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October 16, 2008 4:10:42 PM CDT


Stories related to: Citadel Investment Group

Stories

4 Stories

  • October 2008
    • Why Midafternoon Brings Out the Bears

      Why Midafternoon Brings Out the Bears

      (Newser) - An increasingly familiar Wall Street phenomenon—a three-digit swing in the Dow, usually down, in the final hour of trading—is a direct result of population growth in one species: bears. Margin calls are forcing panicked sell-offs, it's true, but the situation is more complicated than that, experts tell the New York Times. More »

      Tags

      Financial Crisis   Dow Jones   stock market   Wall Street   hedge fund   UBS   bear market   Citadel Investment Group   Ken Griffin

  • September 2008
  • March 2008
    • Shakeup May Signal E*Trade's Availability

      Shakeup May Signal E*Trade's Availability

      (Newser) - E*Trade Financial, stung by mortgage- and mortgage-backed securities market losses, is adding CEO to chairman Donald Layton's duties. The company may be dolling itself up for a possible sale by polishing its tarnished image, the Wall Street Journal reports. Since Layton, 57, became chairman in November, the brokerage has rebounded from a $1.7 billion fourth-quarter loss. More »

      Tags

      subprime crisis   JPMorgan Chase   mortgage backed securities   Citadel Investment Group   online brokers

  • November 2007
    • Citadel Bets Big on Mortgage Recovery in E*Trade Deal

      Citadel Bets Big on Mortgage Recovery in E*Trade Deal

      (Newser) - In bailing out flailing E*Trade with a $2.5-billion infusion yesterday, Citadel Investment is among the hedge funds and private investors starting to bet big on a recovery in mortgage-related securities, the Wall Street Journal reports. "The market is pricing assets like things are going to get really bad," Citadel founder and CEO Ken Griffin said. "But the more likely outcome is for the economy to slow for two or three quarters, and then strengthen." More »

      Tags

      E Trade   Citadel Investment Group

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