Hints and tips:
...From 1999 until his retirement in 2015, Levin focused attention on tax evasion, money laundering and other financial malfeasance, making a seat before his committee the “scariest” place in Washington for...
...Ms Fraser has spent 16 years at Citi, which was founded in 1998 following the merger of Travellers and Citicorp, and is currently head of its consumer bank....
...A former Citicorp and General Mills executive, Mr Kovacevich, now 72, preached the gospel of “cross-selling”, finding ways to market more products to existing customers....
...This country had a sovereign debt crisis in both 1982 and 1994, the first of which threatened to leave a number of American banks insolvent, including Citicorp and Bank of America, if the banks had not agreed...
...In 1998, after a series of acquisitions, including Salomon Brothers, the investment bank, and Smith Barney, the retail brokerage, Mr Weill combined his Travelers Group with Citicorp to create a sprawling...
...John Reed’s Citicorp....
...But the sale also shows how banks are trying to comply with rules, expected to be passed soon as part of Washington’s overhaul of financial regulation, that limit fund investments to 3 per cent of a bank...
...Top executives from four of Wall Street’s biggest banks sat shoulder to shoulder in Washington last week as members of the Financial Crisis Inquiry Commission grilled them on the causes of the financial...
...JPMorgan later buys Washington Mutual, another victim of the financial crisis, for $1.9bn 2009 Attends meeting with Hank Paulson, Treasury secretary, to discuss $700bn plan to bail out Wall Street banks...
...Indeed, the creation of Citi – the product of the 1998 merger of Citicorp, a commercial and retail bank, with Travelers, a securities and insurance group – was predicated on, and a big factor in, the repeal...
...People close to the situation say the pressure has been compounded by Washington, which owns a large share of the group....
...Remarkably, the demise of the Citi model has not prevented JPMorgan Chase and Bank of America from creating their own empires from the rubble left by Bear Stearns, Washington Mutual, Countrywide and Merrill...
...Citigroup shares fell more than 10 per cent to close below $10 for the first time since the 1998 merger between Travelers and Citicorp. The FTSE Eurofirst 300 index tumbled 3.4 per cent....
...Over the past few months, banks including Morgan Stanley, Bank of America and Washington Mutual have come under fire from the labour movement....
...When Lehman goes, it is Washington Mutual, and the next is Wachovia. When Wachovia merges with Citicorp, then people look for another victim, and could point to National City....
...mortgage-backed bonds as collateral for its loans, and announcing changes to monetary policy late on a Sunday evening in Washington....
...central bank....
...But he told the Financial Times in an interview: “I have no intention of returning to Washington.”...
...If you just look at the sheer number of people that we have been sending through the doors of our major banks compared with the numbers who go from the OCC and the FDIC and the Fed to Citicorp, it’s been...
...US banks – including Citicorp, Bank of America and Wells Fargo – have also been eyeing the potential of migrant families....
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