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Financial Biz Cheat Sheet: Citigroup Under Investigation in Japan, Moody’s Questions Dexia’s Liquidity

October 03 2011 Tweet Email This

Citigroup (NYSE:C) is being investigated by Japanese regulators for possible infractions related to its marketing of financial products. Citigroup was punished for the same violation in 2009, and forced to suspend retail marketing activities for a month.

Hot Feature: Amazon.com has a Stock Chart Technical Analysts Dream About

Morgan Stanley (NYSE:MS) shares have been trading down due to a report on derivatives exposure that implied the company had $1.78 trillion in exposed derivatives. However, the real exposure is $457 million, said Matt Burnell of Wells Fargo (NYSE:WFC). Morgan Stanley’s CDS have leaped to 528 bps, worse than even the troubled large Italian lenders.

Barclays (NYSE:BCS) and Bank of America (NYSE:BAC) are reportedly considering selling their combined 53% stake in apartment company Archstone, worth roughly $2 billion to $3 billion.

Franco-Belgian lender Dexia is trading lower following a Moody’s report questioning its liquidity. The bank has 3.4 billion-euro exposure to Greece, the most of any European bank.

Don’t Miss: Bank of America Leads Banks into New Revenue Territory

In its 74th closing this year, the FDIC closed the First Intl. Bank of Plano, Texas, with $240 million of assets to be assumed by American First National Bank of Texas.

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