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Citi analyst Gregory Badishkanian started Sonic Corp. with a Buy rating and $28 price target. The analyst believes the recent share selloff presents a buying [...]

The possibility of new legislation concerning the barriers between the insurance and banking industries is one result of the Citicorp-Travelers Group merger. The returns on stock also depends on the size of the merging companies.

U.S. Banker Nuptials Carl Reichardt, Wells Fargo chairman and CEO, didn't want to do it. Yeah, he thought Bankers Trust's Charlie Sanford was a nice guy, but who wants to [...]

Recent Merger Changes The Face Of Private Label Considering merging your business with that of another issuer? This is the time to do it. A megamerger can accomplish in a [...]

BYLINE: John D. Boyd The Dakota, Minnesota and Eastern Railroad has made no secret that it needs private capital to build a third rail line into the coal-rich Powder River [...]

Mergers and acquisitions have played a significant role in the growth strategy of many banks and financial services institutions in the past decade (Wachovia and First Union, Fleet and Bank [...]

Fitch Ratings here has upgraded the short- and long-term ratings of debt issued by Washington Mutual Finance Corp. as its acquisition by Citicorp and its subsidiary CitiFinancial has been completed. [...]

American banks are making lots of money. Japanese banks aren't. Even so, it may be time to sell Citigroup and buy Mizuho IN A previous life, John Reed, who is [...]

In a rare and unusually candid public speech, former Citigroup Inc. co-chief executive officer John S. Reed said that before he had agreed to merge Citicorp with Travelers Group he [...]

WASHINGTON - The Independent Community Bankers of America has taken its opposition to the Citicorp-Travelers Group merger to the U.S. Court of Appeals. The group argued Friday that it was [...]

Thinking back over 25 years in banking, the most highly regulated industry in the United States, I recall sitting in the boardroom of the old United California Bank. A senior [...]

By LIZ MOYER In a year of sweeping changes, Citigroup embodied them all. The new company-resulting from the eye-popping, boundary-hopping merger of Citicorp with Travelers Group-redefined notions of scale and [...]

By COLEY CLARK Something extraordinary - perhaps revolutionary - is happening in the financial industry. In the past 12 months, accounts of megamergers and acquisitions have dominated the news. But [...]

The proposed merger between US Citicorp and Travelers Group Inc will create the largest financial institutions in the world. The agreement will merge various operations of the companies. These include banking, insurance, brokerages, and financial services. However, the combination of the companies is anticipated to make them less dependent on volatile earnings streams, thus, promoting a decline in operating earnings.

Even though corporations have been buying each other up at a record pace for the past several years, the April 6 announcement of a $70 billion merger between Citicorp and [...]

The merger of Citicorp and Travelers creates a financial-services giant. But what's in it for consumers. Assume you're a typical middle-class wage slave, muddling your way through household economics. You've [...]

IDI Group Cos. has surrendered ownership of its Techworld Trade Center to its primary lender, Citicorp. Techworld is a 650,000-sq.-ft. downtown office complex originally intended as a center for high-technology companies. IDI previously decided to issue a consentual bankruptcy plan with Citicorp. on Jan. 13, 1995. The event marks the first time that IDI lost financial control of a major project, showing that the repercussions of the 1989 real estate slump are still in existence.

An unidentified white knight has offered to buy a controlling stake in Abigail Adams National Bancorp Inc. Citicorp acquired a 71% stake in the bank after the latter failed to pay back a loan in 1988. The unidentified bidder offered $17 a share for Citicorp's share, and $22 a share for the remaining shares, for a total of $3.5 million. Meanwhile, Citicorp has sued National Bancshares Inc., a previous bidder, after the latter allegedly refused to drop further claims according to a previous agreement.

Citicorp, continuing to shed businesses it deems 'nonstrategic,' said Monday that it agreed to sell its banking subsidiary in Maine. The sale, to Atlantic Bancorp of Portland, was the latest [...]