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Citi

Legerdemath: Tricks of the Banking Trade

Omer Rosen | Posted 05.25.2011 | Business
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."

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

Richard (RJ) Eskow | Posted 05.25.2011 | Business
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?

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

Richard (RJ) Eskow | Posted 05.25.2011 | Business
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.

The Fed's New Foreclosure Predator Bailout

Zach Carter | Posted 05.25.2011 | Business
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.

Private Banks Keep Hiring As World's Rich Get Richer

Posted 05.25.2011 | Business

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

SEC: Rubin, Prince, Ex-Citigroup Execs, Knew Bank's Risks Were Hidden

bloomberg.com | Joshua Gallu and Donal Griffin | Posted 05.25.2011 | Business

Sept. 9 (Bloomberg) -- Charles O. "Chuck" Prince and Robert Rubin were among Citigroup Inc. officials who knew 2007 losses were mounting on mortgage a...

Citi Boosts Executive Pay

AP | PALLAVI GOGOI | Posted 05.25.2011 | Business

NEW YORK — Citigroup, still partly owned by the government after a rescue during the financial meltdown, is giving raises to top executives that...

Handcuffs for Wall Street, Not Happy-Talk

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

When you steal a lot of money, you go to jail. Obama doesn't just need tough talk for Wall Street, he needs to prosecute the frauds that were committed, and explain them to the American people.

Citibank: Will Anyone Hold Rubin and Prince Accountable?

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

When bankers think they can get away with rampant fraud and get paid very well to do it, they'll do it. Robert Rubin's best defense is that he really isn't all that bright -- he's either an idiot or a criminal.

Will Anyone Be Punished for Citibank's $40 Billion Subprime Lie?

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Laws are only as good as the regulators who enforce them. If the SEC believes in the charges it brought against Citi executives, it should be working with prosecutors to pursue a criminal case.

Foreclosure Mills: Wall Street's Latest Fraud Scheme

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Banks broke the law and hired other people to break the law for them, scoring big profits without being punished. Is it any wonder that they're still at it?

Where Are the Prosecutions? SEC Lets Citi Execs Go Free After $40 Billion Subprime Lie

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

What is the penalty for bankers who tell $40 billion lies? Somewhere between nothing and a rounding-error on your bonus.

The World's Safest Banks

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

Following up on my recent article Ripped Off by Your Bank? Tell Us About It!, I've been doing some research on safe places to do my banking. I came ...

Citigroup Treasury Sale: Up To 1.5 Billion Shares To Be Sold First, Government Says

AP | MARTIN CRUTSINGER and CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — The Treasury Department said Monday that it plans to sell up to 1.5 billion shares of Citigroup stock, its latest move to unwind th...

Robert Rubin: Amoral, Blundering ... And Still Influential in Washington

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

If there is one thing we need to accomplish for the good of our economy, it is the permanent discrediting of Robert Rubin. His policies fostered economic disaster, and in business he was a clever but irresponsibly reckless gambler.

Citigroup: Still A Member Of The 'Too Big To Fail' Club, Says Moody's

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Citigroup still maintains full membership in the 'Too Big To Fail' club, according to a report released today by Moody's. (Hat tip to WSJ's Real Time ...

Banks: Too big to change?

Brett King | Posted 05.25.2011 | Business
Brett King

Reformists and regulators in the US, in the EU and in other jurisdictions are grappling with the problem of massive banks and how their financial heal...

Citi Executives May Be In For Surprises At Financial Crisis Inquiry Commission

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — A former mortgage executive from Citigroup Inc. has accused bank executives of violating their own risk management policies and ign...

Citigroup Eyed By Financial Crisis Commission

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

But there is one small question, not so obvious, that has been crying out for an answer for years, and it has nothing to do with exoticisms like C.D.O...

Robert Joss: Citigroup Director Made $350,000 For As Little As Three Weeks Work

bloomberg.com | Posted 05.25.2011 | Business

May 10 (Bloomberg) -- Citigroup Inc. will pay director Robert Joss $350,000 for as little as three weeks of work amid criticism by shareholder-advisor...

Vikram Pandit

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — Facing sharp questions from bailout overseers, Citigroup Inc. CEO Vikram Pandit said Thursday the bank is "fundamentally different"...

Citigroup: George Soros, John Paulson

bloomberg.com | Nikolaj Gammeltoft and Whitney Kisling | Posted 05.25.2011 | Business

Feb. 17 (Bloomberg) -- Firms run by John Paulson, Eric Mindich and George Soros purchased almost half a billion shares in Citigroup Inc. last quarter ...

Have You Heard of the Interchange Fee?

Pedro Nava | Posted 05.25.2011 | Los Angeles
Pedro Nava

Interchange fees cost Americans $48 billion a year.

Citizens United Reveals the Danger of Our Right Wing Supreme Court

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

Here is the dirty little secret the GOP doesn't want you to know: The four extreme right wing Supreme Court justices are as activist as any judges can get.

Citigroup Gets Massive Tax Break In Deal with IRS

AP | STEPHEN OHLEMACHER | Posted 05.25.2011 | Business

WASHINGTON — Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as ...