Treasury

Breaking News: Citigroup will receive between a $10-$20 billion equity infusion.

From cnbc.com: "The Citigroup infusion plan is provisional and subject to change. The plan will probably be a multi-layered one, which means the government could backstop losses on Citigroup's troubled assets as well. In exchange, Citi may issue preferred stock to the government

Sources add that other actions are "not off the table", meaning that even the government plan of buying the troubled assets could be revived.

What is the pay and pay progression in Corp. Treasury? Also any info on hours, what functions of corp. treasury?

Hi,

I have an on-campus interview for an analyst position in Macquarie's Treasury and Commodities Group (TCG); and was hoping I could get some insights into what to expect.

I did conduct a search but did not find anything directly related to TCG.

Any help would be much appreciated.

Thanks.

Hi,

I have an on-campus interview for an analyst position in Macquarie's Treasury and Commodities Group (TCG); and was hoping I could get some insights into what to expect.

I did conduct a search but did not find anything directly related to TCG.

Any help would be much appreciated.

Thanks.

Have you complainers even read the terms of the loan? (yes, loan)

Basically, the Fed agreed to loan AIG up to $85 billion at LIBOR + 850bps. (!) That's about 11% interest. And in exchange, AIG gave the Fed 80% of the company - for keeps. AIG common and preferred get nothing, bonds get pennies on the dollar.

AIG has about $1 trillion in assets. As I understand it, the Fed just received claim to about $800 billion of (albeit illiquid) assets in exchange for LOANING AIG $85 billion. Not to mention that because AIG remains a going concern, the stock will likely appreciate over time as we come out of this mess.

In summary, this is no bailout. No taxpayer money has gone out the door. The loan is secured by the assets of AIG, and the creditor (the Fed) now controls the company, and has authority to cancel any dividends and force asset sales to repay the loan. This is about as safe a loan as I can imagine. If anything, the Fed/Treasury will make a profit on this one.