Citigroup

Some might say that a bank shouldn’t suggest that some of its regulators would be better out on the street than in a comfy office nit-picking what some other regulator has already nit-picked. Indeed, Citi Chairman Michael O’Neill said so himself. But he just can’t help it, so he’s going to come out and say it: When his bank inevitably does something wrong again, he’d really prefer to take only one irate phone call, rather than three. Read more »

It’s a swell time to be an investment banker at the House of Morgan. Bond traders at JP Morgan? Better luck next time. Read more »

  • 08 Oct 2014 at 5:00 PM
  • Banks

Citi’s Bout Of Montezuma’s Revenge Not Entirely Unforeseeable

La Casa de Corbat may have had an inkling about the problems that led to its $400 million Mexican nightmare. Or it may not have read all of those long, boring missives that the New York Fed insisted on sending year after year. Read more »

  • 16 Sep 2014 at 3:25 PM
  • Banks

Citigroup Will Get Out Of Subprime Lending No Matter What It Takes

Mike Corbat’s subprime albatross, OneMain Financial, is finally making some money, meaning it’s now or never for getting rid of it. Which means now. Read more »

  • 02 Sep 2014 at 1:06 PM

Allowance Watch ’14: Citigroup

The Financial Times reports that Citi senior staff in Europe have received letters that essentially read:

To whom it may concern:

Please enjoy this extra money we’ll be depositing into your account each month, which is in no way, shape, or form to be construed as a bonus. Nod if you understand what we’re saying.

Best,
Citi Read more »

  • 22 Aug 2014 at 2:25 PM

Bonus Watch ’14: Citi Mistmakers

The youngest members of the House of Corbat got a little extra something in their stocking (beach bag? man or lady satchel? giant canvas sack with a dollar sign on it?) this time around. Read more »

  • 21 Aug 2014 at 11:49 AM

Pay Hike Watch ’14: Raises For Everyone (Under 25)!

Well, raises for everyone at Goldman Sachs, Morgan Stanley, and Bank of America. JP Morgan and Citi are still pondering this one. Read more »