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Reuters UK (Free subscription) | 2 hours ago
HONG KONG, July 6 (Reuters) - Citigroup on Monday named Shengman Zhang as chairman of Asia-Pacific, and Stephen Bird and Shirish Apte as joint chief executives of Asia-Pacific as the bank seeks to strengthen its global business as it emerges from the financial crisis.
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The Huffington Post (Free subscription) | 3 hours ago
WASHINGTON — They are the biggest of the big _ the Citigroups, the Goldman Sachses, the AIGs and other financial behemoths. The Obama administration doesn't want so many around anymore. Financial regulations proposed by the president would result in leaner and simpler institutions that don't carry the weight of the system on their marble columns. Around Washington and Wall Street they have come...
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Law Blog - WSJ.com (Free subscription) | 43 minutes ago
Citigroup named Stephen Bird and Shirish Apte as Asia-Pacific chief executives. The appointment of two experienced emerging market managers comes as the bank increasingly moves its focus overseas.
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Haqeeqat.Org (Free subscription) | yesterday
It's not just me. Others like cartoonist Matt Bors are also noticing the absurdity of the Twitter revolution that CNN is heavily promoting. Seriously, why the free advertising for Twitter? I mean, even the US military joined in when it arranged a free trip for Twitter owners to Iraq to meet tribal leaders and then arranged for coverage in all the major US news organizations. RELATED POSTS: Bailed...
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Steam Powered Opinions (Free subscription) | yesterday
Ross Kaminsky never fails. I read everything he writes on the Denver Post website and it is always the most batshit crazy wingnut jibberish that I regularly read. Today he goes above and beyond even his usual crazy, Do you work for AIG or GM? For Citigroup or the Department of Education? If so, then I wish you happy Dependence Day. Same if you work at a company which uses lobbyists to steer federal...
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BloggingStocks (Free subscription) | 04/07/2009
Filed under: Citigroup Inc. (C) , Bank of America (BAC) , Comfort Zone Investing Bank failures are good. They get rid of banks that are mismanaged and have no business being in banking. Bad management at many banks made lots of bad loans and deserve to go under. The biggest example was Washington Mutual. And Countrywide belongs in there as well. Of course, there are a large number of smaller, community...
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The Finance Blog (Free subscription) | 04/07/2009
By Chris A Smith Banks that issue credit cards are watching their default rates go through the roof and that's really bad news considering a proposed change in the Financial Accounting Standard. The new rule could force the banks to increase their cash reserves to cover bad loans leaving less money available for loans to small business and consumers. So how does this impact the consumer? If you are...
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FT.com (Free subscription) | 04/07/2009
Newspapers group Trinity Mirror added 3 per cent to 59¾p after Citigroup reiterated its "buy" rating, on the grounds that concerns over debts and competition...
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The Independent (Free subscription) | 04/07/2009
More sickening news for Citigroup An internal memo from Citigroup HQ in New York reaches our desk. Apparently, a member of staff has contracted swine flu and the bank's staff have been instructed to watch out for any symptoms they may develop themselves. As if the credit crisis-hit bank doesn't have enough to worry about.
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Times Online (Free subscription) | 04/07/2009
When Sir Win Bischoff was asked to step into the hot seat as chairman of Citigroup in late 2007, he said that he could not give an answer until he had called his wife. With the 68-year-old poised to take on the chairmanship of Lloyds Banking Group, it is unclear whether Rosemary has been consulted again about whether her husband should step into another one of the world’s toughest banking jobs....
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YourFINDit.com (Free subscription) | 04/07/2009
Sumitomo Trust is in final talks with Citigroup to buy Nikko Asset, Japan's third-largest mutual fund manager, for over 100 billion yen ($1 billion), Japanese media reported last week.
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AfriClassical (Free subscription) | 03/07/2009
[Lenae A. Harris] Chris Becker sends AfriClassical this press release: July 18, 2009 6pm Cornelia St. Cafe New York City “Incantations for Laptop and Cello” Chris Becker , Laptop Lenae A. Harris , Cello $10 cover “A set of composed and improvised incantations for laptop and cello recombining dub, classical, ambient, and hip-hop music into a seductive flow.” “Composer Chris...
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Breakout Performance (Free subscription) | 03/07/2009
SEC votes to approve new disclosure rule targeting conflict pay consultants Jul 1, 2009, 5:26 p.m. EST By Ronald D. Orol , MarketWatch WASHINGTON (MarketWatch) --The Securities and Exchange Commission on Wednesday voted unanimously to propose a rule giving shareholders a vote on the pay of executives at banks receiving funds from the federal government's bank-bailout program. The proposal was part...
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Times of the Internet (Free subscription) | 03/07/2009
NEW YORK, July 3 (UPI) -- U.S. banks are increasing fees for a variety of transactions in spite of massive taxpayer bailouts, industry research groups said. In June, Bank of America increased its monthly checking account fee from $5.95 to $8.95. Citigroup and PNC Financial now charge 3 percent for using a debit card overseas, the Charlotte, N.C., Observer reported Friday. Researchers at Moebs Services...
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Buffett Junior - Investment Blog (Free subscription) | 03/07/2009
Trader Mark submits: Like many groups, insurance was highly shorted in late winter, and once momentum jumped in the group, investors betting against the group were crushed. Further helping insurance firms specifically was the government riding to the rescue TARP], ala commercial REITs, banks, et al. [Mar 12, 2009: The Next Big Bailout Choice - Insurance] As [...] Related posts: Better Late than Never?...
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