RBS

Vikram Pandit understands the seriousness of the challenge ahead, if Citi wants to remain a going concern. He must break the firm up and end Citi's disastrous experiment with becoming a financial supermarket.

Earnings season has finally begun, with Alcoa leading the way. They produced a major loss yesterday as expected. The question going forward is whether we will see any upside surprises. If we do, that might support stocks. I am not expecting…

This is the time of year when everyone tends to look back and sum up the year in one way or another. I have been doing much of the same. In keeping with that theme, I have taken a good look through my nearly 1400 posts to get a better…

It's been a month since I updated my list of writedowns and other credit crisis-related news, so I am sure that this list is filled with holes and missing information. Here it goes nonetheless. Below are the writedowns from the previous…

Below are links to a few posts on the web that I found particularly good. For more posts and news, see the news feed.

The big news this week is that writedowns have moved near trillion dollar territory. As all of the banks report earnings and come clean about losses, the figures are staggering. The largest writedowns came from the GSEs with Fannie Mae…

Today was a very exciting today in politics as well as in the markets. We are living in a time to remember, like nothing we have seen in our lifetime. The question for us remains "what does the future hold?" I would like to look on the…

This past week I have been particularly distracted by the political headlines in the run-up to the U.S. Presidential election, so I apologize if I have missed a few stories in the financial press.The writedowns do continue unabated and we…

I have not posted all day because I have been spending most of the day doing site maintenance -- importing the data from the credit crisis timeline into a database, which will make it a lot easier to update, backfill and make changes to the…

Writedowns continued unabated despite the easing global credit markets. While we should see a bear market rally due to this easing, the ill effects of a global recession and new concerns in emerging markets and Asia will cause writedowns…