Citigroup Inc (NYSE:C), a Manhattan, New York-based banking institution, has said that the current plunge in oil prices will provide $1.1 trillion in stimulus to the global economy. The low prices of fuel are expected to lower the cost of production, which will in turn result in a drop in prices of commodities. The current…
Citigroup Inc (C) Is Planning To Focus On U.S. Market And Stop Consumer Banking Operations In 11 Countries
Citigroup Inc (NYSE:C) started off a study in 2012 to streamline its activities and to identify markets that aren’t posting acceptable profits compared to costs. The research had led to the introduction of several standardized accounting procedures and measures to cut down on costs. Now, the company has announced a decision to pull out of…
Goldman Sachs Group Inc (GS) Ahead of Bank of America Corp (BAC) and Citigroup Inc (C) at Legal Fronts
Goldman Sachs Group Inc (NYSE:GS) is having an excellent year in terms of its legal battle wins. With other financial crisis accusers including Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) paying $16 billion and $7 billion in settlements, Goldman Sachs Group Inc (NYSE:GS) settled its lawsuits for $1.2 billion. Goldman Sachs Group Inc…
The New York Times Company (NYT), Citigroup Inc (C) and Merck & Co., Inc. (MRK): Top Holdings of Kahn Brothers
If one is to find out the thought process of some of the brightest hedge fund managers of the world, 13F SEC filing offer a proper medium. According to the latest 13F SEC filing from the Kahn Brothers, the New York Times Company (NYSE:NYT), Citigroup Inc (NYSE:C), and Merck & Co., Inc. (NYSE:MRK) are three…
American Airlines Group Inc (AAL), General Motors Company (GM), Citigroup Inc (C): Appaloosa Management’s Top Holdings
Appaloosa management LP, headed by billionaire David Tepper, filed its 13F SEC filings on August 14, 2014 and the fund 13F file portfolio valued at $7,149 million at the end of the second quarter 2014. During second quarter, Tepper increased his stakes in Facebook Inc (NASDAQ:FB) and nearly doubled his General Motors Company (NYSE:GM) holdings.…
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