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.
Citigroup
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?
![By World Economic Forum (Flickr: The Global Financial Context: James Dimon) [CC BY-SA 2.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MzI1MjE5Mjc2Mjc3/jamie.jpg)
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.
Lawsuit: Banks Using Stimulus Money To Stimulate Their Relationships With Top Customers
Others need not apply. Or, they can, but expect that application to get lost in a mountain of paperwork.
![By Jdarsie11 [CC BY-SA 4.0 ], from Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3NzMxMDkzODE3MzA4/mooch.jpg)
Citi Breaks Up With Former Fund Of Funds, Which Just Happens To Be Run By Anthony Scaramucci
But the Mooch hopes that, like his divorce, this split's not permanent.
Xerox Does Not Need Color Copiers To Come Up With $24 Billion In Cash
Banks are willing to give it the money, for some reason.
![By U.S. Government [Public domain], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MjA4NzE4MzUzOTA5/cftc.jpg)
CFTC Develops Novel DoJ Drafting Technique Of Cut-Rate Regulation
It’s cheap, it’s (somewhat) effective and it makes everyone happy (except for the people going to jail).
Marianne Lake's Destiny Is Now A Footrace
Michael Corbat promotes Jane Fraser to heir apparent at Citi, meaning Jamie Dimon better retire if he wants to make herstory.
We Ranked Wall Street Banks...By How Much The People Working There Enjoy Working There
Jamie's people are relatively happy while Wells Fargo's people...work at Wells Fargo.
Michael Corbat Tells Finra That He Did An Oopsy And Hired Some Criminals
Citi's background check situation is not...strong?
Investors Can’t Believe Brian Moynihan Is Having A Good Day
There’s always something to criticize at Bank of America.
Citigroup Board Picks The Next Person To Ensure That Mike Corbat Always Feels Like Half A Man
John Dugan is the new chairman of the world's most boring megabank.
SEC Playing Larry Summers Role In Winklevii’s Bitcoin-Based Sequel To ‘The Social Network’
The very tall brothers’ timing leaves much to be desired.
The Next Giant Citigroup Buttfumble Will Be Someone Else’s Problem
John Gerspach is going to his reward.
Beloved Institutions—Facebook And Banks—Discuss How To Increase Their Popularity
Mark Zuckerberg wants to know your credit card balances. What could possibly go wrong?
![By EU2017EE Estonian Presidency (Theresa May) [CC BY 2.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTgwMjY0OTgyMDA1/theresamay2.jpg)
Opening Bell 7.9.18
Theresa May doubles down; NATO woes; Breastfeeding legislation and more!
Deutsche Bank, Citi Accused Of Being Savvy Enough To Form An Australian Banking Cartel
We don’t believe it, either.
![By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3ODAzMDM0MTkxMzQ5/vikrampandit.jpg)