Citigroup

Things are not good when your new CEO’s priority number one is to “stop destroying our shareholders’ capital.” But The Wall Street Journal isn’t above kicking a bank when it’s down.

The latest weak point to be splashed on the cover of the C Section is Citi’s retail banking operation, which is still in the hands of one of Vikram Pandit’s cronies and which has the highest average deposits per branch of top lenders but which may or may not still keep track of customer accounts longhand. Plus, there’s this compelling anecdote in the lede: Read more »

  • 07 Jan 2013 at 6:08 PM

Banks Lobbying, Capitalizing Like It’s 2007

They may still be too big and fragile, but banks are throwing their considerable weight around and getting their way. Read more »

Genius Mike Corbat. GENIUS. Read more »

  • 03 Jan 2013 at 6:05 PM

Erin Burnett Is Off The Market

Lost over the holidays was the monumental news that former CNBC anchor Erin Burnett made things official with Citi managing director David Rubulotta. Read more »

  • 14 Dec 2012 at 4:38 PM

Promotion Watch ’12: Citigroup

Contrary to popular belief, not all news is bad news at Citigroup. Yesterday 122 employees were named Managing Directors and while some might say that the only Wall Street promotion news worth reporting is that of Goldman Sachs, Citigroup is a real bank, too, so let’s all take a moment and give it up for them. It’s not as exciting as winning an iron-pumping sessions with Mike Corbat, but it’s something.


Behold the amazing attention to detail that was brought to wrapping the desk of a colleague, who showed up late the day after group holiday party. The mouse! The stapler! The tight, clean corners on the monitors!

The Big C apologizes if anyone was under the impression it’d be paying out bonuses and severance. Happy holidays and stay in touch. Read more »