Opinion on Retail Banking and Lending

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Type Product title / description Pub Price
CommentWire
CommentWire

Claims Direct: bought by a mystery bidder

The Claims Direct saga is not over yet. The collapsed company that was founded by a taxi driver and a lawyer and which was once valued at GBP724 million, has been sold to a mystery bidder. Speculation suggests that Mr (or Ms) X could be Mick Shepherd, a computer entrepreneur from Blackpool. Former Claims Direct CEO Ronnie Henderson could have his eye on other assets too.

Published By Datamonitor
27 Aug 2002
CommentWire
CommentWire

Claims Direct: blaming others for its injuries

Claims Direct, the no-win no-fee UK accident intermediary, has failed to raise enough cash to keep trading. The firm blames the liability insurance industry for its demise - but it should accept that given the infancy of the market, even rivals were in the same boat. This experience will be a learning curve for the company as well as the industry as a whole.

Published By Datamonitor
11 Jul 2002
CommentWire
CommentWire

Citigroup: too leveraged to fail?

The US government is pledging an enormous amount of money towards propping up Citigroup which, despite previously being the biggest company in the world, is now no longer self sustainable. Its highly leveraged position left it fragile and, in coming to the rescue based on the 'too big to be allowed to fall' doctrine, the state has taken on a substantial risk.

Published By Datamonitor
04 Dec 2008
CommentWire
CommentWire

Citigroup: the tarnished gleam

Citigroup is beset by regulatory difficulties, adding to existing market turbulence. The group is under investigation for handing prized IPO shares to some of its private clients in the hope of gaining investment banking business from them later. Overall, this huge symbol of capitalist excess is looking battered.

Published By Datamonitor
05 Sep 2002
CommentWire
CommentWire

Citigroup: reinventing itself into a financial services portal

Published By Datamonitor
17 Nov 2000
CommentWire
CommentWire

Citigroup: going for brokerage

Citigroup has agreed to sell most of its asset management business to Legg Mason in exchange for Legg Mason's broker-dealer business. This will more clearly define Citigroup as a brokerage/advisory operation and eliminate regulators' and investors' concerns about potential conflicts of interest arising from the firm selling its own funds.

Published By Datamonitor
28 Jun 2005
CommentWire
CommentWire

Citigroup: future not cloudy in Saudi

Citigroup's [C] existing relationships with Saudi clients will not suffer from the disposal of its 20% stake in Samba Financial as it has a significant retail and investment-banking presence in neighboring Bahrain and the UAE, where Saudis have preferentially held their wealth. Nevertheless, Citigroup needs to ensure it does not let its competitors muscle in on its market share.

Published By Datamonitor
01 Jun 2004
CommentWire
CommentWire

Citigroup: Egg interest could prompt a scramble

In the latest twist in the Egg takeover saga, rumors that Citigroup is considering to bid for Prudential's majority shareholding in Egg are likely to ignite a bidding war. With MBNA currently out of the picture, HBOS, RBS and Capital One are all expected to reaffirm their interest if a bid is forthcoming from Citigroup.

Published By Datamonitor
12 Jul 2005
CommentWire
CommentWire

Citigroup: continuing on the acquisition trail

Citigroup [C] has signed an agreement to purchase South Korea's sixth largest banking player, KorAm bank [16830.KS]. Interestingly, the deal will see Standard Chartered [STAN.L] edged out of its relationship with KorAm. The interest of two major card players in the South Korean consumer banking market speaks volumes for its recent performance and more new entrants should be expected.

Published By Datamonitor
23 Feb 2004
CommentWire
CommentWire

Citigroup: bouncing back better than ever

Citigroup's [C] third quarter profits were up 27% compared to last year. These results are attributable to more than just the improving economic situation: the company's entry strategies into difficult European and Asian consumer credit markets implemented some years ago are now starting to pay off.

Published By Datamonitor
22 Oct 2003

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