Citigroup – Observer

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Barclays Names Retail Banker as New CEO; Citigroup to Pay $590 Million to...

August 30, 2012, 4:45 am

Barclays named Antony Jenkins, head of retail and business banking at the British lender, as its new chief executive. Mr. Jenkins, who started his career at Barclays in 1983, replaces Bob Diamond, who...

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What Shining New Tower Might Citi Help Build?

August 30, 2012, 7:17 am

Citigroup owns some of the most iconic office buildings in the city. Not only is there its headquarters at 601 Lexington, with its jagged roof and gravity-defying base, but also Queens’s tallest tower...

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German Lender is Suing Everybody; Nomura Cost Cuts Hit Europe Unit; Roundup

September 6, 2012, 4:22 am

IKB Deutsche Industriebank AG is suing everybody, or at least it seems that way: the German lender is suing Citigroup and Goldman Sachs over losses of $137.4 million and $73.2 million, respectively, on...

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JPMorgan’s Dimon In Line for Lower Bonus? UBS Rogue Trader Trial Starts in...

September 10, 2012, 4:19 am

JPMorgan’s board of directors is weighing lower bonuses for CEO Jamie Dimon and other top executives in light of the $5.8 billion trading loss the firm suffered this year, according to The Wall Street...

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Brokerage Decision May Favor Morgan Stanley Over Citi; Regulator Who Probed...

September 11, 2012, 4:23 am

Morgan Stanley is going to win out over Citigroup when a mediator places a value on the Morgan Stanley Smith Barney brokerage, The New York Post reports. The two banks have disputed the value of the...

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Nasdaq Says It Won’t Sweeten Compensation Pool for Facebook IPO

September 19, 2012, 4:13 pm

So the buck stops … here? After technical glitches at Nasdaq on the day of Facebook’s initial public offering cost market makers millions of dollars, a pattern emerged. Nasdaq would offer to make good...

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UPDATED: Sheila Bair Has 170 or So Words For Vikram Pandit

September 26, 2012, 11:04 am

Last month, we noted that former FDIC Chairman Sheila Bair had some choice words regarding Citigroup CEO Vikram Pandit in her new book, Bull By the Horns. After Citi said he was stepping down in a...

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From Vikram’s Mouth to God’s Ear

September 28, 2012, 2:16 pm

There was a funny thing that happened this summer, which is that Mr. Universal Banker Sandy Weill went on CNBC and said that the supermarket model of banking that he pioneered was a good idea at the...

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Vikram Pandit Steps Down at Citigroup, Michael Corbat Steps Up, Jim Cramer...

October 16, 2012, 7:14 am

Mr. Corbat Vikram Pandit is stepping down as chief executive officer of Citigroup, and the executive who divested the bank’s toxic assets in the wake of the financial crisis is moving into the bank’s...

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Three Explanations for Vikram’s Sudden Citigroup Goodbye

October 16, 2012, 12:04 pm

Citigroup announced that chief executive officer Vikram Pandit was stepping down today. So the “king” is dead, or you know, getting ready for a little vacation. That doesn’t mean the rest of us...

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More Excerpts From Goldman Sachs Tell-All; Rajat Gupta Seeks Rwandan...

October 18, 2012, 5:24 am

Politico got its hands on a copy of Greg Smith’s Why I Left Goldman Sachs, and published some excerpts yesterday. There’s an allegation that the bank advised clients to buy and sell stock options on...

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Quit Now, Quit Later or Be Canned: See, Leaving Citi Really Was Vikram...

October 26, 2012, 9:04 am

World Economic Forum/Alexandre Campbell We’re not sure that anyone ever believed that Vikram Pandit was acting purely of his own volition when he stepped down as chief executive officer of Citigroup...

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On Second Thought, Stock Exchanges Closed for Storm

October 29, 2012, 4:51 am

In the end, U.S. stock markets decided to heed the storm. The New York Stock Exchange had planned to open trading electronically while shuttering its physical trading floor. “We are open for business...

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Ever the Contrarian, Economist Willem Buiter Buys On the Far West Side

January 31, 2013, 3:32 pm

He calls it like it is. And buys condos in the Aldyn. We wonder… when Citigroup’s chief economist was looking for a condo, did he ask his broker: “Would you tell me please, which way I ought to go?”...

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$350M From Citigroup, Pension Funds and Other Banks to Boost Affordable Housing

July 30, 2014, 1:41 pm

Photo via Getty Images Mayor Bill de Blasio announced a $350 public-private partnership to renovate and build affordable housing throughout the city Wednesday, a step toward his goal of creating or...

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