Posts filed under “M&A”

Breaking Up Citi


via NYT

via WSJ

>

Sources:
Citigroup Plans to Split Itself Up, Taking Apart the Financial Supermarket
ERIC DASH
NYT, January 13, 2009

http://www.nytimes.com/2009/01/14/business/14citi.html

Citigroup Ready to Shrink Itself by a Third
DAVID ENRICH
WSJ, JANUARY 14, 2009

http://online.wsj.com/article/SB123185686674677225.html

Category: Corporate Management, Digital Media, M&A

Too Big To Succeed . . .

If they are too big to fail, make them smaller.” -Nixon Treasury Secretary George Shultz about Fannie Mae and Freddie Mac > The operative expression about many of the bailouts we have seen — AIG, JP Morgan (via Bear Stearns), Goldman Sachs, Fannie/Freddie and of course Citibank — is “Too Big To Fail.” Perhaps the…Read More

Category: Bailouts, Corporate Management, Credit, M&A, Regulation

Citi-Morg

> That’s what you get when you merge Citigroup and Morgan Stanley . . . >

Category: Humor, M&A

Doug Kass’ Possible Improbables

Every year, Doug Kass creates a list of forecasts. But these are not straight predictions; the basis of Kass’ column is that these are ideas that most people think are very unlikely, which that Doug believes has a better chance of occurring than the crowd does. Call them “Possible Improbables” Here’s the list: 1. The…Read More

Category: Economy, M&A, Markets

Cost of Banks

Consider that one year ago Royal Bank of Scotland paid US$100 billion for ABN Amro. That seemingly impossible amount would now buy: Citibank $22,5 billion (74% down) Morgan Stanley $10,5 billion (-72%) Goldman Sachs $21 billion (-67%) Merril Lynch $12,3 billion (-77%) Deutsche Bank $13 billion (-71%) Barclays $12,7 billion (-71%) And still leave $8…Read More

Category: Bailouts, Credit, M&A, Regulation

Warren Buffet on Charlie Rose

Here is last night’s Charlie Rose Show, with WB speaking for an hour.

Category: Credit, M&A, Markets, Video

32-Floors of Anxiety

Category: Credit, M&A

A Very Expensive Berkshire/Goldman Deal

Category: Bailouts, M&A

Berkshire to GS: “I Got $5 Billion, but Its Gonna Cost Ya”

Bloomberg:

Goldman Sachs Group Inc. will raise at least $7.5 billion from Warren Buffett’s Berkshire Hathaway Inc. and public investors in a bid to quell concerns that pushed up the Wall Street firm’s borrowing costs and hurt its stock.

Berkshire is buying $5 billion of perpetual preferred shares, New York-based Goldman said today in a statement. Goldman, which this week transformed itself from the biggest U.S. securities firm to the fourth-largest bank by assets, also plans to raise at least $2.5 billion by selling common stock in a public offering.

Goldman Chief Executive Officer Lloyd Blankfein is turning to Buffett, the billionaire investor and second-wealthiest American, to boost market confidence even though Goldman hasn’t reported a quarterly loss since it went public in 1999. The bankruptcy of Lehman Brothers Holdings Inc. and emergency sale of Merrill Lynch & Co. to Bank of America Corp. on Sept. 15 have fueled fears about firms that rely on bond markets for funding.

Category: Corporate Management, Credit, Finance, M&A, Psychology

SIPC: Lehman To Be Liquidated

Category: Corporate Management, Credit, Legal, M&A, Short Selling, Valuation