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Citi Will Not Tolerate Your Tardy Ass, But C-on-C Violence Is A-Okay (Update)

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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 lateness, but takes company transportation to work everyday, so it's clearly not his fault. It gets better.

Anyway, after getting canned, he goes back to his desk to collect his personal belongings. His boss tells him to GTFO, and that he can't take anything. Guy says to his boss he's only taking personal shit, no company stuff. Boss puts the guy in a chokehold and drops him to the floor before boss's boss runs over and puts a stop to the madness.
Fired guy is suing Citi/the boss, for obvious reasons. Lucky mofo's probably going to make a fortune

Update: "Forgot to add the guy DID call the cops, who came to the office, took his statement and escorted him to his desk to get his shit."


Appellate Court Willing to Entertain the Possibility that Citi Was Not Committing Fraud

I've had some fun these last few days proposing counterintuitive theories for why Citi might not suck as much as you probably think it does and it's nice to see others joining in the pastime, even if this sounds a little far-fetched: The district court’s logic appears to overlook the possibilities (i) that Citigroup might well not consent to settle on a basis that requires it to admit liability, (ii) that the S.E.C. might fail to win a judgment at trial, and (iii) that Citigroup perhaps did not mislead investors. That piece of rank conjecture is from the Second Circuit's opinion on an appeal* of Judge Rakoff's rejection of the settlement between the SEC and Citi over some mortgage-backed securities. Here's DealBook: