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Sivs

Legerdemath: Tricks of the Banking Trade

Omer Rosen | Posted 05.25.2011 | Business
Omer Rosen

I'd just turned 20 when I began a three-year stint on Citigroup's corporate-derivatives team. I had no work experience to speak of. As my boss said after my interview, I was "f***ing unpolished."

Brokers Suffered, While Customers Profited In 2007

New York Times | Floyd Norris | Posted 05.25.2011 | Business

The brokers' customers did reasonably well. The brokers did not. That is not the usual way of Wall Street. Two-thirds of a century ago, a best seller...

Is Your Cash Safe At The Banks?

Smart Money | Aleksandra Todorova | Posted 05.25.2011 | Business

You don't have to be an information addict these days to get a sense of the grim realities that the subprime-mortgage crisis and resulting credit crun...

Citigroup Bails Out Seven "SIV"s

AP | Posted 05.25.2011 | Business

Citigroup Inc. plans to assume control of the seven "structured investment vehicles" the bank advises to help them repay their debts. Citigroup will ...