Thursday, July 17, 2014
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.
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.
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.
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.
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."
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.
Wednesday, February 15, 2012
By Charlie Herman : Business and Economics Editor
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.
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.
Wednesday, October 19, 2011
By Ilya Marritz
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.
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.
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.