John Havens
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Invest in stocks? Small players still smarting
individual investors historically have not been "early adopters," says Tobias Levkovich, chief U.S. equity strategist at Citigroup . They typically don't move back into stocks until the market has moved up sharply and they think it's safe to get fall and principal losses for investors. "Stories that highlight how much investors invested in steady-eddy, safe havens underperformed relative to stocks" will push them back into stocks, Paulsen says. Maybe. Maybe not. Arlene Armstrong
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Bank of America Investment Bankers to Get 25% Pay CutDecember, Pandit announced Citigroup will lay off 4,500 employees Chase, Morgan Stanley, and Citigroup since Jan. 1, compared with Previous: $5.6 million Citigroup 1. Vikram Pandit, CEO award yet to be determined 2. John Havens , President & COO: $3
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First 3 Big Banks to Report Compensation Show DropDecember, Pandit announced Citigroup will lay off 4,500 employees Chase, Morgan Stanley, and Citigroup since Jan. 1, compared with Previous: $5.6 million Citigroup 1. Vikram Pandit, CEO award yet to be determined 2. John Havens , President & COO: $3
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Recession called 'unlikely,' but investors are scared
not officially in recession. Investors have piled into government bonds, gold and even the Swiss franc, all considered havens in tough times. The sell-first, ask-questions-later mentality is becoming entrenched despite the fact that Wall 1% growth from 2.5% and sees growth at 0.5% in the first three months of 2012, down from 1.5%. Similarly, Citigroup cut full-year 2011 GDP growth to 1.6% from 1.7% and slashed 2012 to 2.1% from 2.7%. Citi also trimmed its
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Stocks End Another Wild Week LowerP 500 dropped 1.5 percent to 1,124. After Morgan Stanley cut its estimates for world economic growth on Thursday, Citigroup weighed in the next day, reducing its estimate for U.S. gross domestic product growth to 1.6 percent this year from starting to fall apart and asking, 'who is going to bail us out?'" Roberts said. He said investors looking for safe havens in Treasury bonds and gold have led to a decrease in Treasury yields and a spike in gold. The Associated Press contributed
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Dow drops 5.5%, ends below 11,000 as downgrade fans fears
always will be a triple-A country." Few market sectors were spared. Bank stocks were particularly hard hit Monday. CitiGroup was off 10%, JPMorgan Chase slumped 6.4%. Bank of America was off 16% after American International Group said it would some other major world economies — because U.S. Treasury securities are still seen as one of the world's few safe havens . Prices rise and yields fall as demand increases. The yield on the 10-year Treasury note fell much of the morning
News
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Dow drops below 11,000 as debt downgrade fans fears
debt. Those downgrades could mean higher mortgage rates for U.S. borrowers. Bank stocks were particularly hard hit. CitiGroup was off 10%, JPMorgan Chase slumped 6.4%. Bank of America was off 16% after American International Group said it would some other major world economies — because U.S. Treasury securities are still seen as one of the world's few safe havens . Prices rise and yields fall as demand increases. The yield on the 10-year Treasury note fell much of the morning
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Can the G-20 Save the World?
plan triggered a rally on the New York Stock Exchange, with Citigroup gaining 19 percent and Bank of America 26 percent. It didn't mania have been sitting like lead on the balance sheets of Citigroup , Merrill Lynch and the like for months. They could have introduce common guidelines for executive compensation. Tax havens and countries that are not cooperative in implementing the
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Geithner Defends Tax Hikes for Wealthy
also promised to stamp out offshore tax havens which he contends are unfair. Nelson 83 have subsidiaries in offshore tax havens . One such corporation is Citigroup , a major recipient of government bailout has 437 subsidiaries in offshore tax havens , including 90 in the Cayman Islands
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Dow posts sixth straight monthly loss, drops 11.7% in February
Street had been hoping that stabilizing Citigroup would help ease worries about the beaten-down could see their shares hit as well. Citigroup said before the opening bell that it government, which holds an 8% stake in Citigroup and would own 36%. "Citi has been in this market because if the safe- havens are not safe anymore it could convince
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The Note's Must-Reads for Thursday, January 15, 2009
Times' David Johnston: "Security Net Wraps Capital for Inaugural" LINK The Washington Post's Petula Dvorak: "Finding Havens for the Homeless" LINK 2009: PRESIDENT-ELECT OBAMA AND THE ECONOMY: ABC News' Jonathan Karl and Mark Mooney: "Pelosi Hints Obama Will Get John Leland: "Swindlers Find Growing Market in Foreclosures" LINK The New York Times' Eric Dash: "Buyers for a Citigroup Fire Sale Have Probably Been Singed, Too" LINK The New York Times' Bank of America May Receive More Bailout Money" LINK The
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Stocks rally on report of federal entity for bad debt; Dow up 410
thrift bank Washington Mutual and investment bank Morgan Stanley. Media reports have been saying that Wells Fargo and Citigroup are interested in a possible takeover of Washington Mutual; and a person familiar with the negotiations said Morgan Stanley opposite its price, jumped to 3.55% from 3.42% late Wednesday. Investors also continued a move into other safe havens , though demand eased somewhat as stocks soared. Gold rose again Thursday, up $50.20 to $900.70 an ounce on the
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Stocks rally on report of federal entity for banks' debt; Dow up 410
thrift bank Washington Mutual and investment bank Morgan Stanley. Media reports have been saying that Wells Fargo and Citigroup are interested in a possible takeover of Washington Mutual; and a person familiar with the negotiations said Morgan Stanley moves opposite its price, rose to 3.51% from 3.42% late Wednesday. Investors also continued a move into other safe havens . Gold rose again Thursday, up $50.20 to $900.70 an ounce on the New York Mercantile Exchange after posting its
Videos
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Dow Up, President OptimisticBig companies including Bank of America Citigroup and GE. We're able to borrow thirty policies are working. The news that Citigroup is making money to reports that GM is And Switzerland's famous as a tax havens for wealthy foreigners is cracking down
in the world than US treasuries. And Switzerland's famous as a tax havens for wealthy foreigners is cracking down the country promises greater cooperation now. In international tax evasion cases. Still overseas in Pakistan for
