Wednesday, April 7, 2010 as of 11:14 AM ET
Citigroup Inc. () or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States.
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P. Morgan Chase & Co.'s (JPM) James Dimon is turning to a long-time protege as his Mr. Fix-It.Michael Cavanagh, 46, currently head of the bank's Treasury & Securities Services group, will head up a swat team of senior bankers and traders culled from throughout the company. Their goal is to assess what went wrong in the events leading up to $2 billion of losses from a complex derivatives trade out of its London offices.Cavanagh will continue to be chief executive of the treasury services group, which houses J. P. Morgan's sizeable custody and servicing businesses, but he will "be largely dedicated" to the investigation for the immediate future, the bank said in a press release on Monday."Mike will ensure that best practices and lessons learned are carried across the firm," J. P. Morgan said.Dimon and the bank have been reeling from the fallout of the loss since it was revealed in a securities filing and a hastily organized press conference last Thursday. The incident has tarnished wh...In a little-publicized report on a little-known provision in the health-care law, the administration detailed $1.8 billion in reimbursements to corporations, unions,...
S&P Chief Economist David Wyss, John Thomas Financial CEO Tom Belesis, and PFC Energy Chairman Robinson West on how the economic data and oil prices are affecting the markets.
NEW YORK -(Dow Jones)- Citigroup Inc. (C) swung to a fourth-quarter profit as lending strengthened overseas, but revenue from bond trading took a severe hit from the...
Edward Pinto of the American Enterprise Instituteon why he believes Fannie Mae and Freddie Mac should be wound down.
NEW YORK (Reuters) - Citigroup Inc failed tosilence prominent analyst Mike Mayo in a much-publicizedmeeting between the bank's senior executives and its long-timecri...
FBN's Charlie Gasparino breaks down the latest developments between Citigroup and analyst Mike Mayo.
Dick Bove of Rochdale Securities argues Citigroup's problems go back 30 years.
William Black of the University of Missouri weighs in on bank failures and the health of their balance sheets.
Not only is Citigroup getting stronger, but it’s the only US bank with the global footprint big enough to take on the likes of global giants like HSBC in emerging ma...
July 15, 2010 12:35 PM Pandit Speaksby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome Average: 4.6 ( 25 votes)Comments »Not only is Citigroup getting ...
Matt McCall, president of Penn Financial Group, discusses his top biotech, manufacturing and financial stock picks.
U.S. Economic Recovery Advisory Board Chairman Paul Volcker discusses the measures within Sen. Chris Dodd's financial-regulatory reform bill.
“Red Eye” Ombudsman Andy Levy on the big bonuses and allowances given to CEOs.
FBN's Charlie Gasparino with news that the California attorney general told FOX Business that the state may have a decision on the robo-signing mortgage deal early next week.
Citigroup (NYSE:C), the country’s third-largest bank by assets, surprised the markets Tuesday by missing its fourth-quarter earnings estimates, as revenue from its t...
Citigroup (NYSE:C) reported an 11% decline in fourth-quarter earnings that missed Wall Street expectations, as Citi Holdings assets continued to decline and the comp...
Ariel Investments Vice Chairman Charles Bobrinksoy argues financials are a cheap investment.
Citigroup (NYSE:C) beat the Street on Friday by revealing a 24% bump in second-quarter profits as the financial heavyweight parlayed tumbling loan-loss provisions in...
Richard Peterson, Standard & Poor's Valuation and Risk Strategies director, gives his predictions on upcoming earnings growth.
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