Word: deal
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...Once Congress does go along with letting Obama's Treasury Secretary have access to the $350 billion still left from the money that was allocated for the TARP, a great deal of it may be going right back out to banks. The forecast now is that Citigroup (C) could lose $10 billion this quarter. A look at what is happening to consumer credit, LBOs, and the alarming increase in corporate bankruptcies means that Citi may need more than one injection of capital this year. The same holds true for Bank of America and a number of other financial firms which...
...shorts, who have taken the stock down more than 20% in the past two days. Though Citi is moving aggressively to hive off assets and divisions - earlier this week it announced the merger of its Smith Barney brokerage unit with Morgan Stanley's Global Wealth Management division, a deal that will bring Citi more than $2 billion - investors are worried about worsening loan losses across the banking sector and also about Citi's ability to get decent prices on any other asset sales. Even JPMorgan Chase, which reported a small fourth-quarter profit of $702 million, was the bearer...
...there was great interest in the alternative Asian economic models that seemed to be performing better than the U.S.'s. Bilateral-trade issues had suddenly become what arms-control talks had been to the Cold War. Geithner made his bones in the U.S. Treasury by helping negotiate a comprehensive deal with Japan that, against all expectations, opened Tokyo's financial-services sector to foreign companies for the first time...
...deal is that it has three quality point breaks right next to each other," says Nathaniel Calhoun, 29, a board rider from the U.S. who has surfed Robertsport many times. "It's unique. It's untouched." Add in great weather, spectacular beaches and villagers who'll invite you over for a seafood dinner, and that's loco Liberia, dude...
...first member of the Royal Family to serve in a combat zone since his uncle, Prince Andrew, flew helicopters during the Falklands War. The British military tried to keep Harry's presence a secret out of concern for his safety - going so far as to broker a "blackout" deal with the British media, who promised not to reveal the prince's location - but the The Drudge Report and other foreign media outlets revealed the information, forcing his commanders to pull him from duty in early...