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Phibro

Commodities Trader Pardoned By Clinton Dies

Reuters | Posted 08.25.2013 | Business

* Pioneered spot market for crude oil * Indicted over illegal oil sales * 'Babe Ruth of asset concealment' ...

Legendary Trader's Fund Takes Huge Oil Losses

Posted 07.09.2011 | Business

NEW YORK - The flagship commodity fund run by top Phibro trader Andrew Hall suffered a 12 percent fall last week as oil prices tumbled, a fund inv...

Kenneth Feinberg, 'Pay Czar' fingerprints on Citi move to sell Phibro

Yahoo! News | Steve Eder and Karey Wutkowski | Posted 05.25.2011 | Business

NEW YORK/WASHINGTON (Reuters) -- The U.S. government's "pay czar" played a critical role in Citigroup's(C.N) decision to sell off its lucrative commod...

Goldman Turns Into a Financial Frankenstein While the Fed Snoozes Away

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Goldman was not assisted by the government to become a voracious and even heftier investment bank. Rather, one can presume that the government's assistance was to prevent systemic failure.

Citigroup's Phibro Unit To Be Sold To Occidental

AP | CHRIS KAHN | Posted 05.25.2011 | Business

NEW YORK — Occidental Petroleum will buy Citigroup's oil and gas trading unit Phibro for $250 million, the companies said Friday Citigroup Inc....

Citigroup Returns to Banking by Divesting Its Oil Trading Arm

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

It is scandalous that those in government vested with the responsibility of financial oversight have permitted a culture of "heads they win, tails we lose" to take hold and to grow into a financial Frankenstein.

Regulating Systemic Risk and Banker Compensation Will Not Fix What Is Broken on Wall Street

David Paul | Posted 05.25.2011 | Business
David Paul

The incentives to make big bets and take big risks has survived, but without the accountability. Today, the US Treasury and the Fed are trying to hold the pieces together. But why?

Citigroup's $100M Pay Package Eyed By Pay Czar

nytimes.com | STEPHEN LABATON and ERIC DASH | Posted 05.25.2011 | Business

WASHINGTON -- Citigroup is planning to claim that an energy trader who is due to receive compensation of $100 million this year should be exempt from...

Citigroup May Turn Loose Its $100M Man

nytimes.com | ERIC DASH | Posted 05.25.2011 | Business

Will Citigroup turn loose its $100 million man, Andrew J. Hall? After putting out feelers to sell its Phibro commodities business, including a brie...

$100 Million Payday Poses Problem For Pay Czar

nytimes.com | DAVID SEGAL | Posted 05.25.2011 | Business

In a few weeks, the Treasury Department's czar of executive pay will have to answer this $100 million question: Should Andrew J. Hall get his bonus? ...