• Banks, News

    Gasparino: Lloyd And The Dancing Blankfeins Might Not Save Chicago Bank

    Remember that story from a few hours ago about Chicago-based ShoreBank, which was set to be seized today if it didn’t come up with the necessary scratch to survive? And how Goldman Sachs, JP Morgan, Citigroup, Bank of America all stepped in at the last second to raise the money, led by Lloyd Blankfein who […]

    / May 14, 2010 at 2:53 PM
  • News

    Meanwhile, At Citi…

    “Today at Vikram’s Bizarre & Chotchke Emporium (aka the cafeteria): Tube socks & beach towels are for sale. FML.” Related: Come On Down To Vikram’s House Of Jewels!

    / May 13, 2010 at 1:30 PM
  • News

    Gasparino: Government To Probe All

    Did you think Goldman Sachs and Morgan Stanley were going to be the only ones subjected to cavity searches by the US government? Think again, mon chi-chis! Charlie Gasparino reports that you should all be girding your loins. The government has ramped up its investigation of Wall Street’s sale of toxic securities during the financial […]

    / May 12, 2010 at 3:36 PM
  • News

    Live-Blogging The Citi Conference Call

    4:30: Citi is hosting a call right now entitled “The Panic Button – What Happened?” Amusingly (suspiciously!) this call was planned before the shit hit the fan, possibly weeks ago, to discuss “what is happening in global funding, foreign exchange, credit and equity markets.” At least that’s what they want us to believe. 4:35: Armando […]

    / May 6, 2010 at 4:30 PM
  • News

    Bob Rubin: “Do you want to go upstairs and…cuddle?”

    Which former treasury secretary would you rather hear about sticking his tongue down a woman’s throat whilst placing his hands “everywhere sort of like an octopus”? Which former treasury secretary would you like to hear about coping with the stress of the financial crisis with a good spoon? If you said “anyone but Larry Summers,” […]

    / Apr 30, 2010 at 4:15 PM
  • News

    Citigroup Clears Up Confusion On SchnitzelGate, Is Yet To Make Grand Gesture

    A couple weeks ago, when the Schnitzel & Things food truck, purveyor of “thin, deep-fried cutlets,” was forced by the cops to leave its regular corner on 54th and Lex, the owners were pretty surprised. Particularly when they were told the alleged reason, which was that there’d been a complaint from inside the building, where […]

    / Apr 29, 2010 at 12:45 PM
  • News

    Caption Contest Monday

    [via Dealbook]

    / Apr 19, 2010 at 4:38 PM
  • News

    Vikram Pandit: Wine Connoisseur

    Well into the crisis period, when banks such as Citigroup were operating on federal investment and when Citi’s stock was in single digits, Vikram Pandit, the CEO, was observed with a lunch guest at Le Bernardin, one of the top-rated restaurants in New York. Pandit looked discerningly at the wine list, saw nothing by the […]

    / Apr 12, 2010 at 5:13 PM
  • News

    Chuck Prince And Bob Rubin: Our Bad

    Rubin’s got “regrets” and Prince is “deeply sorry” that management wasn’t more “prescient.” Also, you should know, that since taking up early retirement, Chuck has “given a great deal of thought to the unique events that led to the financial crisis and which bring us here today.”

    / Apr 8, 2010 at 10:10 AM
  • News

    Citi Underwriter Started Sending Higher-Ups Warnings Re: Mortgage Trubs Back In 2006

    Nobody really listened to him much though, probably because the subject lines of his emails to Bob Rubin and Co were fairly mundane (“THIS LOOKS REALLY FUCKING BAD, FELLAS”) and he forgot to mark them high alert.

    / Apr 7, 2010 at 3:15 PM
  • News

    Vikram Pandit: HAPPY. AS. A. CLAM

    When Vikram Pandit first joined Citi, he was a happy, smiley Uncle Vik. And why shouldn’t he have been? The bank had just laid out hundreds of millions of dollars to land him and he was thisclose to buying Tony Randall’s apartment. Plus, he’s just always had a sunny disposition. Despite the fact that that […]

    / Apr 6, 2010 at 11:30 AM
  • News

    Lawsuit: Citi Employees Suck At Sexual Harassment

    Last week we discussed the matter of Citi employee Dorly Hazan Amir, an associate in Citigroup’s asset finance division who is suing the bank on the grounds that she was mommy-tracked. DHA claimed that “supervisors have discriminated against her because of here gender since the beginning of her tenure” and that when she became pregnant, […]

    / Apr 5, 2010 at 3:45 PM
  • News

    Citi Statements Re: Zen Gardens, Private Jets To Get A Whole Lot More Colorful

    This doesn’t affect you people directly so much as it will potentially affect me but I just want to put it out there that the news New York Deputy Mayor Edward Skyler has accepted a job at Citigroup as executive vice president of global public affairs has me supremely amped. And not just because he’ll […]

    / Mar 31, 2010 at 5:30 PM
  • News

    Citi Employee Sues Bank For “Mommy-Track” Treatment, Co-Workers’ Attempts To Money Off Her Pregnancy

    Last week, former Goldman Sachs employee Charlotte Hannah sued the bank for treating her “like a second-class citizen” due to the fact that growing life inside her body had taken precedence over making it rain. She probably doesn’t have much of a case, as Goldman has always been very upfront about the fact that unless […]

    / Mar 31, 2010 at 11:00 AM
  • News

    Why Isn’t Goldman Advising On The Treasury’s Citi Stock Sale?

    Ooo, ooo, Charlie Gasparino knows! It’s because of their image problem. According to Chaz, people at the Treasury were worried about Blankein running his mouth re: Hova (again), among other things.

    / Mar 29, 2010 at 1:30 PM
  • News

    Sandy Weill Says Start Demanding A Little R-E-S-P-E-C-T

    You know, it’s really not that easy being Sandy Weill. Most if not all the institutions at which he spent significant time in his life at get zero respect, and even those on the inside have no pride (in fact they’re downright embarrassed to tell their friends and family where they are all day). Call […]

    / Mar 26, 2010 at 12:28 PM
  • News

    The Government Can Do Whatever It Wants With Its Shares Of Citi, Vikram Doesn’t Care

    “They’re free to do what they want to do,” Pandit said yesterday at an investor conference in New York. “I wouldn’t be surprised if they would actively think about something,” given where the stock is trading, he said.

    / Mar 12, 2010 at 12:30 PM
  • News

    Citigroup Couple Gets Married At Apple Store, Thanks Steve Jobs, Snubs Vikram

    We missed this a few weeks ago but since their colleagues begged for a post-as-wedding-gift, here ya go. Lovebirds Josh and Ting Li exchanged vows on Valentine’s Day at Apple’s flagship Fifth Avenue store. Ting came up with the idea to have the ceremony (and include the phrase “I love you more than [an iPhone]” […]

    / Mar 4, 2010 at 5:55 PM

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