Sustainability| More...
 

Citibank

Alexander Hamilton's Scorn: Reflecting on AIG, Goldman, Hank Paulson and Bob Rubin

Steve Clemons | Posted 04.16.2009 | Politics

Read More: Alexander Hamilton, Bank of New York, Department of the Treasury, Hamilton Project, Executive Bonuses, Barack Obama, Lawrence Summers, Robert Rubin, Goldman Sachs, Aig, Citibank, Tom Daschle, Henry Paulson, Timothy Geithner, American Financial Crisis, Nancy Killifer, Ron Chernow, Politics News
Steve Clemons

While many are criticizing the gross AIG taxpayer-funded bonuses of senior executives, the truth is that this kind of corruption is relatively small time -- even at $165 million -- and was predictable.

Read Post

Citigroup Nominates 4 Directors

AP | Posted 04.16.2009 | Business

Read More: Citibank, Citigoup Directors, Citigroup CEO, Directors Citigroup, Citigroup, Business News

NEW YORK — Citigroup has nominated four new independent directors _ including two former bank chief executives and two other financial experts _...

Read Whole Story

Jason Linkins

Iraqis To Get Banking Advice From Zombies

HuffingtonPost.com | Jason Linkins | Posted 04.10.2009 | Politics

Read More: Citibank Losses, Iraq War, Economic Crisis, War in Iraq, Citibank, Financial Crisis, Iraq, Politics News

You know, with all the trouble we've been having with the economy here at home, chances are that concerns over who advises the Iraqis on their banking...

Read Whole Story

Dow ends up nearly 380 on Citigroup profit news

AP | SARA LEPRO and TIM PARADIS | Posted 04.10.2009 | Business

Read More: Tuesday Stock Market, Vikrim Pandit, Citigroup Profit, March Stock Market, Citibank, Business News

NEW YORK — Wall Street snapped out of its stupor and posted its best performance of the year Tuesday, finding a badly needed glimmer of optimism...

Read Whole Story

Citi Said To Have Paid $13 Million To Brokers After Cancelling Corporate Trips, Perks

Huffington Post | Julie Satow | Posted 04.09.2009 | Business

Read More: Citigroup Brokers, Citigroup Primerica, Citigroup Bailout, Citibank, Citigroup Nationalization, Primerica Financial Services, Citigroup, Primerica, Bailout Outrage, Business News

According to Bloomberg, Citigroup paid 1,900 insurance brokers at its Primerica Financial Services unit a total of $5,000 each after it scrapped a tri...

Read Whole Story

Citigroup Stock Sinks To An All-Time Low Of 97 Cents

Huffington Post | Julie Satow | Posted 04.05.2009 | Business

Read More: Citi, Citibank, Citigroup Rescue, Citigroup Bailout, Citigroup, Slideshow, Business News

Shares of Citigroup, once the nation's most powerful bank, hit an all time low of 97 cents on Thursday. It is a 95.56% drop from the same period last ...

Read Whole Story

Welcome To The New Citibank (Note: It's Horrible)

Huffington Post | Alex Leo | Posted 04.05.2009 | Comedy

Read More: The New Citibank, Nationalized Citibank, Funny or Die, Funny Videos, Citibank, Video, New Citibank, Welcome to the New Citibank, Welcome to the New Citibank Video, Nationalized Citi Video, Comedy News

Pundits spend a lot of time telling us what nationalizing banks will do to us on a political level, philosophical level, international level, but they...

Read Whole Story

Sandy Weill: "Apoplectic" That He Hasn't Been Consulted On Citigroup Crisis

nytimes.com | Posted 04.04.2009 | Business

Read More: Citigroup Bailout, Sandy Weill and Citigroup Bailout, Sanford I. Weill, Sandy Weill, Ex Citigroup Chief, Citibank, Business News

Sanford I. Weill, the former chief executive of Citigroup who built the firm into the financial supermarket that is struggling to stay afloat today, i...

Read Whole Story

Citi Will Allow Unemployed Homeowners To Pay Less On Loans

Wall Street Journal | RUTH SIMON | Posted 04.02.2009 | Business

Read More: Citi Offers Lower Mortgage Payments, Citigroup Lowers Payments, Citi Mortgage, Citibank, Business News

Citigroup Inc. will announce Tuesday a new program aimed at addressing the latest challenge facing the mortgage industry: unemployed homeowners. Unde...

Read Whole Story

Geithner's Folly

Robert Kuttner | Posted 04.01.2009 | Politics

Read More: Economy, Tim Geithner, 100 Days, Citibank, Banking Crisis, Financial Crisis, Banks, Timothy Geithner, Zombie Banks, New York/New York, Politics News
Robert Kuttner

All of Obama's good work will be for naught if his team doesn't get the banking system functioning again.

Read Post

Please Raise My Taxes President Obama

Michael B. Laskoff | Posted 03.30.2009 | Politics

Read More: Taxes, R. Allen Stanford, Aig, Barak Obama, Unemployment, Steve Cohen, Housing, Peter Orzag, Budget, Citibank, Bear Stearns, Timothy Geithner, Bernard Madoff, Jim Cooper, Citigroup, Politics News
Michael B. Laskoff

When I was at Harvard Business School, we inherited a joke that has passed from class to class. It goes something like this: the whole HBS education ...

Read Post

Wall Street slides after Citigroup-government deal

AP | TIM PARADIS | Posted 03.30.2009 | Business

Read More: Government Citigroup Stake, Citibank, Citigroup, Friday Stocks, Business News

NEW YORK — Wall Street ended another unforgiving month with a steep loss _ one that left the Dow Jones industrial average at less than half its ...

Read Whole Story

Citigroup, Gov Reach Deal For Up To 36% Stake

AP | MARTIN CRUTSINGER | Posted 03.30.2009 | Business

Read More: Wall Street Bailout, Geitner Nationalization, Nationalization, Bailout, Citigroup 40%, Citibank, Timothy Geithner, Bank Bailout, Geithner Nationalization, Citi Nationalization, Geithner Citibank, Citigroup Nationalization, Citigroup, Business News

WASHINGTON — The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 perce...

Read Whole Story

U.S. Is Said To Agree To Raise Stake In Citigroup

New York Times | ERIC DASH | Posted 03.29.2009 | Business

Read More: Citigroup Third Bailout, Stake of 30 to 40 Percent, Treasury Increases Stake in Citi, Citibank, Business News

The Treasury Department reached a deal late Thursday to take a stake of 30 to 40 percent in Citigroup as part of a third bailout of the embattled bank...

Read Whole Story

Citibank Hates Old People

Mena Trott | Posted 03.29.2009 | Business

Read More: Interest Rates, Tarp, Elderly, TARP Money, Economy, Economic Crisis, Credit Crisis, Credit Card Debt, Credit Cards, Credit Crunch, US Economy, Vikram Pandit, Bailout, Banking, Citibank, Banks, Bank Bailout, Citigroup, Business News
Mena Trott

During the election there was a lot of talk of not using a hatchet when a scalpel is needed. It seems as if Citibank just brought out their hacksaw and blunt hatchet.

Read Post

Citigroup-Government Stake Deal Could Come As Soon As Today: Wall Street Journal

Wall Street Journal | Posted 03.29.2009 | Business

Read More: Citibank, Wall Street Journal, Citigroup, Citigroup Nationalization, Citigroup Government Aquisition, Business News

The Wall Street Journal is reporting that the government may take as much as a 40% stake in Citigroup today: Citigroup Inc. is closing in on an agree...

Read Whole Story

Nationalizing Banks, AIG, Carmakers: The News And What It Means

Huffington Post | Julie Satow | Posted 03.27.2009 | Business

Read More: AIG Citi Deals, Chrysler, Aig, Nationalizing Banks, Big Three Automakers, Nationalization, General Motors, Bank Nationalization, Citibank, Obama Nationalization, Aig-Citi-Deals, Treasury Deals AIG Citi, Treasury-Deals-Aig-Citi, Aig News, Business News

UPDATE: A new USA Today/Gallup poll finds that a majority of Americans (54%) favor a temporary government "takeover" of major U.S. banks, but a much l...

Read Whole Story

Citigroup Nationalization: Market Reacts To Talks Of 40% Gov Stake

AP | TIM PARADIS | Posted 03.26.2009 | Business

Read More: U.S. Economy, Citigroup Bailout, Economy, Citibank, Banking, Banking Crisis, Banks, Bank Bailout, Citigroup, Citigroup Nationalization, Citi Nationalization, Citigroup Stock, Bailout Outrage, Business News

NEW YORK — Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sigh...

Read Whole Story

Dow 11-Year Low Reached

Huffington Post | Julie Satow | Posted 03.23.2009 | Business

Read More: Bank of America, Stocks, Citibank, Bank Stocks, Gold, Stock Market, Dow Jones Industrial Average, Paul Volcker, Dow Jones, Business News

For immediate news on where the Dow is trading now go here. The Dow Jones Industrial Average fell below its lowest close since 1997 on concerns that ...

Read Whole Story

Citibank: Denmark Lending Stopped, Possible Sign Of Impending Bankruptcy

Credit Writedowns | Edward Harrison | Posted 03.23.2009 | Business

Read More: Bank Bankruptcy, Denmark Banks, Danish Banks, Citibank, Citibank Bankruptcy, Banks, Citibank Lending, Citibank Denmark, Business News

This comes from the Danish daily Berlingske Tidene. It suggests that Citibank is cutting back all international lending. Citigroup has sold its German...

Read Whole Story

Citi's Sale Of Unwanted Assets Flailing, Difficulty Raising Cash

New York Post | MARK DeCAMBRE | Posted 03.20.2009 | Business

Read More: Citi Cash, Citi, Citibank, Citigroup Bailout, Citi Asset Sales, Citigroup Asset Sales, Citigroup, Business News

Citigroup's quest to raise cash by selling the assets it doesn't want is falling flat, as would-be suitors have more interest in the parts of the busi...

Read Whole Story

Open Letter to My Mortgage Companies

Francine Hardaway | Posted 03.09.2009 | Business

Read More: Citibank, Crisis, Mortgage, Lehmann Brothers, Aurora Loan Services, Tarp, TARP Money, Money, Economy, Economic Crisis, Mortgage Crisis, Credit Crisis, Arizona, Credit Crunch, Subprime Mortgages, Lehman Brothers, Subprime Mortgage Crisis, Subprime Mortage Crisis, Business News
Francine Hardaway

No, I don't want to move in with my daughters. I want to ask you to re-finance my mortgage at the current value of my house at a 4.2% rate, like everyone in Congress is suggesting.

Read Post

Citi, Eight Others Lavish $872 Million On Sports Stadiums

Josh Fineman and Danielle Sessa | Posted 03.08.2009 | Business

Read More: Citibank, Citi Field, Sponsorships, Mets Stadium, Sports, Sports Sponsorships, TARP Money, Tarp, Business News

Feb. 5 (Bloomberg) -- Citigroup Inc., targeted by lawmakers for paying $400 million to put its name on the New York Mets' new ballpark, and eight othe...

Read Whole Story

Citibank Will Boost Lending By $36.5 Billion

AP | MADLEN READ | Posted 03.25.2009 | Business

Read More: Credit Availability, Lending Crisis, Credit Crunch, Credit Crisis, Lending Standards, Credit Markets Tight, Citibank Lending, Citibank, Bailout Outrage, Business News

NEW YORK — Citigroup, under pressure to increase its lending, says it will spend $36.5 billion to issue mortgages, make credit card loans and bu...

Read Whole Story

Citibank May Walk Out On Mets Stadium

Reuters | Posted 03.06.2009 | Business

Read More: Naming Rights, Citi, New York Mets, Mets Stadium, Citibank, Mets, Tarp, Baseball, Economy, Citi Field, Business News

Reuters) - Citigroup Inc is exploring the possibility of backing out of a nearly $400 million marketing deal with the New York Mets amid concerns over...

Read Whole Story