♦ With shares down 26 percent yesterday, Citigroup is now weighing all of its options, including possible selling the firm. The board meets today to discuss the " range of scenarios that were unthinkable only weeks ago." [WSJ]
♦ The market bounced back in early trading after historic sell-offs in recent days. [MW]
♦ Hedge funds contracted by 9 percent in October, the lowest level in two years. [Bloomberg]
♦ A bailout of the auto industry won't be taking place just yet. Talks between Detroit and Washington collapsed with lawmakers saying the industry lacked credible plans to return to profitability. [WSJ]
♦ The city's securities industry shed about 16,000 employees in October. [DB]
RECENTLY
- Snow Day
- Spotted
- DJ AM's Pad Listed; 2 North Moore Finds a Buyer
- The Loneliest Man in Albany
- A-Rod's Latest Catch; Donald Trump's Denial
- Happy Birthday
- André Leon Talley Is Ready For His Close-Up
- At Least Oxygen Is Still Free (For Now, At Least)
- Botox Numbs More Than the Face
- Even in Scandal, Paterson Disappoints
Tips?
Got something to share? Email tips@cityfile.com
Click here to have Dailyfile posts delivered to you once a day by email.
Wall Street
Citi Considers a Sale, Markets Looks Up
- Posted at 9:34AM on Nov 21, 2008
Email- Filed Under: Bailout, Chrysler, Citigroup, Ford Motor Company, GM, Hedge funds, Recession, Wall Street
Digg Facebook
Comments
Sign in to post a comment.
Top Lists
Former NYC cabbie, Tall, Plastic surgery victim, Chef, Nonagenarian, Dog owner, Octogenarian, Former alcoholic, Decorator, Bronx native, Puerto Rican, Organ transplant, Knighted, Real estate broker, Boston native
