Citi

Workers of the World Unite -- With Shareholders

Leo W. Gerard | Posted 05.21.2012

Read More: Citi, Trinity Mirror, Rex Tillerson, Citigroup, Sec, Aviva, Bp, Chevron, Dodd-Frank Wall Street Reform and Consumer Protection Act, Steelworkers, Wells Fargo, Exxonmobil, Usw, United Steelworkers, Dodd-Frank, Astrazeneca, Compass Minerals, 99% Power, Tesoro, Securities and Exchange Commission, Banking, Banks, Business News
Leo W. Gerard

In the wake of Wall Street recklessness that caused economic collapse, Congress gave shareholders and citizens Dodd-Frank to help them constrain self-dealing corporate executives. The 99% Coalition and shareholders are working with those tools even as Republicans vow to take them away.

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Rahm Emanuel's Chicago Infrastructure Trust

Michael Likosky | Posted 04.26.2012

Read More: Citi, Infrastructure, Clinton Global Initiative, Rush Limbaugh, Chicago, Rahm Emanuel, Public-Private-Partnerships, Infrastructure Bank, Chicago Infrastructure Trust, Paul Krugman, Ullico, Politics News
Michael Likosky

Manufacturers need state-of-the-art logistics to bring raw materials into their plants and then finished products to global markets. Moreover, Chicago must be a high-capacity transportation hub for the sake of regional growth.

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The Significance of Citigroup's Shareholder Revolt

Robert Reich | Posted 04.18.2012

Read More: Citi, Vikram Pandit, CEO Pay, Shareholders, Wall Street CEO Pay, Wall Street, Executive Compensation, Citigroup, Business News
Robert Reich

The vote against Vikram Pandit's proposed pay package isn't binding on Citigroup. But it's a warning shot across the bow of every corporate boardroom in America. Shareholders aren't happy about executive pay.

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The Time Is Ripe For A New Card

Posted 03.26.2012

Read More: Rewards, Citi, Poll, Credit Cards, Points, Capital One, Miles, Chase, Money News

If you've got money to spend, the time is ripe to look into getting a new credit card. Card companies like Chase, Citi and Capital One are throwing...

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2011 Editor's Choice Awards, Part 1

Curtis Arnold | Posted 01.31.2012

Read More: Citi, Chase, Cash Back Credit Cards, Rebate Program, Capital One, 0% APR, Discover, Fidelity, American Express, Credit Cards, Airline Credit Cards, Visa, Lenders, Usaa, Travel Credit Cards, Banks, Credit Score, Ira, Low Interest Credit Cards, Business News
Curtis Arnold

As we compiled our list of the best credit cards for this year's Editor's Choice Awards, we saw something we haven't seen much of from lenders over the past few years. Hunger.

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Loren Berlin

Court Rules SEC Can No Longer Be 'Yapping, Small Dog'

HuffingtonPost.com | Loren Berlin | Posted 11.29.2011

Read More: Citi, Rakoff, Southern District, Foreclosure Crisis, Wall Street, Bank of America, Mortgage Crisis, Sec, Mortgage Bonds, Securities and Exchange Commission, Judge Jed Rakoff, Citigroup, Business News

When federal judge Jed Rakoff tossed out a proposed settlement between the Securities and Exchange Commission and banking giant Citigroup on Monday, h...

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Best Credit Cards for Holiday Shopping

Curtis Arnold | Posted 01.09.2012

Read More: Citi, American Express, Bank of America, Chase, Retail Sales, Capital One, Holiday Shopping, Budget, Black Friday, Thanksgiving, Credit Card, Penfed, Upromise, Business News
Curtis Arnold

This time of year, retail stores want to encourage new account signups at checkout. If you make too many new applications, you can put a temporary ding in your credit report that can disqualify you from the best credit card deals.

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Too Big to Jail

Robert Scheer | Posted 01.02.2012

Read More: Department of Homeland Security, Robert Scheer, Government, Citi, Barack Obama, Bailout, Money, Clinton, Economy, Lawrence Summers, Obama, Robert Rubin, Campaign, Citigroup, Business News
Robert Scheer

Why has Robert Rubin, the onetime treasury secretary who went on to become Citigroup chairman during the time of the corporation's financial shenanigans, never been held accountable for this and other deep damage done to the U.S. economy on his watch?

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Best Credit Cards If Your Credit Is in the Doghouse

Curtis Arnold | Posted 12.20.2011

Read More: Citi, Credit Cards, Orchard Bank, Capital One, Apr, Annual Fee, Banks, Federal Reserve, Credit Scores, Secured Credit Cards, Credit Unions, Business News
Curtis Arnold

To enjoy the real benefits of credit cards, you'll need to keep your secured account in good standing for a year or two. Commit to earning and saving more money, so you can control your credit cards instead of letting them control you.

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Despite Consumer Outrage, Bank Fees May Be Here To Stay

AP | By PALLAVI GOGOI | Posted 12.19.2011

Read More: Citi, Interest Rates, NAB Research, Video, Consumers Union, Regions Financial Corp., Bank of America Corp., Bank Fees, Anti-Wall Street Protestors, President Barack Obama, SunTrust Banks Inc., JPMorgan Chase & Co., Wells Fargo & Co., Business News

NEW YORK -- Higher bank fees are here to stay. The latest third-quarter earnings reports from this week confirm that banks are struggling to make mon...

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William Alden

Wall Street Banks Sued For Massive Fraud In Subprime Deals

HuffingtonPost.com | William Alden | Posted 11.02.2011

Read More: Wall Street Banks Sued, Geithner, Immelt, Stock Market, Economy, Demarco, Bank of America, Jobs, Federal Housing Finance Agency, Obama, Bofa, Subprime Mortgage Deals, Fhfa, Lawsuit, Fraud, Citi, Politics, Video, Wall Street, Jpmorgan, Banks, Fhfa Sues Banks, Subprime Mortgage, Ge, Business News

The federal government late Friday filed lawsuits against 17 financial institutions, including some of the nation’s largest banks, alleging a patter...

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Citi Executive: 'Corporate Sector Cannot Continue To Simply Cut Costs'

The Huffington Post | Harry Bradford | Posted 10.30.2011

Read More: Bloomberg, Workforce, Citi, Corporate Profits, Squawk Box, Work Load, Cnbc, Labor Department, Corporate Spending, Jobs, Richard Cookson, S&P 500, Productivity, Video, Business News

High corporate profits have been one of the few bright spots for the global recovery. One high-level financial executive isn't so sure that success ca...

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Citi Skimps On Customer Protection After Massive Data Breach

Posted 08.24.2011

Read More: Citi, Citi Hack, Identity Theft, Citi Customer Protection, Citi Identity-Theft Protection, Citigroup Data Beach, Citigroup Hack, Citigroup, Video, Technology News

By Maria Aspan and Ross Kerber NEW YORK/BOSTON (Reuters) - After a massive data breach last month, Citigroup did not offer its hacked clients the...

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Hackers Hit More Credit Cards Than Initially Reported

AP | By KELVIN CHAN | Posted 08.16.2011

Read More: Citi, Citi Data Breach, Citi Hack, Citigroup Data Breach, Citigroup Hack, Citigroup Hacked, Citigroup Credit Cards, Citi Credit Cards, Citi Hacked, Citigroup, Technology News

HONG KONG -- Hackers stole information for 360,000 Citigroup Inc. U.S. credit card accounts in a recent data breach, although the actual number of cus...

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Big Bank Considering Office Space In World Trade Center

Posted 08.14.2011

Read More: Citi, Wtc, Bank Wtc, Office Wtc, New World Trade Center, Big Banks Wtc, Citibank, World Trade Center, Office Space, Wtc Citi, Citigroup, Business News

Citigroup Inc (C.N) is in the early stages of looking for about 1 million square feet of office space in Manhattan and considering space at the Wo...

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Regulators Pressure Banks After Citi Data Breach

Posted 08.09.2011

Read More: Citi, Citi Data Breach, Security, Cyber Security, Data Breach, Technology News

By Maria Aspan - Thu Jun 9, 4:13 pm ET NEW YORK (Reuters) - Major U.S. banks came under growing pressure from banking regulators to improve the...

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CEO's Bonus 16,700,000 Percent Larger Than Earlier Salary

Posted 07.19.2011

Read More: Citi, Chief Executive, Bonus, Stock Options, Ceo, Big Bank, Compensation Package, Ceo Bonus, Vkiram Pandit, Citigroup, Business News

NEW YORK (Maria Aspan) - Citigroup Inc (C.N) has awarded Chief Executive Vikram Pandit a $16.7 million retention bonus, plus stock options -- a fa...

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How to Deceive a Client Without Really Trying

Omer Rosen | Posted 06.11.2011

Read More: Tarp, Omer Rosen, Corruption, Citi, Fabrice Tourre, Conflict of Interest, Citigroup, Legerdemath, Fabulous Fab, Financial Reform, Derivatives, Regulation, Central Counterparty Clearing, Financial Fraud, Merrill Lynch, Clearing House, Goldman Sachs, Treasury-Rate-Lock, Morgan Stanley, Wall Street Regulation, Wall Street, Bailout, Lehman, Financial Crisis, Bear Stearns, Banking Trade, Business News
Omer Rosen

When it comes to bonds, the client is conveniently never shown how to settle based on prices. Instead they are taught a nonsensical and more complicated method called yield settlement.

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Chase Ends Debit Rewards Program

AP | The Associated Press | Posted 05.25.2011

Read More: Citi, Congress, Dodd Frank Act, Chase Rewards, Wells Fargo, Rewards Program, Chase, Bank of America, Federal Reserve, Debit Swipe Fees, Business News

Put another nail in the coffin for debit card rewards. Chase is notifying customers that they will no longer be able to earn points after July 19. The...

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Citigroup Plans To Reduce Its Number Of Total Shares

AP | PALLAVI GOGOI | Posted 05.25.2011

Read More: Vikram Pandit, Citigroup Dividend, Citi, Payments, Common Shares, Dividend, Citigroup Stock Split, Dividend Hikes, Federal Reserve, Citigroup, Business News

NEW YORK — Citigroup Inc., one of the worst-hit banks during the financial crisis, is taking more steps to get back in the good graces of shareh...

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Legerdemath: Tricks of the Banking Trade

Omer Rosen | Posted 05.25.2011

Read More: Corruption, Cdos, Fabulous Fab, Financial Reform, Regulation, Credit Default Swaps, Collateralized Debt Obligations, Schemes, Merrill Lynch, Goldman Sachs, Morgan Stanley, Bailout, Wall Street Regulation, Lehman, Default Swaps, Financial Crisis, Banking Trade, Fat Cats, Omer Rosen, Fabrice Tourre, Conflict of Interest, Legerdemath, Fraudulent, Corrupt, Derivatives, Spvs, Tarp, Central Counterparty Clearing, Credit Cards, Tricks, Citi, Financial Fraud, Fraud, Clearing House, Rosen, Credit Derivatives, Wall Street, Sivs, Bear Stearns, Citigroup, Omer, Business News
Omer Rosen

I'd just turned 20 when I began a three-year stint on Citigroup's corporate-derivatives team. I had no work experience to speak of. As my boss said after my interview, I was "f***ing unpolished."

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Which of These Banks Was 2010's Most Shameless Corporate Outlaw?

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Jamie Dimon, Citigroup, Business News
Richard (RJ) Eskow

In any normal period of history our major banks would be considered corrupt institutions, and their leaders would be ashamed to show their faces among respectable people. But these aren't normal times, are they?

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Blind Trust: Holder's Bogus "Operation" and Obama's Wall Street Justice

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Citi, Citigroup, Peter Oszag, Bertolt Brecht, Wachovia, Barack Obama, Eric Holder, Business News
Richard (RJ) Eskow

If the White House wants to restore the public's faith it needs to get serious about investigating bank fraud -- real bank fraud, the kind that brought down the economy once and could do it again.

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The Fed's New Foreclosure Predator Bailout

Zach Carter | Posted 05.25.2011

Read More: Foreclosures, Fed, Citi, Truth in Lending, Citigroup, Foreclosure Crisis, Chase, Robo-Signing, Robo-Signers, Wells Fargo, Regulation, Federal Reserve, Tila, Second Liens, Mortgage Crisis, Bank of America, Wall Street, Bofa, Rescission, Banks, Jpmorgan, Foreclosure Fraud, Business News
Zach Carter

As if the last decade of abuse wasn't bad enough, banks are again mobilizing to screw borrowers in the pursuit of bonuses. And once again, it appears the Fed has become an accomplice to this nationwide mortgage scam.

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Private Banks Keep Hiring As World's Rich Get Richer

Posted 05.25.2011

Read More: Citi, Wealth Managers, Private Wealth Management, Private Bank Hiring, Citigroup Asia, Citgroup, Rbs, Private Banks, Royal Bank of Scotland, Business News

LONDON - Private banks will sharply expand headcount in coming years to capitalize on the growing number of wealthy individuals in Asia, dismissing c...

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