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Citigroup News

Record bank bonuses of $156 billion expected for 2011

Yet again the banks are expected to announce record bonuses, estimated to be $156 billion for 2011. These bonuses are not confined to the U.S.
In the Media by Katerina Nikolas - 1 comment

Federal Judge rejects Citigroup – SEC settlement

New York - A federal judge rejected a $285 million dollar settlement between Citigroup and the Securites and Exchange Commission Monday after determining that the American financial watchdog had to prove – rather than just claim - the bank committed fraud.
In the Media by Mike Lapointe - 5 comments

Was a Citigroup banker fired for being too sexy?

Could having a good figure and wearing attractive clothing get you fired? One Citigroup banker in New York is claiming that this is precisely what happened to her.
In the Media by Chris Stewart - 6 comments

Op-Ed: Wall Street still profiting at Main Street's expense

Stock market manipulations and subsidies continue profiting Wall Street at our expense -- a week after the stock market lost almost a trillion dollars in a matter of hours, the four largest banks claimed to make money for 63 trading days in a row
In the Media by Bill Lindner - 2 comments

U.S. Treasury to sell 7.7 billion shares stake in Citigroup

Washington - The United States Treasury Department has announced that it will sell its 7.7 billion shares stake in Citigroup that it acquired during the banker bailouts, amounting to $33.2 billion.
In the Media by Andrew Moran

Citigroup warns it may refuse to withdraw money to customers

As of April 1, Citigroup may not allow its customers to withdraw money from their accounts and could require an advanced notice of seven days for withdrawals.
In the Media by Andrew Moran - 3 comments

Abu Dhabi to Sue Citigroup for $4 Billion

The Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund owned by the oil-rich state in the United Arab Emirates (UAE) which shares its name, is suing the U.S. bank Citigroup for what it claims is fraudulent misrepresentation.
In the Media by Chris Dade

Op-Ed: Citigroup wants to repay TARP, Fed and markets not so sure

Citigroup, the world’s biggest financial convalescent, is trying to walk on its own by repaying the TARP money it received. It’s hoping to use re-capitalization from sales and a stock offering to cover the large hole in the operational capital.
In the Media by Paul Wallis

American Airlines' Parent Raises $2.9 Billion

AMR Corporation, parent of American Airlines, announced today that it has raised $2.9 billion in funds, chiefly through deals with Citigroup Inc. and General Electric.
In the Media by Chris Dade

Op-Ed: Citigroup says a lot, but who’s listening?

TARP is the big bailout, the Troubled Asset Relief Program. A bit of digging, and you’ll find a PDF which refers to Citigroup’s last quarter since the bailout. It's about what Citigroup has been doing with all that Federal money.
In the Media by Paul Wallis - 5 comments
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Citigroup


Citigroup Headlines

US banking giant Citigroup says its quarterly profits have declined amid "uncertainty" over the global economy.
Citigroup shareholders vote against giving top executives a bigger pay deal in a rare show of investor discontent.
Shareholders file a new lawsuit filed over executive pay at Citigroup.
Citigroup may get one step closer to a potential legal onslaught from shareholders if it proceeds with its compensation package that was contested by investors in a "say-on-pay" vote this week.
A Citigroup shareholder filed a lawsuit against Citigroup CEO Vikram Pandit and the bank's directors over a compensation package that was contested by investors in a rare failed "say-on-pay" vote this week.
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Citigroup Blogs

Mainstream media disinformation: Ron Paul quits campaign

Mainstream media is notorious for disinformation and smear propaganda especially when it comes to Ron Paul. The...
May 15, 2012 in  Ron Paul by Paul Bisnar - 2 comments

Definitive, Final Proof Of The Corruption, Greed, and Immorality Of The Political Class

Most of us have long suspected that the American political class had devolved to a state where personal political...
Nov 19, 2011 by Walter "Bruno" Korschek - 2 comments

Occupy Wall Street And The Ignorance Of Their Math

As most Americans know, there have been protests going on in major U.S. and international cities called Occupy Wall...
Oct 26, 2011 by Walter "Bruno" Korschek

The American Political Class: Bad For Our Investments, Great For Their Investments

Any American would be struck by a dichotomy of results from two recent investment studies. They seem to indicate that...
Oct 6, 2011 by Walter "Bruno" Korschek

What's Next? Roulette In The Rose Garden? Poker In the Press Room?

It is becoming obvious that the first two andf a half years of President Obama's term has not gone as he probalby...
Jul 29, 2011 by Walter "Bruno" Korschek
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