Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Bank of America Corp. won approval for its first dividend increase since the financial crisis.
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Read More »Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Bank of America Corp. won approval for its first dividend increase since the financial crisis.
Tagged with: Citigroup
Read More »The agreement includes 3.7 million mortgages originated from 2000 to 2012 and sold to Fannie Mae.
Tagged with: Citigroup Fannie Mae
Read More »Hassan Nemazee, a top fundraiser for President Barack Obama and Hillary Clinton who was arrested last month for defrauding banks, was indicted by a grand jury for stealing $292 million from Citigroup, HSBC Holdings and Bank of America. Prosecutors last ...
Tagged with: Bank of America Citigroup Hassan Nemazee HSBC Holding
Read More »The president inspired us all last week with his speech before Congress on the state of our nation, but what the heck is really happening? I will be the first to admit I am no economist. I will not pretend ...
Tagged with: Barack Obama Citibank Citigroup economy
Read More »For two centuries, Wall Street survived wars, depressions, bank panics and terrorist attacks. Now Wall Street as we know it is dead. Gone. When a healthy and thriving person dies suddenly, a medical examiner may talk to family and friends ...
Tagged with: Citigroup Goldman Sachs Harvard MBA Merrill Lynch Wall Street
Read More »My guess is that a large number of out-of-work Americans wouldn’t mind having their own office with secretarial help, even if they have no actual job to do there. For those in foreclosure, those laid-off, they could get some rest ...
Tagged with: Bank of America Charles Prince Citigroup economy John Reed Manhattan Stanley O'Neal unemployment Willam Schreyer
Read More »Barack Obama has promised many times that he will have the most accountable administration in history. But early on, he missed two opportunities to show he means what he says. First, Tim Geithner's nomination to head the Treasury Department should have been withdrawn once his weaknesses were apparent. Second, Obama should have never picked Eric Holder to be attorney general.
Tagged with: accountability Andrew Cuomo attorney general Barack Obama Citigroup Dick Cheney Eric Holder executive bonuses George W. Bush Lewis Libby Tim Geithner Treasury Department
Read More »The U.S. economy has little chance of recovering from what may prove to be its worst recession since World War II unless President Barack Obama shows he can get banks to lend money again. Since the Bush administration and Congress ...
Tagged with: bank Bank of America Barack Obama Citigroup Congress JPMorgan Chase & Co. Troubled Asset Relief Program
Read More »It is fascinating to watch the powerful fall to the rule of the people. No better example is Citigroup’s capitulation to Sen. Charles Schumer regarding his initiative to revise the U.S. bankruptcy law as a way to stop the bleeding ...
Tagged with: Bankruptcy Law Charles Schumer Citigroup
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