TheStreet Search RSS Feed: Dan Freed

Citigroup Acquisition May Signal More to Come

Tue, 19 Feb 2013 15:26:38 EST

-- Updated with response from Citigroup in seventh paragraph.

NEW YORK (TheStreet) -- Citigroup's acquisition of a $7 billion portfolio of Best Buy credit card receivables from Capital One Financial may be surprising, given the bank's strategy of cutting costs and returning capital to shareholders. But acquisitions are one way the bank can boost profits to capture its massive $55 billion deferred tax asset (DTA) before it expires.

As part of the deal announced Tuesday, Citigroup will also issue and manage Best Buy-branded cards in the U.S. The price wasn't disclosed. The transaction, expected to close in the third quarter, won't materially affect 2013 earnings, Citigroup said in a press release. A spokesman for the bank declined to elaborate. ...

Click to view a price quote on C.

Click to research the Banking industry.

Occupy Wall Street's 1%: You Are Not Forgotten

Tue, 11 Oct 2011 11:50:31 EDT

NEW YORK (TheStreet) -- What a bummer it must be to be part of the so-called 1% of wealthiest Americans these days! Occupy Wall Street, which initially appeared to be just a few college students, has somehow gotten the attention of President Obama and various members of Congress.

Or, maybe you one percenters are feeling great right now. Maybe, like Berkshire Hathaway Chairman Warren Buffett, many of you rich folks have just been waiting for a chance to pay more taxes. Or maybe you have seen this movement grow and are now wondering when the torches and pitchforks will appear, and whether you should gather up some of your pocket change and spring for a few more $230,000 guard dogs .

It's all good, as far as we're concerned. We were just wondering whether you felt a little bit left out since The Lede, a blog from The New York Times, has asked members of the 99% of the unwashed masses to share their thoughts about the protests without bothering to ask for your input. ...

Most Popular Stories on TheStreet

Wed, 25 Nov 2009 08:45:55 EST

Black Friday's 10 Top Tech Deals

By Scott Moritz

A review of black Friday deals from Apple, Hewlett-Packard, Garmin, Palm and others. ...

'TheStreet.com's' Must-Reads on Money and Investing

Mon, 01 Sep 2008 13:23:31 EDT

It's September -- back-to-school time. So what's on your money-making reading list this fall?

Here are several recommendations from TheStreet.com.

The House of Morgan by Ron Chernow ...