If Americans like the idea of self-employment and know it presents the greatest opportunity for growth, what is stopping some of them from taking the plunge?
Sept. 9 (Bloomberg) -- Charles O. "Chuck" Prince and Robert Rubin were among Citigroup Inc. officials who knew 2007 losses were mounting on mortgage a...
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.
The following is also posted on Johnson's blog, BaselineScenario.com.
"Breaking up big banks would actually increase system risk" is a refrain heard f...
Here's the danger: the centralization of risk and power is leading us right into another disaster. We need to get the banking oligopoly under control. But Jamie Dimon is fighting back tooth and nail. And that's why we must fight Jamie Dimon.
(We'll be running a live blog of the testimony at the Financial Crisis Inquiry Commission's latest round of hearings in Washington, D.C. Former Federa...
A top Citigroup official testified Wednesday that the firm was reducing its risk to subprime mortgage products as early as 2006, fully expecting housi...
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...
Chairman Angelides was apparently unaware that Citigroup had reason to be deeply alarmed by the events that caused the Bear Stearns hedge funds to implode.
Sandy Weill, Citigroup's former chairman and chief executive, has acknowledged that the planning that led to the choice of Chuck Prince as his success...
I've been in business for about 5,427 dog years and at no time during my career has there ever been a day when somebody wasn't worried about what some security analyst was writing about us.
Many of you know celebrity astrologer Susan Miller as the uncannily accurate predictor of your fate. You're in good company: She's got A-listers like ...
Ah, what a dumb year it was! Fortune chose the absolutely dumbest of the dumb that the gods of fate and humor delivered into our laps - and yours - th...
Citigroup Inc. named Vikram Pandit, the head of its investment banking business, as its chief executive officer Tuesday, charging him with restoring t...
The winner of this year's Worst CEO of the Year, awarded annually by this column, isn't a CEO at all, but might as well be: Sears Holdings Chairman Ed...
Deutsche Bank boss Josef Ackermann is the latest executive to turn down a chance to be the top dog at Citigroup - a sign there could be more trouble a...
Flush with petrodollars, oil-producing countries have embarked on a global shopping spree.
With a bold outlay of $7.5 billion, the Abu Dhabi Investme...
Citigroup Inc. had a Prince, but now it needs a king.
As the bank hunts for a chief executive officer to succeed Charles Prince, it is becoming clear...
Losses are mounting. CEOs are quitting. Bonuses are plummeting. And here's what we've learned about what's going on on Wall Street these days from rea...
Citigroup Inc., the world's biggest bank, may have losses from asset-backed bonds of as much as $13.7 billion, roughly equal to the company's profit s...