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Citigroup Bailout

The Speech That Could Make Elizabeth Warren the Next President of the United States

Miles Mogulescu | Posted 02.11.2015 | Politics
Miles Mogulescu

Elizabeth Warren represents a new politics in which, by challenging the power of the oligarchy, she has the potential of reclaiming the white working class for Democrats and uniting them with the coalition of professionals, single women, gays and minorities who elected Obama.

Will the Law Finally Catch Up to Goldman Sachs?

Dennis M. Kelleher | Posted 12.23.2014 | Business
Dennis M. Kelleher

Remarkably, Goldman Sachs, one of the richest, most powerful, politically connected (aka Government Sachs) too-big-to-fail Wall Street banks, has demonstrated a Teflon-like ability to bounce back from egregious misdeeds, if not outright illegal conduct, and horrible publicity.

Sheila Bair Calls Citigroup The 'Worst Bank'

The Huffington Post | Christine Conetta | Posted 01.23.2014 | Politics

When asked point blank, Sheila Bair has no problem exposing the banks responsible for the 2008 financial crisis. The former FDIC chair was quickly ...

The Man Who Invented 'Too Big to Fail' Banks Finally Recants. Will Obama or Romney Follow?

Robert Reich | Posted 09.24.2012 | Business
Robert Reich

Sandy Weill has finally seen the light. It's a bit late in the day, but, hey, he's already cashed in. You and I and millions of others in the United States and elsewhere around the world are still paying the price.

JPMorgan Whale Fail And Nine Other Big Bank Disasters

Posted 05.11.2012 | Business

Officials at JPMorgan Chase announced Thursday that the bank lost billions of dollars on "egregious" credit trades gone wrong. But the bank was ce...

Too Big To Fail Architect: Don't Blame Me!

Mark Gongloff | Posted 07.07.2012 | Business
Mark Gongloff

The man who brought you Too Big To Fail has had just about enough of everybody blaming him for big banks failing. In an interview with Fortune's Nin-...

U.S. Needs Shareholders' Rights

Ted Kaufman | Posted 06.30.2012 | Business
Ted Kaufman

I doubt it. After years of not having to worry much about what their shareholders thought, the Citigroup vote was a wake up call for every corporate board of directors.

Citigroup Turns Profit For Sixth Consecutive Quarter

AP | PALLAVI GOGOI | Posted 09.14.2011 | Business

NEW YORK — Citigroup Inc. has long boasted of its international scope. It has a presence in 140 countries, more than any other U.S. bank. Now, ...

Former Citigroup Vice President Charged With Embezzling $19 Million

Posted 08.27.2011 | Business

NEW YORK (Jessica Dye) - A former vice president at Citigroup Inc was charged with bank fraud on Monday for allegedly embezzling more than $19 mil...

Simon Johnson: Citigroup Bailout Shows 'Too-Big-to-Fail Endures'

Bloomberg | Simon Johnson | Posted 05.25.2011 | Business

Democrats like to say that the Dodd- Frank financial overhaul legislation ended the problem of too big to fail because large failing financial institu...

Shahien Nasiripour

Citigroup Was On The Verge Of Failure, New Report Finds; Rescue Was Based On 'Gut Instinct' | Shahien Nasiripour | Posted 05.25.2011 | Business

Citigroup, the nation's third-largest bank by assets, was on the verge of being closed by regulators the week of Nov. 24, 2008 as depositors rapidly w...

Citigroup Chief: Bank Will Exceed New Regulatory Requirements

Posted 05.25.2011 | Business

NEW YORK (Reuters) - Citigroup Inc is on track to exceed expected regulatory requirements and shrink its worst assets to less than 20 percent of its ...

Doughnuts' Return Signals Citigroup Is Back On Track

New York Magazine's Daily Intel | Posted 05.25.2011 | Home

Citigroup CEO Vikram Pandit was talking up the embattled superbank's recovery on CNBC yesterday. "I feel very good about how we're positioned," he sai...

U.S. Announces $12 Billion Profit On Citigroup

MSNBC | Posted 05.25.2011 | Business

The government said late Monday it had reached a deal to sell its remaining holdings of Citigroup common stock and would end up turning a profit of $1...

U.S. Anounces Plan To Sell Some Of Its Citigroup Shares

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The government plans to sell some portion of $2.2 billion worth of Citigroup securities, in the latest effort to repay taxpayers for the public rescue...

Citigroup Will Pay New Hire $30 Million

Huffington Post | William Alden | Posted 05.25.2011 | Business

UPDATE: A Citigroup spokesman told the Huffington Post that it it did not make a multi-year guarantee to Trauber and that it did not confirm that Trau...

Citigroup Goes After Mike Mayo Over Accounting Accusations

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

Citigroup, one of the most bailed-out banks in the history of bank bailouts, has the nerve to wage a vindictive war against a securities analyst named Mike Mayo for doing nothing more than telling the truth.

Treasury Profits From Citigroup Bailout

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Treasury Department said Thursday it has raised $10.5 billion from the sale of a total of 2.6 billion shares of Citigroup stock...

WATCH: Wall Street Poker After Dark

Matthew Filipowicz | Posted 05.25.2011 | Comedy
Matthew Filipowicz

Watch as the most corrupt "Too Big To Fail" bank CEOs play a spirited game of "Taxpayer Hold 'Em"! Not with their money, but with yours!

Nothing Is More Powerful Than an Idea Whose Time Has Come

Ed Koch | Posted 05.25.2011 | New York
Ed Koch

When you blame everybody, then nobody is responsible. Everybody did not receive, as Robert Rubin did while holding his position at Citigroup, $14 million annually.

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 ...

Treasury's Citi Shares

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — Bank bailouts are turning out to be great business for the government. Unfortunately for taxpayers, other federal rescues will almost...

US Set To Make $8 Billion Profit From Citigroup Bailout

Washington Post | David Cho | Posted 05.25.2011 | Business

Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king's ransom for its ...

GTS, Massive Citigroup Unit, Continues To Grow | DAVID ENRICH | Posted 05.25.2011 | Business

Even as federal officials move to rein in the nation's biggest banks, one chunk of giant Citigroup Inc. keeps expanding -- with the help of the U.S. g...

Dwight D. Eisenhower vs. Andrew J. Hall

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The way in which oil speculator Andrew J. Hall is going to get his $100 million demonstrates clearly why we need to return to the 91 percent top bracket income taxes of the Eisenhower years.