Financial Services News

Financial Services Industry News and Information

February 5th, 2007

Express Scripts Urges Caremark Stockholders to Ignore CVS and Caremark


MSN MoneyCentral – Express Scripts has executed a commitment letter with Credit Suisse and Citigroup Corporate and Investment Banking to fully finance the proposed transaction. * Regulatory — The waiting period under Hart-Scott-Rodino will expire on

UPDATE 1-IBM selling up to $127 mln in Lenovo shrs-sources
Reuters – after reaching a deal last May that allows it to fully exit its holding by November 2007 — six months earlier than had been originally agreed. IBM was selling 300 million Lenovo shares at HK$3.20 to HK$3.30 each in a placement handled by Citigroup

UAL Refinances Bankruptcy Debt Facility
MSN MoneyCentral – JPMorgan Securities Inc. and Citigroup Global Markets served as lead arrangers on the facility. UAL emerged from Chapter 11 bankruptcy protection in February last year. 2007 The Associated Press. All rights reserved. This material may not be

Siemens chief makes case for conglomerates
MSN MoneyCentral – Mr Kleinfeld, who is also on the board of Citigroup, another diversified company that has been under pressure to break up after setbacks, denied that conglomerates were becoming too complex to manage. He did not comment on Citigroup but said that

Sponsored by:
Marketwatch – Prudential analyst Mike Mayo said Monday in a research note that the deal reinforces State Street’s competitive position by “getting the last pure-play global custodian The move extends State Street’s positioning from the threats of Citigroup ( C

February 5th, 2007

Harvey Koeppel, Former Citigroup CIO, Joins Backchannelmedia as Chief

February 5th, 2007

Cellphone Envy Lays Motorola Low

February 4th, 2007

Political risk could return to haunt stocks

February 4th, 2007

Market Report — In Play (OSTK)

February 4th, 2007

Archer Daniels 2Q Profit Up 20 Pct

February 3rd, 2007

Parmalat Sees 4.7 Pct. Rise in Revenue

February 3rd, 2007

Shelby ranks first among senators in campaign cash

February 3rd, 2007

Briefly: Ma is replaced as Air China chief

February 2nd, 2007

Hot Stocks of the Week: NutriSystem, ADM