Tuesday, November 30, 2010

Another Insider Buys Citigroup in the Open Market (C)

Director Jerry A. Grundhofer bought 25,000 shares.
He's Chairman Emeritus and retired Chairman and CEO of U.S. Bancorp.
He knows a bit about banking.
He's also non-executive Chairman of the Board of Citibank, N.A.

On the downside he served as a Director of Lehman Brothers Holdings Inc. from April 2008 to March 13, 2009.
If I recall, something happened about 5 1/2 months into his term at LEH.

Here's the filing via SECForm4.com.
Citigroup's Consumer Banking Chief Buys 542,098 Shares-Open-market (C)
See also:
The Inside Skinny On ISI Group's Citigroup Upgrade (C)