DealScape logo DealScape 14 months ago

Primerica sale is a bust for Citi

Citigroup Inc. is on a cold streak. The struggling financial services company wasn't able to buy Wachovia Corp. nor was it able to reel in Chevy Chase Bank FSB. Now, it looks like For Citigroup investors, the last two months has brought only heartache on... Full Article at DealScape

Related Topics:

  1. Citigroup
  2. Securities and Exchange Commission
  3. Christopher Cox

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Related Quotes

  1. It’s inevitable for Citigroup to downsize in Japan as the transaction volume of stock trading is being narrowed and the cancellation of investment trusts has increased
    SOURCE: China Post 14 months ago
  2. The transaction is another strategic step that significantly strengthens Citi's key capital ratios and allows us to reallocate capital to the best growth opportunities for the overall franchise
    SOURCE: New Kerala 14 months ago
  3. They knew they had a lot of exposure
    SOURCE: Business Week 14 months ago
  4. They have to be able keep doing business ... To protect the taxpayers' money, in some instances. They have to be a going concern. If they stop marketing, all of the other companies they're competing against will zoom right past them, and they'll never have a chance to catch up again.
    SOURCE: Newsday 14 months ago
View all Related Quotes »
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Browse More Photos

Daylife is the web's largest archive of news photos

  1. William R. Rhodes, Senior Vice-Chairman, Citigroup, USA, speaks during a US-China panel at the World Economic Forum in Davos, Switzerland on Thursday Jan. 28, 2010.
  2. People exit a branch office of Citigroup in Seoul January 22, 2010. South Korean government bonds need more time before joining Citigroup's World Government Bond Index (WGBI), several finance ministry officials said on Friday, despite the expected approval of their inclusion this week.
  3. NEW YORK - JANUARY 19: A person walks past a Citibank branch in Manhattan January 19, 2010 in New York City. Citigroup Inc. reported a $7.6 billion fourth-quarter loss caused by failed loans and a repayment of $20 billion in government bailout funds.
  4. NEW YORK - JANUARY 19: The sign to a Citibank branch is seen in Manhattan January 19, 2010 in New York City. Citigroup Inc. reported a $7.6 billion fourth-quarter loss caused by failed loans and a repayment of $20 billion in government bailout funds.
  5. A man uses a Citibank automated teller machine at a branch in Washington January 19, 2010. Citigroup Inc posted a $7.6 billion quarterly loss on costs related to repayment of U.S. bailout funds and still-high loan losses, but the bank's shares edged higher as some investors saw glimmers of hope.
  6. A Citibank branch is seen in Washington January 19, 2010. Citigroup Inc posted a $7.6 billion quarterly loss on costs related to TARP repayment and still high loan losses, but the bank's shares edged higher as some investors saw glimmers of hope.
  7. Pedestrians walk past a Citibank branch in Washington January 19, 2010. Citigroup Inc posted a $7.6 billion quarterly loss on costs related to TARP repayment and still high loan losses, but the bank's shares edged higher as some investors saw glimmers of hope.
  8. Chart shows Citigroup earnings since fourth quarter.
  9. A Citibank sign is seen outside offices in Mountain View, Calif. , Tuesday, Jan. 19, 2010. Citigroup Inc. became the latest bank to take a cautious view of consumers' credit problems, reporting a $7.77 billion fourth-quarter loss due to failed loans and the costs of repaying government bailout money...

Cast of Characters

  1. Citigroup Citigroup
  2. Securities and Exchange Commission Securities and Exchange Commission
  3. United States Department of the Treasury United States Department of the Treasury
  4. Christopher Cox Christopher Cox
  5. Vikram Pandit Vikram Pandit
  6. UBS AG UBS AG