Feed the Beast
- Merrill Slashes Citi's 1Q Views. // Investment Dealers' Digest;3/10/2008, Vol. 74 Issue 10, p16
The article reports on the financial performance of Citigroup Inc.'s first-quarter estimates in 2008, based on the ratings of Merrill Lynch & Co. The financial management and advisory firm has cited an ongoing deterioration of Citigroup's U.S. residential and commercial mortgage markets,...
- Merrill Trims Citi's 2Q and 2005 Estimates. // American Banker;7/12/2005, Vol. 170 Issue 132, p18
Reports that Merrill Lynch cut its 2005 second-quarter and full-year earnings estimates for Citigroup Inc. How higher funding rates and loan-loss provisions in credit cards were factors in the estimate cuts; Statistics related to the revised estimates.
- HIGH-WIRE ACT. Rozens, Aleksandrs // Investment Dealers' Digest;1/14/2008, Vol. 74 Issue 2, p20
The article focuses on the issue concerning Wall Street firms. It states that Wall Street firms also called as securities industry can expect to see drop in fees from megamerger deals which reveals deal worth at $500 million to $1 billion. Moreover, firms such as Bear Stearns & Co. Inc.,...
- Bumpy Night. Piontek, Steve // National Underwriter / Life & Health Financial Services;11/12/2007, Vol. 111 Issue 42, p4
The author reflects on the impact of the subprime mortgage crisis on the financial services industry in the U.S. He cites that even big players in the industry are affected by the crisis which include Merrill Lynch and Co. and Citigroup Inc. that both decided to dismiss their chief executive...
- Writedowns Total $32B+. Muolo, Paul // National Mortgage News;11/26/2007, Vol. 32 Issue 9, p1
The article reports on the writedown of financial service companies Citigroup Inc. and Merrill Lynch & Co. in New York City. The two companies, along with other banks, suffered the largest writedowns which reveals the written off of more than $32 billion in collateralized debt obligations....
- Risk Chiefs: As the Bar Rises, So Does Demand. Dobbs, Kevin // American Banker;1/31/2008, Vol. 173 Issue 21, p1
The author reports on changes which are occurring in regards to the place in which chief risk officers are playing in the financial services industry. According to the article, several companies have hired chief risk officers and are planning on using them prominently including National City...
- Citi Analyst: Merrill May Be Put on Block. // American Banker;10/18/2001, Vol. 166 Issue 200, p20
Reports the comment by Guy Moszkowski, an equity analyst with Citigroup Inc.'s Salomon Smith Barney, that Merrill Lynch & Co. could be put up for sale if it does not reduce its expenses and improve its return on equity in a reasonable window. Merrill's efforts to reorganize its global operations.
- Merrill, Citi to Leave Philippine Market. // American Banker;8/3/2001, Vol. 166 Issue 149, p20
Reports that Merrill Lynch & Co. and Citigroup Inc. are leaving the Philippine stock market. Other investment banks quitting the market; Reasons.
- Playing by the rules. Tora, Brian // Money Marketing;10/2/2008, p39
The author reflects on the set of rules that were easily forgotten when market prove as tricky as they have been in Great Britain. The author states that rules was originally laid down by Merrill Lynch & Co.'s Bob Farrell and styled as Ten Market Rules to Remember, they were designed as a guide...