Lehman Brothers - Death Watch?


It's kind of sobering for people who have been listening to the company these last six to nine months that they had everything under control,'' said David Hendler, an analyst at CreditSights Inc. in New York. ``They've got to start thinking about selling a strategic stake or selling the firm because there's just not enough business to go around

Citigroup Could lose Biggest Bank Status

Citigroup Could Lose Status as Biggest Bank:

Pandit, who took Citi's reins in December, said Friday he expects to shed $400 billion of assets he inherited within the next three years. Two-thirds of the divestitures will come from the company's troubled consumer banking division.

If Citi were $400 billion thinner today, it would have about $1.79 trillion of assets, just ahead of Bank of America Corp. (BAC), which cracked the scales with $1.74 trillion of assets at the end of its first quarter on March 31. When Bank of America completes its planned acquisition of Countywide Financial Corp. (CFC) later this year, it would surpass Citigroup, even with Countrywide's rapidly deteriorating mortgage assets.