Bonus Watch ’21: Mike Mayo Is Not Amused By Jane Fraser’s Generosity
Simply showing up shouldn’t be sufficient for a $5 million payday.
You’ve Heard From The Best, Now Hear From The Rest
Wall Street’s also-rans confirm that the second quarter was a good one indeed for banks.
Charles Schwab Tries, Probably Fails To Make Citi Feel Better About That Whole Accidentally Sending People Too Much Money Thing
Misery loves company, but is Schwab really all that miserable?
Mike Corbat Thinks The Best Thing About Mike Corbat’s Leadership Of Citi Was When It Was Over
I mean, we know that’s what Citi investors think, but…
Citi Stupidity Clause Now Standard Feature Of Debt Deals
Never again will a bank have to admit how bad at banking it is in court, at least on this matter.
Citigroup Stupid Beyond Belief Legally Speaking, Can’t Have Its Half-Billion Dollars Back
Finders keepers is apparently a genuine precedent under New York State law.
Brian Moynihan, Mike Corbat Paid $24.5M, $19M For Overseeing Wall Street’s Worst Banks Of 2020
Sure, things were bad enough for Corbat to essentially get fired, but not bad enough to keep him from an eight-figure payday.
Jane Fraser May Soon Be The Boss, But It’s Still Woman’s Work
You don’t think a bank doing well would hand the reins to someone so conspicuously lacking in a penis if it were doing well, do you?
Jamie Dimon Has So Much Extra Cash To Not Spend On Bonuses, Political Donations
The not-46th-president-of-the-United-States made history this week all the same.
Bank PACs To Think About Financing Efforts To Shred Constitution For A Little While
And private equity firms have even bigger concerns.
Beneficiary Of Citi Screw Up Was Totally Talking About Another Mistake When She Found Out About Payment
Really, it was about someone fucking up on our side. Honest.
Goldman To Offer Bank Accounts To Anyone Selling Anything Online
Who needs special when you can have scale?
Hedge Funds Have Fun At Citi’s Expense, Possibly Their Own (Legally-Speaking)
In fairness to them, the whole paying-Revlon’s-debt-early thing is incredibly funny.
Simply Being Citigroup An Offense Carrying A Nine-Figure Fine
And that doesn’t even take into account the QAnon guy.
Citi’s S****y Risk Controls Prove Fatal To Marianne Lake’s Ambitions
It was a risk she could neither account for nor do anything about.
Hedge Fund Very Eager To Do Business With Very Incompetent Bank
We suppose it’s the really the least they could do.
Sophisticated Institutions Battle To See Whose Disingenuousness Is Most Sophisticated
In other words, whose pretense will most successfully sway a judge.
Citi So Spooked By Lawsuit It Panicked, Just Repaid Everyone, Now Wants Money Back
That’s how it’s supposed to work, right?
Layoffs Watch ’20: Wells Fargo (And, In ’21, Everyone Else)
The world’s fattest bank (in more ways than one) is preparing a crash diet.