Posts Tagged ‘Marketwatch’

Fool Me Twice: Citigroup CEO Shouldn’t be Trusted

Tuesday, March 10, 2009 11:31 12 Comments

The markets jumped early in the trading day in a move  led by a “Leaked” memo by Nationalized Citigroup CEO Vikram Pandit which was sent to employees stating that the troubled bank was profitable in the first 2 months of 2009. He went on to describe their capital position as “Strong.”
The market, which was extremely [...]

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AXA Warns as Cost of Annuity Hedging Skyrockets

Tuesday, November 25, 2008 7:56 1 Comment

The annuity shoe is about to drop!
(MarketWatch.com) Shares of AXA dropped as much as 17% in Paris as the French insurance giant shaved about a quarter of this year’s underlying earnings assumptions as the world’s market gyrations produced fewer asset fees and made it more difficult to pay out on annuities.
The insurer added that the [...]

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