I like media stocks, like Viacom and Clear Channel, Univision. In retail, I like Target and Best Buy. Wal-Mart will be O.K. I like Citigroup...