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Citi names Willem Buiter its new top economist

AP - 1 hour 7 minutes ago

Citigroup Inc. on Monday named Willem Buiter, a London-based economics professor and author, as its new chief economist.

News Stories

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Feds Turn Up Heat on Mortgage Industry
CBS News - 2 hours 46 minutes ago
Obama Administration Cracking Down on Companies Lagging in Efforts to Help Borrowers at Risk of Foreclosure
Celgene Cancer Pill to Triple Sales on Threat to J&J (Update1)
Bloomberg - 2 hours 53 minutes ago
Nov. 30 (Bloomberg) -- Celgene Corp. can more than triple sales for its best-selling cancer pill Revlimid on new data that may convince doctors to choose the drug as a first option over Johnson & Johnson’s intravenous medicine, Velcade.
Robert J. Samuelson: Proposed Fed reforms worse than useless
Washington Post - Mon Nov 30, 12:00 am ET
Ever since its creation in 1913, the Federal Reserve has grappled with a daunting political contradiction. The Fed is charged with preventing the collapse of the banking and financial system, whose health is essential for the "real economy" of production and jobs. But financial bailouts usually occur when mistakes or misdeeds by bankers and investment professionals make them public pariahs. To ...
U.S. Stocks Gain as U.A.E. Backs Banks, Business Activity Rises
Bloomberg - Mon Nov 30, 11:01 am ET
Nov. 30 (Bloomberg) -- U.S. stocks advanced after the United Arab Emirates pledged to back Dubai’s banks to ease the region’s debt crisis and American business activity unexpectedly accelerated this month.
Midday Glance: Finance companies
INO News - 1 hour 37 minutes ago
Bank of America rose $.14 or .9 percent, to $15.61. Citigroup rose $.01 or .2 percent, to $4.07.
Gartmore’s IPO to Raise at Least 400 Million Pounds (Update2)
Bloomberg - Mon Nov 30, 9:57 am ET
Nov. 30 (Bloomberg) -- Gartmore Group Ltd., the money manager owned by leveraged buyout firm Hellman & Friedman LLC, plans to raise more than 400 million pounds ($660 million) in its initial public offering.
Citi, Goldman Sachs, JP Morgan, Peter J. Solomon, and Sonenshine Partners to Address M&A Year-End Summary and 2010 ...
Marketwire via Yahoo! Finance - Mon Nov 30, 9:45 am ET
NEW YORK, NY--(Marketwire - 11/30/09) - Winston | Baker, an innovative organizer of online and offline finance conferences, announced that it will be offering the anticipated webinar on "The Re-Emergence of M&A: Hope or Hype?" on December 2, 2009 at 12:00 pm EST. The one-hour webinar will serve as a year-end summary and outlook to be addressed by leading mergers and acquisitions experts. The ...
Wall to Wall Street Coverage: Upgrades and Downgrades
Minyanville via Yahoo! Finance - Mon Nov 30, 9:25 am ET
Maybe the experts know something we don't know.
When Dubai Means "Don't Buy!"
The Motley Fool - 50 minutes ago
A stern warning from sunny Dubai.
Early Glance: Finance companies
INO News - Mon Nov 30, 11:01 am ET
(AP:NEW YORK) Shares of some top finance companies are up at 10 a.m.: Bank of America rose $.27 or 1.7 percent, to $15.74. Citigroup rose $.07 or 1.6 percent, to $4.13.
Government increases pressure on mortgage firms to help borrowers
Detroit Free Press - 1 hour 37 minutes ago
The Obama administration will crack down on mortgage companies that are failing to do enough to help borrowers at risk of foreclosure.
Web Based Applications For Government Services Will Drive 30+% Stock Price Appreciation
Wall Street Transcript via Yahoo! Finance - Mon Nov 30, 8:18 am ET
67 WALL STREET, New York - November 30, 2009 - The Wall Street Transcript has just published its TWST Investing Strategies Report offering a timely review of the sector to serious investors and industry executives. This 55 page feature contains expert industry commentary through in-depth interviews with top tier Portfolio Managers. The full issue is available by calling (212) 952-7433 or via The ...
BofA Slashes Top Executive Pay
Zacks.com via Yahoo! Finance - Mon Nov 30, 7:54 am ET
Bank of America drastically alters compensations of key executives.
Fed moves to drain some money out of economy
San Francisco Chronicle - 2 hours 11 minutes ago
The Federal Reserve is taking steps to fine-tune a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis. The Federal Reserve Bank of New York said Monday that investors and others... Federal Reserve Bank of New York - Federal Reserve System - Financial crisis - Central bank - Government
Trichet Putting Money Where Mouth Is Shows Dexia-Like Laggards
Bloomberg - Mon Nov 30, 7:38 am ET
Nov. 30 (Bloomberg) -- European Central Bank President Jean-Claude Trichet will shine a light on the weakest European banks when he begins withdrawing the cheap loans that propped up the financial industry this year.