Citigroup Bailout

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Treasury Official Blames Fed For Citigroup Fiasco

HuffingtonPost.com | Ryan Grim | Posted 12.17.2009 | Business

Read More: Citigroup Tarp, Citigroup Bailout, Treasury Citigroup, Treasury, Federal Reserve, Herb Allison, Bernanke Citigroup, Business News

A top Treasury official blamed the Federal Reserve on Thursday for Citigroup's botched attempt to raise funds to pay back its federal bailout. The fin...

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AIG and the Season of Greed

Eric C. Anderson | Posted 12.08.2009 | Business

Read More: Corporate Greed, Goldman Sachs Bonuses, Executive Compensation, Citigroup Bailout, Aig Bonuses, Business News

I'm expressing my shareholder outrage at the behavior of AIG's top executives, who now want raises. President Obama's compensation czar needs to take a ruler to these executives' knuckles.

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NYT: Citigroup Hires Former S&L Crisis Lobbyist

The Huffington Post | Jenna Staul | Posted 10.12.2009 | Business

Read More: Lobbyblog, Citigroup Bailout, S, Citigroup, Business News

The New York Times takes a look at Citigroup's hiring of Richard F. Hohlt -- a former lobbyist with a controversial past who will now advise the volat...

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Dwight D. Eisenhower vs. Andrew J. Hall

Les Leopold | Posted 10.10.2009 | Business

Read More: Andrew J. Hall, Financial Crisis, Dwight Eisenhower, Wall Street, Bailout, Wealth, Citigroup Bailout, Economic Crisis, Business News

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.

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Citigroup is Well Run: Why The Treasury's Plan Will Fail

Bruce Judson | Posted 10.12.2009 | Business

Read More: Bruce Judson, Financial Bailout, Bailout, Glass-Steagall, Citigroup, Treasury Department, Citigroup Bailout, Remaking Fiscal Policy, Treasury Department Stress Tests, Citigroup Management Good Review, Business News

The modern history of finance, combined with ever advancing technology, shows that the locus of the next crisis is not predictable. We will always be regulating to prevent the causes of yesterday's failure.

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Bailed-Out Bankers Stand To Make Millions In Options

Reuters | Posted 10.17.2009 | Business

Read More: Bailout, Goldman Sachs Bailout, Financial Crisis, Bankers, Citigroup Bailout, Chase Bailout, Business News

NEW YORK (Reuters) - As shares of bailed-out banks bottomed out earlier this year, stock options were awarded to their top executives, setting them up...

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Citi Close To Secret Deal With Regulator

Financial Times | Posted 08.15.2009 | Business

Read More: Vikram Pandit, Citi Bailout, Citi, Citi FDIC, Citigroup, Citigroup Bailout, Citi Secret Deal, Business News

Citigroup is close to a secret agreement with one of its main regulators that will increase scrutiny of the US bank and force it to fix financial, man...

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Citi Sharply Raises Interest Rates On Credit Cards Months Before New Rules Take Effect

Financial Times | Posted 07.31.2009 | Business

Read More: Citi, Citi Bailout, Credit Card Interest Rates, Citigroup Bailout, Citigroup, Citi Credit Cards, Citigroup Credit Cards, Business News

Citigroup has sharply increased interest rates on up to 15m US credit card accounts just months before curbs on such rises come into effect, in a move...

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Citigroup Error Stops Some Mortgage Applications Because of Lost Data

bloomberg.com | Josh Fineman and Bradley Keoun | Posted 07.25.2009 | Business

Read More: Citigroup, Vikram Pandit, Citigroup Bailout, Mortgage Applications, Mortgage Crisis, Business News

June 24 (Bloomberg) -- Citigroup Inc. suspended loan applications at a unit that produced half of its $115 billion in mortgages last year after a revi...

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Citigroup Raising Salaries As Much As 50%

AP | Stephen Bernard | Posted 07.24.2009 | Business

Read More: Citi, Citi Bailout, Citigroup Pay, Citi Raising Pay, Citigroup Bailout, Citigroup Salaries, Citigroup Raising Pay, Citigroup, Business News

NEW YORK (AP) -- Citigroup Inc. is increasing base salaries for many of its employees as it restructures its compensation program amid new restriction...

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Citigroup Bonuses: Bank Pays Millions To London Traders

The Huffington Post | Ryan McCarthy | Posted 07.10.2009 | Business

Read More: Tarp Bailout, CEO Pay, Citigroup Bailout, Troubled Asset Relief Program, London Bonuses, Wall Street Pay, Executive Compensation, Citigroup, Business News

The timing couldn't be better. With the Obama administration readying new compensation guidelines for certain financial companies, Forbes reported Tue...

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BofA, Citi Risk Getting Left Behind By Healthy Rivals

Reuters | Posted 07.03.2009 | Business

Read More: Citi, Goldman Sachs, JPMorgan Chase, Citigroup, Bank of America, Citigroup Bailout, BofA Bailout, Bofa, Citi Bailout, Business News

Bank of America Corp (BAC.N) and Citigroup Inc (C.N) may be at risk of getting left behind. Rivals including JPMorgan Chase & Co (JPM.N) and Goldma...

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Citi Halts Severance Payouts To Some Former Execs

Reuters | Posted 07.02.2009 | Business

Read More: Citigroup Bonuses, Citi Bailout, Citigroup, Citigroup Payouts, Citigroup Bailout, Business News

(Reuters) - Citigroup Inc (C.N) told about five former top executives that they will not be paid tens of millions of dollars in promised severance pay...

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The Greatest Swindle Ever Sold

Andy Kroll | Posted 06.26.2009 | Business

Read More: Tarp, Wall Street Bailout, Wall Street Bailouts, Bailout, Citigroup Bailout, TARP Money, Bank of America, Taxpayer Money, Aig, Bank of America Bailout, Citigroup, Business News

It's not your health that the government is focused on, it's theirs -- the very banks whose convoluted financial systems brought us to the brink of another Great Depression.

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BofA, Citi Make Last-Ditch Attempts To Convince Feds They Don't Need To Bolster Balance Sheets

Reuters | Posted 06.03.2009 | Business

Read More: Bank of America, Bank of America $10 Billion, Citgroup, Bank of America Bailout, Citigroup Bailout, Bank of America Stress Test, Citi Stress Test, Business News

Bank of America Corp is working on plans to raise more than $10 billion in fresh capital, even as it and Citigroup Inc launch last-ditch attempts to c...

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Citi's Annual Meeting: Shareholders Get Angry Though All Directors Get Elected

AP | MADLEN READ | Posted 05.22.2009 | Business

Read More: Citigroup Shareholders, Citi Annual Meeting, Citigroup Annual Meeting, Citigroup Bailout, Citigroup Annual Shareholder Meeting, Citigroup, Business News

NEW YORK — Five hours and dozens of angry speakers into Citigroup Inc.'s annual meeting Tuesday, a long line of shareholders still waited at the...

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Citigroup Plans to Lay Off A Third Of Cleaning Force While Taking Bailout Money

Eric Morse | Posted 05.03.2009 | Politics

Read More: SEIU 32BJ, Efca, Citigroup CEO, Citigroup Layoffs, Cleaning, Labor Unions, Citigroup Bailout, Seiu, Citigroup, Politics News

As the recipient of a $50 billion tax-payer bailout, Citigroup has come under fire for its corporate spending practices, including a planned $10 million renovation of corporate office suites and a $7.7 million bonus for embattled CEO Vikram Pandit.

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Powerball Jack and the Wall Street Bailout

Don McNay | Posted 04.16.2009 | Business

Read More: John Thain Decorator, John Thain, Wall Street Bailout, West Virginia, Main Street, Powerball Winner, Immediate Annuities, Jack Whitaker, Wv, Gambling, Merrill Lynch, Private Jets, Hurricane West Virginia, Kentucky, Wall Street Bonuses, Lexington KY, Personal Finance, Casinos, Lottery, Toliets, Annuities, Lotteries, Powerball, Lottery Winner, Charleston, Aig, Don McNay, Structured Settlements, Wall Street, Citigroup Bailout, Annuity, Citigroup, Business News

If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.

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Citigroup Enters Union Fray With Anti-EFCA Call

HuffingtonPost.com | Sam Stein | Posted 04.12.2009 | Politics

Read More: Citigroup Chamber of Commerce, Efca Seiu, Seiu Afl-Cio, Efca Conference Call, Chamber of Commerce EFCA, Citigroup Employee Free Choice Act, Citigroup Bailout, Citigroup, Bailout Recipients Employee Free Choice Act, Politics News

Embattled financial giant Citigroup Inc., which has received at least $50 billion in federal bailout funds, hosted a private conference call on Wednes...

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Citigroup Execs' $2.2 Million Windfall

bloomberg.com | David Scheer | Posted 04.12.2009 | Business

Read More: Citigroup Stocks, Citi, Stocks, Citigroup Bailout, Citigroup, Business News

March 12 (Bloomberg) -- Four Citigroup Inc. executives who bought the bank's stock last week have already generated a $2.2 million paper profit, regul...

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Citigroup's History Of Overreaching, Then Being Rescued

Washington Post | Binyamin Appelbaum | Posted 04.11.2009 | Business

Read More: Vikram Pandit, Citi, Citigroup Government, Citi Bailout, Citigroup CEO, Citigroup Bailout, Bailout Citigroup, Citigroup, Bailout Outrage, Business News

When Citicorp and Travelers Group agreed on a historic merger in 1998, the heads of the two companies placed a courtesy call to inform the Treasury De...

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U.S. Weighs Further Steps For Citi

Wall Street Journal | DAMIAN PALETTA, JON HILSENRATH and DAVID ENRICH | Posted 04.09.2009 | Business

Read More: Citi Bailout, Citigroup Rescue, Pandit Memo, Economy, Contingency Planning, Financial Crisis, Citi Rescue, Citigroup Bailout, Business News

Barely a week after the third rescue of Citigroup Inc., U.S. officials are examining what fresh steps they might need to take to stabilize the bank if...

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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...

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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 ...

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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...

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