Citigroup

  • 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 »

Judge Rakoff would feel a lot better about this if someone from Citi could be compelled to just admit they engaged in fraud; to have them say, “Guilty, your honor.” Sure, the $285 million they’ll be forking over sort of suggests as much on its own but just for fucking once, it’d be nice to hear someone say it. Read more »

  • 13 Jun 2014 at 2:10 PM

Settlement Watch ’14: Citigroup

The U.S. Justice Department has asked Citigroup Inc. (C) for more than $10 billion to settle a probe into the lender’s sale of mortgage-backed bonds in the run up to the 2008 financial crisis, according to a person familiar with the negotiations. Prosecutors broke off talks with Citigroup on June 9 and are preparing to sue the bank after the lender offered less than $4 billion to resolve the matter, said the person who asked not to be named because the negotiations are private. The Justice Department could file a lawsuit as early as next week, the person said. [Bloomberg]

The folks at Citigroup have gone and ruined an awfully lucrative, awfully simple arbitrage. Read more »

  • 15 May 2014 at 1:33 PM

Signing Bonus Watch ’14: Citigroup

Mike Corbat has some miffed junior mistakers on his hands. Read more »

Right now we’re at a dozen (and counting). Read more »