Results tagged “Citi” from Dealbreaker
YOUR SEARCH
Swine Flu At Citi
Nov 17, 2009, 3:26pm
Posted by Bess Levin
It's not an outbreak. Yet. (Kidding, you know the banks had their people vaccinated before the plebes.) On another note, it's sort of unclear how this happened, as Citi took pains earlier this year to teach its employees how to...
Maybe Citi Doesn't Suck So Much
Nov 16, 2009, 12:17pm
Posted by Jon Shazar
It's been a pretty rough couple of years for Citigroup. But a couple of the world's biggest hedge fund managers seem to think Vikram and Co. have something going. Paulson & Co. bought up a $1.2 billion stake in Citi...
Guy Who Helped Build Citi: My Bad
Nov 06, 2009, 2:33pm
Posted by Bess Levin
John Reed, who played kind of a big role in cobbling together the world's largest diversified whorehouse, has something to get off his chest: "I'm sorry," Reed, 70, said in an interview yesterday. "These are people I love and care...
Citi Alternative Investments Gets Much Needed... New Name
Nov 06, 2009, 8:57am
Posted by Jon Shazar
H.L. Mencken famously said, "no one ever went broke underestimating the intelligence of the American public." But Citigroup's hedge fund and private equity business seems intent on proving the great skeptic wrong. An awful lot has gone wrong at C...
The Man Who Sunk Citigroup Launches Hubris Fund
Nov 05, 2009, 1:32pm
Posted by Jon Shazar
Having just written a book on the subject (When Mooks Fail, currently #15 on the Amazon.com best-seller list), Charlie G. continues his intrepid reporting on the utter shamelessness of Wall Street. Now, Tom Maheras, the former Citigroup president, is hardly...
Citi: We Literally Have No Idea What Mike Mayo Is Talking About
Oct 30, 2009, 3:06pm
Posted by Bess Levin
So Mike Mayo said earlier that Citi "may have to write down about $10 billion in deferred tax assets in the fourth-quarter" and Steve Liesman reports that the House of Vikula had this to say in response: "We have no...
You Tell Us What He's Trying To Say
Oct 15, 2009, 11:09am
Posted by Bess Levin
Count Vikula: "We are the world's most global bank in a world that becomes more global every day." Track 2: "I feel good about our strategic clarity and aspirations."...
From The People Who Brought You 'Citi Never Sleeps'
Oct 09, 2009, 9:35am
Posted by Bess Levin
All, We are inviting you to celebrate this fall season with us by holding an International Fall Potluck Lunch on Wednesday, October 21st from 12:00 to 2:00pm. Our many successes highlighted in the recent Connection newsletter are a source of...
Citi's Solution To The Andrew Hall Problem
Oct 07, 2009, 11:01am
Posted by Bess Levin
Citi has taken a lot of shit for (potentially) paying commodities trader Andrew "C" Hall a hundred million dollar bonus and you know what? They're sick of it. Unfortunately there doesn't seem to be much Vikram and Co can do...
Prince Alwaleed bin Talal Is Ready For The Government To Pack Up And Leave
Oct 05, 2009, 11:03am
Posted by Bess Levin
He appreciates everything everyone's done at Citi, but it's time to move on. Just pack up your shit, and mosey on out of the place. Hit the bricks. Be gone. This has nothing to do with someone itching to reclaim...
Charlie Gasparino: Citi Is Just Like My Neighbor From Childhood Who Used Beat His Wife
Jul 09, 2009, 1:28pm
Posted by Bess Levin
In his latest column for The Daily Beast, Charlie Gasparino discusses the fact that while "some investors and Sheila Bair" had hoped the government would put Citi out of its misery, the plan is to keep the bank "half-dead and...
Citi's Liar Loan Division To Take 2 Week Break
Jun 24, 2009, 9:37am
Posted by Greg Michaels
Citi's correspondent lending division, which produced $58.5 billion in mortgages last year and probably had a hand in the $28 billion in losses last year, recently sent out a letter to clients notifying them that the unit is shutting down...
Citi Will Not Tolerate Your Tardy Ass, But C-on-C Violence Is A-Okay (Update)
Jun 17, 2009, 3:41pm
Posted by Bess Levin
God love this bank. Citi has a back/middle office in Warren, NJ and also (this'll make sense in a second) buses that go back/forth between there and its other NYC offices for employees. This dude recently (Thursday) got fired for...
Citi "Hopes" To Repay TARP.....Someday
Jun 15, 2009, 3:52pm
Posted by Greg Michaels
Citi Chairman Dick Parsons is on board with the whole $45 billion TARP repayment thing, but isn't quite so brazen as to issue a timetable that the bank will never meet. But this is not to say that Citi doesn't...
Citi Not Afraid Of A Little Disclosure Risk
Jun 12, 2009, 11:18am
Posted by Greg Michaels
While UBS is busy trying to minimize the damage from its principal protected note lawsuits, Citigroup is forging ahead with its PPN offerings. Citi has sold $211 million of the notes so far in 2009 and is not worried about...
Citi To Raise Fresh Capital?
Jun 01, 2009, 2:12pm
Posted by Bess Levin
By suing the pants off the girls at left? I'd say it's a distinct possibility. Katie Shea and Susie Levitt, NYU students, who identify themselves as "recessionista entrepeneurs," have started a line of flat shoes that can be folded into...
Vikram Pandit's Biggest Mistake At Citi Was Taking The Job In The First Place
Apr 23, 2009, 9:03am
Posted by Bess Levin
Just kidding, he claims! Count Vikula spoke at a "fireside chat" at Harvard Business School yesterday, and courtesy of a Dealbreaker reader in attendance, we've got some highlights. When asked about his biggest mistakes, he first offered the crowd-pleasing,...
What's The Story With Citi?
Apr 14, 2009, 10:07am
Posted by Equity Private
Rumor has it that significant long preferred - short common positions have been "dancing the corpse" this morning. Also, in the absence of great borrows in the common, a number of synthetic shorts are supposedly floating around out there at...
Citi Cracks Down On Travel
Jan 27, 2009, 9:12am
Posted by Bess Levin
Everyone's flying coach! And by "everyone," we of course mean the peons. Vikram and Co. will get their private jet yet. From: Morgan McKenney, CFO - Global Transaction Services Sent: Monday, January 26, 2009 6:54 PM To: *AA All Global...
You'll Have To Direct Your Train Complaints Elsewhere
Jan 09, 2009, 3:10pm
Posted by Equity Private
You see, Robert Rubin will, apparently, be resigning from Citi. Update: The Journal has it. To wit: While Mr. Rubin has defended his performance since joining Citigroup in 1999, insisting that the bank's problems were due to wider turmoil in...
