Description: Meredith Whitney, the bank analyst who became famous for identifying problems at Citigroup (C) and other institutions ahead of the financial crisis, has shut down the brokerage and research arms of the firm she founded with her newfound prominence. The news, first reported by Bloomberg’s Max Abelson and Michael J. Moore, comes after a report in the Wall Street Journal earlier this summer that the number of research clients at the Meredith Whitney Advisory Group had fallen by more than half, as Whitney struggled to duplicate the insights that had proved so prescient in 2007.
Date: Oct 10, 2013
Questions for Discussions:
- What lessons about financial analysts can be learned from this report?
- What is the most significant point for investors to understand going forward?