Streams

 

 

Citigroup

WNYC News

After Bankruptcy, Banks Still Go After Some Debts

Thursday, November 13, 2014

In what's been likened to a hostage situation, some banks are still extracting payments from debtors who've already filed for bankruptcy, according to the New York Times.

Comment

The New Yorker: Political Scene

James Surowiecki on the Citigroup settlement and Jelani Cobb on race and partisanship.

Thursday, July 17, 2014

James Surowiecki on the Citigroup settlement and Jelani Cobb on race and partisanship.

Comment

Listen to Lucy

The first word in mangled meanings

Monday, January 07, 2013

The first word in mangled meanings

Comment

Money Talking

Money Talking: Why Big Banks Are Downsizing

Friday, December 07, 2012

The nation's biggest banks are facing job losses, falling revenue, big spending cuts, not to mention core questions about their very size and scope.

Comment

WNYC News

Citigroup to Cut 11,000 Jobs, a Familiar Story

Wednesday, December 05, 2012

Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat.

Comment

Money Talking

Money Talking: What Pandit's Exit at Citigroup Says About the Future of Banks

Friday, October 19, 2012

The sudden departure of Citigroup CEO Vikram Pandit has sparked a conversation about where the bank is headed under new leadership and what it says about the so-called "too big to fail" banking behemoths.

Comment

WNYC News

Citigroup's Performance Foreshadowed CEO's Departure

Tuesday, October 16, 2012

Citigroup's CEO Vikram Pandit abruptly resigned Monday, surprising nearly everyone from bank employees to Wall Street. But given the company’s performance during Pandit’s tenure, perhaps his departure should not have been unexpected.

Comment

WNYC News

Citigroup Agrees to Pay $590M in Shareholder Suit

Wednesday, August 29, 2012

Citigroup has agreed to pay $590 million to settle legal claims by shareholders that its executives misled them about the bank's growing problems before the financial crisis.

Comment

The Takeaway

Whistleblower Exposes Dishonest Practices at Citigroup

Thursday, May 31, 2012

Sherry Hunt grew up in the Midwest, wears plaid flannel shirts, and likes to ride horses. She is also the whistleblower who cost Citigroup $158.3 million and exposed deep deceptions at the massive bank. In an expose out today in Bloomberg Markets Magazine, projects and investigations reporter Bob Ivry details the cover-up culture at Citigroup — and the courage it took for Hunt to come forward.

Comments [2]

Money Talking

Money Talking: Murdoch, Banks and a New Era of Corporate Accountability

Friday, May 04, 2012

A British parliamentary committee calls News Corporation's Rupert Murdoch "not a fit person to exercise the stewardship of a major international company.” Shareholders upset with Chesapeake Energy’s CEO Aubrey McClendon force him to give up his role as chairman of the board. And pay packages for bank executive are being challenged. It just might be the dawn of a new era of corporate accountability.

Comment

The Takeaway

Executive's $15 Million Pay Package Denied by Citigroup Shareholders

Wednesday, April 18, 2012

Citigroup shareholders have voted down the bank's $15 million pay package for its chief executive, Vikram Pandit. It's the first time that stock owners have united in opposition to outsized compensation at a major bank. Is this a new era of bank backlash? Eleanor Bloxham is the CEO of The Value Alliance, a board advisory firm, and Peter Morici is a macroeconomist and professor of international business at the University of Maryland. He is also the author of several books, including "Antitrust in the Global Trading System."

Comment

WNYC News

NY Appeals Court Gives SEC-Citigroup Deal New Life

Thursday, March 15, 2012

A federal appeals court says a judge may have overstepped his authority when he blocked a $285 million settlement over toxic mortgage securities.

Read the court order here.

Comment

WNYC News

Citigroup to Pay $158.3 Million to Settle Mortgage Fraud Charges

Wednesday, February 15, 2012

Citigroup’s mortgage unit has agreed to pay $158.3 million to settle charges that it defrauded a U.S. government home loan insurance program.

Comment

WNYC News

NYC Judge Stands Behind SEC-Citigroup Ruling

Tuesday, December 27, 2011

A New York City judge says his decision blocking a $285 million settlement over toxic mortgage securities should stand.

Comment

WNYC News

More Financial Job Cuts Could Impact Wall Street

Thursday, December 15, 2011

Investment bank Morgan Stanley announced it will cut nearly 1,600 people after seeing business fall in its investment banking and trading divisions.

Comments [1]

WNYC News

Citigroup CEO Says Job Cuts Coming

Tuesday, December 06, 2011

Citigroup Inc. is eliminating 4,500 jobs in its latest effort to cut costs. The bank will take a $400 million charge in the fourth quarter as a result.

Comment

WNYC News

City Judge Rejects $285M SEC-Citigroup Agreement

Monday, November 28, 2011

A federal judge in New York has struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, citing a need for truth about the financial markets.

Comments [3]

WNYC News

Citi Pays $285 Million to Settle Charges It Deceived Investors

Wednesday, October 19, 2011

Citigroup has settled charges by the Securities and Exchange Commission that one of its subsidiaries deceived investors in a mortgage-related product right before the collapse of the housing market.

Comment

The Takeaway

Goldman Sachs and Bank of America to Report Earnings

Tuesday, October 18, 2011

Bank of America and Goldman Sachs are scheduled to release their earnings reports for the third quarter today. Yesterday, Citigroup reported a 74 percent rise in their earnings and Wells Fargo reported a 21 percent increase, and last week JP Morgan reported a 4 percent fall in profits. Morgan Stanley and U.S. Bancorp are expected to release their reports on Wednesday.

Comment

The Brian Lehrer Show

Banker to the World

Friday, May 13, 2011

William Rhodes, former senior vice chairman of, and currently senior advisor to, Citigroup and Citibank, talks about his career, including working abroad with such figures as Fidel Castro, and his new book, Banker to the World: Leadership Lessons from the Front Lines of Global Finance.

Comments [13]