If Citigroup is worth nothing, then we are all stuffed. So much for the claim that the stockmarket is “efficient”. It’s no more efficient at the moment than the NSW Government is in running a train, writes Glenn Dyer.
Citigroup
How I beat the bank, with a little help from VCAT
The Victorian Civil and Administrative Tribunal has held that a $40.00 late payment fee imposed by Citigroup was an illegal penalty and therefore unenforceable, reports Adam Schwab.
We’re all dooooooomed: a finance wrap
Just when it looked like the pall of gloom had been lifted from investors around the world, the black clouds of doom rolled back in, writes Glenn Dyer.
It’s the season for turkeys in the US stockmarket
Thanksgiving may have been a week ago but the turkeys were out in force in US stockmarkets over the past week. Just look at the way they have been plucked with three big rises in the market and one correction, writes Glenn Dyer.
Citigroup goes to junk
The $US7.5 billion bail out of Citigroup by the Abu Dhabi Investment Authority reveals that America’s biggest bank by assets is the world’s first major bank to be valued at junk bond status.
US and Euro banks slump, Aussie banks strong
Citigroup and its CEO, Chuck Prince, are parting company after an agreed deal ahead of a board meeting in New York a few hours ago, a week after Stan O’Neal and the board of Merrill Lynch parted company with Stan walking with $US160 million, writes Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
ASIC’s Citigroup adventure will cost us all
The failure by ASIC to win its insider trading case against Citigroup in the Federal Court yesterday will ending up costing taxpayers millions of dollars in legal and administrate fees.
