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How to Find Lucrative Financial Institution Stocks
The recent economic and stock market meltdown started with the implosion of a handful of big banks and Wall Street brokerage firms. And the financial sector continues to feel the pain. Shares of Citigroup (NYSE: C), for example, traded at... (Continue reading)
Reinvent Yourself By Firing Yourself
Every day we are bombarded by dire economic news. The most shocking headlines have come from the steady stream of reports on massive workforce layoffs in every industry imaginable, from media and financial services to manufacturing and technology. In fact,... (Continue reading)
Parsons to Head Citigroup Board
Written on 22 Jan, 2009 at 11:55 in Business News | viewed 796 times | 9 Comments
Citigroup Inc. said yesterday that board member Richard D. Parsons will be taking over as chairman effective Feb. 23. Parsons succeeds Sir Win Bischoff, who became chairman in December 2007 after the company fired CEO and Chairman Charles Prince. ... (Continue reading)
Citigroup to Cut 50,000 More Jobs
Written on 17 Nov, 2008 at 15:09 in Business News | viewed 339 times | 1 Comment
Citigroup Inc. is cutting more than 50,000 more employees in the coming quarters as the banking giant struggles after suffering major losses from deteriorating debt.... (Continue reading)
The Weekly Market Preview — 1/14/08
Written on 14 Jan, 2008 at 12:40 in Investing | viewed 203 times | 2 Comments
The moment of truth has arrived. Most of us in the investment community are looking for a bottom in the financial stocks and an end to the bad news around credit, subprime losses, and consumer confidence. Will this be it?... (Continue reading)
