Bank Stocks Plunge in Dismal Trading
Tags: BANK stocks -- Evaluation; STOCKS (Finance) -- Prices; STOCK price indexes -- Evaluation; AMERICAN International Group Inc. -- Finance; CITIGROUP Inc. -- Finance; BAILOUTS (Finance)
Related Articles
- Market Fear Renews Bank Stock Plunge. Kuehner-Hebert, Katie // American Banker;3/6/2009, Vol. 174 Issue 44, p15
The article reports that bank stock prices fell sharply on March 5, 2009 as investors continued to lose confidence in the financial services industry. The price of Citigroup Inc. briefly fell below $1 a share before finishing at $1.02 and the KBW Bank Index fell almost 12 percent. The broader...
- Quiet Treasury Freezes Citi. // American Banker;12/7/2009, Vol. 174 Issue 217, p2
The author reports that the U.S. Treasury Department has refused to give up its 34 percent stake in Citigroup, Inc. and that is hindering the banker's plan to repay 20 billion dollars of bailout funds. Also, investors could be reluctant to purchase Citigroup shares since a Treasury sale could...
- Citi Rescue Worked But Fostered Risk. // American Banker;1/14/2011, Vol. 176 Issue F302, p3
The article examines a report by the Special Inspector General for the U.S. Troubled Asset Relief Program (TARP) which found that the 2008 U.S. bailout of Citigroup Inc. saved that bank and may have prevented a financial panic, but at the expense of encouraging laxer risk management at other...
- Citi Shares Move Past Key Threshold. // American Banker;1/14/2011, Vol. 176 Issue F302, p15
The article examines the finances of the bank Citigroup Inc., focusing on the fact that its stock price rose above $5 a share for the first time since August 28, 2009.
- AIG Jolts Street with $1.8 Billion Reserve Surprise. // American Banker;2/5/2003, Vol. 168 Issue 24, p18
Reports the February 3, 2003 announcement by American International Group Inc. that it would take a fourth-quarter charge of $1.8 billion to boost loss reserves. How the move will dent its credibility; Decision by chief executive officer Maurice Hank Greenberg not to cut prices to gain market...
- AIG Reports 4Q Loss on Reserve Charges. // American Banker;2/14/2003, Vol. 168 Issue 31, p20
Reports the fourth-quarter loss by American International Group as of February 14, 2003. Effect of continued equities weakness on pretax income in retirement savings and asset management; Share price; Outlook.
- AIG Investors Seek Rapid Loan Payback. // American Banker;9/22/2008, Vol. 173 Issue 183, p16
The author reports on efforts by shareholders of American International Group Inc. (AIG) to repay the loan which was made by the U.S. government. According to the article, the shareholders are trying to avoid having the federal government become a majority shareholder in the company. Steps which...
- Bailed-out AIG loses 'strength' campaign theme. Bulik, Beth Snyder // Advertising Age;9/22/2008, Vol. 79 Issue 35, p3
The article examines the marketing problems for the insurance company American International Group created by its $85 billion bailout by the U.S. government. The company has cancelled all of its advertising for the remainder of 2008. The advertising, based on the slogan "The Strength to Be...
- As AIG Shows, Breakups Are Hard to Do. Sloan, Steven; Flitter, Emily; Hopkins, Cheyenne // American Banker;3/3/2009, Vol. 174 Issue 41, p1
The article examines the U.S. bailout of troubled insurance company American International Group (AIG). AIG has had four separate infusions of government funds totaling $180 billion, and is still suffering huge business losses. The U.S. has been unable to find buyers for AIG's profitable...
