Word: stockings
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...time when every one of its main rivals has repaid its obligations to Uncle Sam, Citi still has its hands deep in the government-aid cookie jar. Uncle Sam owns more of Citigroup than any other bank. Currently, the government holds 7.7 billion shares of Citi's stock - a stake the government got last year by converting a portion of its Citi preferred shares. That makes Uncle Sam the bank's largest shareholder, with about 27% of Citi's outstanding shares, valued at some $26 billion. That's about seven times the $3.5 billion the government has lent SunTrust Bank...
Treasury considers that a firm has received exceptional financial assistance if it has received government aid outside of the initial $250 billion bank bailout, in which the government injected capital into financial firms in return for preferred shares and stock warrants. The list originally included AIG, Bank of America, Chrysler, Chrysler Financial, Citi, GMAC and General Motors. But in December, Bank of America and Citigroup struck deals with the government to get off the list. Bank of America raised nearly $20 billion from investors and paid back the government the $45 billion it was lent under TARP...
...global financial stability today. Warning that Greece was in "critical condition," Prime Minister George Papandreou recently said that his country "faces the risk of sinking under its debt." Jitters over a potential Greek default have punished the value of Europe's common currency, the euro, and driven down stock markets around the world. Policymakers worry that Greece's woes will spread to other weaker members of the euro zone, such as Portugal, Ireland, Italy and Spain - a collection of countries traders have nicknamed the PIIGS. Government leaders nowhere near Europe are concerned as well. "Such events far away can hurt...
Rivlin is currently a senior fellow at the Brookings Institution and a member of the Board of Directors of the New York Stock Exchange...
Divorce can be liberating for some. But starting over can be emotionally and financially taxing, as well. One British department store chain hopes to ease the transition for the recently divorced by launching a specialized gift list that family and friends can use to help newly single loved ones stock up on things like sheets, towels and appliances for their new home. You've heard of a wedding registry - well, this is a divorce registry...