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Paul Krugman - Rewarding Bad Actors
Business  (tags: business, economy, investments, corporate, corruption, finance, ethics, investing, money, bailout, investors, wall, street, bonuses, abuse, dishonesty, greed, Goldman, Sachs, Citigroup )

- 2253 days ago -
Americans are angry at Wall Street, and rightly so. First the financial industry plunged us into economic crisis, then it was bailed out at taxpayer expense. And now, with the economy still deeply depressed, the industry is paying itself gigantic bonuses.
Citigroup to Pay $75 Million to Settle SEC Charges
Business  (tags: citigroup, investor, USA, exchange )

- 1893 days ago -
Citigroup Inc (C.N) will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
"FIX IT" : Obama Officials Tells Citibank To Ditch Plans For $50 Million Private Jet
Business  (tags: Airplanes, Citi, Citi Jet, Citigroup, Citigroup And Obama, Citigroup Jet, Corporate Jets, Dassault Falcon 7X, Obama And Corporate Greed, Obama Slams Citigroup, Obama's First 100 Days, Business News )

- 2441 days ago -
high-flying execs at Citigroup caved under pressure from President Obama and decided today to abandon plans for a luxurious new $50 million corporate jet from France...
Stand With Elizabeth Warren: Demand Public Hearings on Bank Waivers | CREDO Action
Business  (tags: JPMorgan Chase, Citigroup, Barclay's, felony, rigging currency markets )

- 122 days ago -
Right now, the Department of Labor is considering whether to grant "get out of jail free" waivers to banking giants JPMorgan Chase, Citigroup, and Barclays, three of the five banks that recently pled guilty to felony charges for rigging exchange rates
Hostess Blames Union for Bankruptcy After Tripling CEO's Pay
Business  (tags: Annie Ross-Strasser, Caterpillar, Citigroup, Hostess Brands, Inc., Bakers' Union, CEO pay triples )

- 1050 days ago -
"While the company was filing for bankruptcy, for the second time, earlier this year, it actually tripled its CEO's pay, and increased other executives' compensation by as much as 80 percent."
Credit Sinkhole : Citigroup Posted a $5.1-Billion Loss and Announced 9000 Layoffs.
Business  (tags: Citibank, Citigroup, loans, credit crisis, layoffs, jobs, jobs lost, emerging trends, banks, banking, investments )

- 2725 days ago -
Analysts call it a "kitchen sink quarter." Companies in shell-shocked industries write down everything that even looks like it might go wrong, clearing the balance sheet for future growth.
Banker of the Day : Sky-High Arrogance: Former Citi Citibank CEO Used Corporate Jet For Luxe Family Vacation After $45 Billion B
Business  (tags: Citibank, Citigroup, Sandy Weil, CEOs, bailout, TARP, bank failures, mortgage crisis, bonuses, vacations, corporate jets, overspending, corruption, stockholders, layoffs, investments, foreclosures )

- 2436 days ago -
Just weeks after Citigroup averted total collapse with a $45 billion shot in the arm of taxpayer cash, Sandy Weill, 75, hopped aboard the tanking bank's Bombardier BD 700 Global Expres with his wife and daughter, son-in-law nd grandkids .. TO MEXICO!
Too Big To Jail? The Top 10 Civil Cases Against the Banks
Business  (tags: B of A, Citigroup, SEC v. Brian H. Stoker, Countrywide Financial, Fannie Mae & Freddie Mac, Goldman Sachs, IndyMac, PJMorgan Chase, PJMorgan Chase & Credit Swisse, Washington Mutual )

- 982 days ago -
Since 2008, government investigations into the financial crisis have about all centered on civil, rather than criminal charges, unfortunately. Here are some brief summaries of 10 of these cases. These are concise, short summaries FYI.
Business  (tags: Bank of America, Citigroup, Credit Suisse, Goldman Sachs, JPMorgan Chase, CDS Dealers Consortium, Wall Street Greed )

- 2308 days ago -
Take a #5 tub of pure chutzpa, stir it into a giant vat of raw Wall Street greed, vigorously whisk in millions-of-dollars-worth of banker campaign contributions, then cover it tightly and apply high political heat.
Wall Street Whine: We Can't Live On $500,000!
Business  (tags: Investment Banking, Obama, President Obama, Salary, Salary Cap, Wall Street, John Thain, Ken Lewis, Merrill Lynch, AIG, Goldman Sachs, CitiGroup, Citibank, Sandy Weil, Business News )

- 2428 days ago -
Bankers expect autoworkers to live on $25,000/YR ($12/HR.). So, this amount is still 20 times what they think is adequate for the working man/woman. And remember, this is ONLY for the ones who accept tax money.
Former FDIC Head Sheila Bair: 'Covering Up for Citigroup's Problems' Drove Much of the Bailout
Business  (tags: bank bailouts, Sheila Bair, Elliott Spitzer, Citigroup, bailout, economy, scandals, Wall Street, QE3, bailout and hands slapped, little has changed )

- 1102 days ago -
Bair criticizes the way the bailout was handled by the Treasury Department. "A lot of this was being driven by covering up for Citigroup's problems."

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