Trader Talk

TRADER TALK VIDEO GALLERY

90 Seconds with Art Cashin: Greek Deal Not Affecting Markets Yet

CNBC's Bob Pisani and Art Cashin, of UBS, discuss the markets' lack of response to the Greek deal. Cashin asks what will happen when the election comes around in April, as Greeks are already crying about austerity.

90 Seconds with Art Cashin: Can Draghi Help Greece? 08 Feb 2012
CNBC's Bob Pisani and Art Cashin, of UBS, discuss the market drop and concerns the ECB's Draghi may not be able to help Greece.

90 Seconds with Art Cashin: Bernanke's Sigh of Relief Rally

07 Feb 2012

CNBC's Bob Pisani and Art Cashin, of UBS, discuss a down dollar, the up euro and the reasons behind the mini rally. People are realizing Greece doesn't have a payment due till March, and after Bernanke's testimony, there was a sigh of relief rally.

Cramer: 'Where's the SEC' on 'Absurd' IPO?

07 Feb 2012

CNBC's Jim Cramer, David Faber and Bob Pisani discuss the planned $18 million IPO of Caesars Entertainment. Cramer calls it absurd, and asks, "Where¿s the SEC?"

TRADER TALK RSS FEED

» Help

Subscribe to this RSS feed
Stay up to date with the Trader Talk blog.

LATEST FROM OUR BLOGS

» More

- Tesla Unveils First SUV: Model X

TOP HEADLINES

» Markets | Economy | Companies

- Stocks Looking Past Europe for a New Driver of the Rally

Pisani: Citi Announces Terms of Trust Preferred Offering

Published: Wednesday, 10 Mar 2010 | 5:25 PM ET

Text Size

By: Bob Pisani
CNBC Reporter

Citigroup [C Loading... () ] did (finally!) announce the terms of its trust preferred offering: $2 billion (80 million shares), par $25, at a yield of 8.5 percent.

The surprise here is the yield: 8.5 percent, less than the 8.875 percent that traders had been told last night. Demand was much stronger than expected, resulting in a lower yield than initially telegraphed.

This is good news for banks who may also need to raise capital.

Remember, many regional banks like Fifth Third [FITB Loading... () ], SunTrust [STI Loading... () ], Zions [ZION Loading... () ], and KeyCorp [KEY Loading... () ] have yet to repay their TARP funds.