Posts Tagged ‘common stock’
These 10 Banks Will Repay TARP
Tuesday, June 9, 2009 10:22 No CommentsThe US government issued approval for 10 of the nations largest banks to pay back the TARP money. The banks are:
Citigroup Drops Below $1
Thursday, March 5, 2009 11:27 1 CommentShares of Citigroup “Broke the buck” today trading down below $1/share, the lowest in the history of the company. The stock traded at a high of $57 only 15 months ago and hit a low of 97 cents today.
Two weeks ago we warned that Citigroup and Bank of America would be taken over by the [...]
Citi Gets Nationalized; Don’t Call It Nationalization
Friday, February 27, 2009 8:28 2 CommentsBailout #3 for Citigroup
The Government has reached a deal to buy 36% of Citigroup’s common stock. The United States will now be the largest shareholder of the troubled bank (But don’t call it nationalization). Citigroup announced another huge quarterly loss. The firm lost $10 billion in the 4th quarter of 2008 and has suspended dividend [...]
Trump on the Brink; Casino May File Bankruptcy
Sunday, February 15, 2009 8:48 6 CommentsTrump Entertainment Resorts in Atlantic City may be filing for bankruptcy.
Charting Stocks speculated that Trump was in trouble in this post. In November, Trump Entertainment Resorts missed their $53.1 million interest payment due to bondholders. The company was suffering from a collapse in revenues due to the economic depression.
Trump, who owns 28% of the common [...]
