Citi Dumps Distressed Debt Desk (Financial Planning.com) bi2632502 What was once seemingly a golden opportunity has fallen by the wayside as Citigroup plans to close distressed debt desk according to published reports. That said, Citi may be outsourcing the business a clever use of a hedge fund strategy

Citigroup reorganizes distressed debt prop desk (The Economic Times) bi2632502 Citigroup, began cutting thousands of and investment banking jobs week reorganizing proprietary desk that specializes distressed debt

Citigroup reorganizes distressed debt group (AP via Yahoo! Finance) bi2632502 Citigroup Inc. reorganizing the team that invests distressed debt, the nation's biggest bank by assets said Friday

Hedge Funds: Citi's distressed debt traders leaving to start hedge fund (Mark bi2632502 Citigroup Inc. says reorganizing distressed debt unit because top traders Jeff Jacob and John Humphrey are leaving the bank to start a new hedge fund

Citigroup Distressed-Debt Team to Start Hedge Fund (Update1) (Bloomberg.com) bi2632502 June 27 (Bloomberg) -- Citigroup Inc. 's team that invests distressed corporate bonds and loans being broken up as leaders leave to start a hedge fund later year, according to people familiar the matter

State sells hotel for fraction of debt owed (The Pantagraph) bi2632502 SPRINGFIELD -- Illinois Treasurer Alexi Giannoulias announced late last week that the state sell the Holiday Inn Collinsville for $5.3 million, a fraction of the debt owed on the beleaguered property

Citi Dumps Distressed Debt Desk (Financial Planning.com) bi2632502 What was once seemingly a golden opportunity has fallen by the wayside as Citigroup plans to close distressed debt desk according to published reports. That said, Citi may be outsourcing the business a clever use of a hedge fund strategy

6 cities get biggest slice of state 'distressed' aid (The Star-Ledger) bi2632502 The Corzine administration has awarded the lion's share of $153 million so-called distressed cities aid to six financially struggling cities, part of the 2007-08 state budget that closed Monday

Builder Galliford Try reassures on debt, shares jump (Reuters via Yahoo! Phil bi2632502 (Adds more CEO, analyst comment, updates shares)..

Citigroup reorganizes distressed debt group (AP via Yahoo! Finance) bi2632502 Citigroup Inc. reorganizing the team that invests distressed debt, the nation's biggest bank by assets said Friday

Hedge Funds: Citi's distressed debt traders leaving to start hedge fund (Mark bi2632502 Citigroup Inc. says reorganizing distressed debt unit because top traders Jeff Jacob and John Humphrey are leaving the bank to start a new hedge fund

Homebuilders face £3bn landslide (Guardian Unlimited) bi2632502 Business & money: A further 1,300 construction jobs go week as government scrambles to stem growing crisis..

From Iron Range hockey hero to Wall Street star (Minneapolis-St. Paul Star Tr bi2632502 Philip Falcone bet against the housing industry last year, and paid off to the tune of $1.5 billion. Now he has a stake the Minnesota Wild, a pond hockey documentary and a $49 million mansion

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