Citigroup is whining that new regulations eliminate pricing for risk. So what does it do? Jack up rates is the answer. To lower interest rates, Citi customers must spend more . For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way ... Read the ful ... Read more

From Bloomberg: U.S. Said to Explore Selling Stock Acquired in Citigroup Rescue (ht jb) Bloomberg is reporting that the Treasury and Citigroup are discussing how the U.S. can sell the 34 percent stake (7.7 billion shares) that the U.S. acquired as part of the bailout. At $4.50 per share, the U.S. s ... Read more

So here's an incredibly interesting options trade. The June 5 Reverse Conversion has gone ballistic, in the words of a friend. 227,000 puts and 240,000 calls have traded as I type. But that's not what's most noteworthy, open interests are monstrous in C. No, it's the fact that the combo went ... Read more

Citigroup (C) apparently is now 36% controlled by Uncle Sam. Everyone is singing the blues but no one has an alternative. The interesting side tidbit is that Singapore and Prince al-Waleed bin Talal of Saudi Arabia, will also swap up to $27.5-billion worth of preferred shares for regular stock. This ... Read more