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Citi to sell Phibro to Occidental, price seen low

Bridgeport : CT : USA | 2 months ago  
Views: 11
Occidental has historically been conservative in its trading. Phibro has been profitable in recent years but has lost money in the past. In 1998, the bank put Phibro on the auction block because of its wildly fluctuating profits, but it never found a buyer.
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  • News Source: Times Online | about 1 month ago
    Sale of Phibro allows Citigroup’s $100m earner to beat the critics Christine Seib Andrew Hall, the British-born trader whose $100 million (£63 million) compensation package embarrassed Citigroup, looks likely to hold on to his huge payout after...
  • News Source: International Business Times | about 1 month ago
    Occidental has historically been conservative in its trading. Phibro has been profitable in recent years but has lost money in the past. In 1998, the bank put Phibro on the auction block because of its wildly fluctuating profits, but it never found a...
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