Word: divisionals
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Citigroup hasn't lost all its muscle. Despite talk of nationalization and speculation that bad loans might soon push the bank into insolvency, Citi's bankers who advise other companies on mergers and acquisitions are having a banner year. Through the first two months of 2009, bankers at Citi were...
For the time being, Citi's M&A team appears unaffected. Shafir says none of the hundred bankers who work in his division have left the firm on their own. And the firm is expected to rank among the top global M&A advisers when the so-called League Tables...
Last year AIG admitted that the company's Financial Products division entered into credit default swap agreements with banks that bought and securitized loans. CDS are a financial instrument that mimics the characteristics of an insurance contract. These instruments were most exposed to risk when the securitization market blew up...
“I am here also to represent the many other workers who are under threat of layoffs, so that they never have to go through what we are going through now,” said Sola, who is represented by the Service Employees International Union Local 615. Wayne...
But trust between the U.S. and the various Iraqi Security Forces is becoming less important to the country's future as a countdown begins to major U.S. withdrawal in 2010 and 2011. The real problem is likely to emerge between the Iraqis themselves - particularly between Arabs and Kurds. According to...