Wall Street Folly

Archive for the ‘Citigroup’ Category

GMAC looking to deTARP? Goldman, Citi said to have been hired; Obama caves and will appear on Fox News to appeal for Obamacare support; AIG takes down another $2.2B; B of A sued over Merrill loss claims; Madoff sons, brother want out of Trustee’s lawsuit; Mortgage demand tepid; Nobel winner Stiglitz says removing Fed stimulus may worsen housing crisis

Posted by WSF On March - 17 - 2010
  • GMAC Said to Hire Citigroup, Goldman Sachs for TARP Repayment
  • Obama to Appear on Fox News in Final Health-Care Push
  • SEC Didn’t Act on Lehman’s ‘Problematic’ Liquidity, Report Says
  • AIG Draws $2.2 Billion More From Treasury to Bolster Units
  • Bank of America Is Sued by ABP Over Merrill Lynch Loss Claims
  • Madoff relatives try to fend off lawsuits
  • US mortgage demand tepid even as loan rates sink
  • Stiglitz Says Fed Stimulus Withdrawal May Hurt U.S. Read the rest of this entry »
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AIG, Bank of America, Barack Obama, Bernie Madoff, Citigroup, Goldman Sachs

Citigroup’s Pandit blowing a kiss to taxpayers as he goes to DC for more testimony; Obama still hoping Volcker Rule gets passed; JP Morgan beat Goldman in the ‘09 battle of investment banking fees; Ethically challenged Rangel finally steps down as committee head (now he just needs to get the boot from congress); Geithner adviser plans exit; Nissan the latest to recall cars

Posted by WSF On March - 4 - 2010
  • Citigroup’s Pandit Said to Plan to Thank Taxpayers for Bailout
  • Pandit Returns to Capitol’s Hot Seat
  • Obama Sends ‘Volcker Rule’ Proposal on Bank Trading to Congress
  • JPMorgan Tops Goldman in Investment Banking as Fees Swell 13%
  • Scandal-stained Rangel quits post
  • Geithner Adviser Sachs Plans to Resign as Banking Crisis Wanes
  • Nissan to Recall Over 500,000 Cars Read the rest of this entry »
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Autos, Barack Obama, Citigroup, Fees, Goldman Sachs, JPM, JPM Chase, Politics, Tim Geithner, Vikram Pandit, investment banking

So much for Obama’s ‘Volcker Rule’; Citi looking to dump hedge fund business; Hedge fund assets slumped $2.85B in January; UK’s FSA says hedge funds aren’t so risky from leverage perspective; Trump vs Icahn in Atlantic City

Posted by WSF On February - 24 - 2010
  • ‘Volcker Rule’ Stalls in Senate
  • Citi in Talks to Sell Hedge-Fund Business
  • Hedge Funds Don’t Pose ‘Destabilizing Risk,’ FSA Says
  • Hedge-Fund Assets Fell $2.85 Billion in January as Stocks Fell
  • Trump Argues Name Can’t Be Used By Icahn for Casinos Read the rest of this entry »
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Barack Obama, Carl Icahn, Citigroup, Donald Trump, Hedge funds, Politics

GOP mining for Wall Street donors suffering from Democratic buyers’ remorse; Geithner attacks AIG bonuses; Citigroup looking to Asia; Lazard bucking the less cash bonus trend; NY reeling from lower Wall Street related tax revenues; UK Hedge fund manager banned, fined; More Toyota problems

Posted by WSF On February - 4 - 2010
  • GOP Chases Wall Street Donors
  • Geithner attacks AIG’s ‘outrageous’ bonus pay-outs
  • Citi aims to build on gains in Asia
  • Lazard bucks trend among rivals by accelerating cash bonus payments
  • Greece, Portugal Woes Intensify
  • Cutbacks on Wall St. Are Burden for Albany
  • Treasury offers loans to banks funding community development
  • FSA fines ex-BlueBay manager £140,000 Read the rest of this entry »
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Autos, Citigroup, Hedge funds, Tim Geithner

$100M Bonus for Goldman’s Blankfein? Can $GS really be that tone deaf?; Morgan Stanley gonna hire lots of traders!; This year bankers were pariahs at Davos; Obama unveils new budget with record deficit, his new jobs bill might cost $100B; Citigroup selling Private Equity unit?; Pandit pins faith on growth in Europe; TARP’s Barofsky proes up 41% last Q

Posted by WSF On February - 1 - 2010
  • Goldman Sachs and the $100 million question
  • M Stanley to recruit hundreds of traders
  • Obama 2010 budget projects new record for deficit
  • Obama’s Jobs Bill May Cost $100 Billion, Spokesman Gibbs Says
  • Bankers at Davos Face Global Ire
  • Gorman aims to strike a balance
  • Citigroup Said to Plan Sale of $10 Billion Private-Equity Unit
  • Pandit puts faith in overseas growth strategy
  • TARP’s Barofsky Increased Probes 41 Percent in Fourth Quarter Read the rest of this entry »
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Barack Obama, Bonuses, Citigroup, Compensation, Goldman Sachs, Lloyd Blankfein, Morgan Stanley

Friedman says Goldman had no advantage while he was at NY Fed; Steve Schwarzman: Banker bashing could hurt recovery; From Davos: Banks said to have mixed feelings over Obama plans; Peter Madoff getting the criminal probe treatment; Madoff creditors getting $220M more in settlement; Felix Rohatyn going back to Lazard

Posted by WSF On January - 28 - 2010
  • Goldman’s Friedman Says He Didn’t Favor Bank at Fed
  • Blackstone CEO Says Banker Bashing Risks Recovery
  • Obama Divides Davos With Proposal to Curb Size of Banks
  • Madoff brother subject of criminal probe
  • Madoff Trustee Reports $220 Million Accord With Levy Family
  • Citigroup Said to Have Short List of Bidders for Property Unit
  • Rohatyn Rejoining Lazard As Special Adviser To CEO Read the rest of this entry »
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Banks, Barack Obama, Bernie Madoff, Citigroup, Fed, Goldman Sachs

Stunning victory! Scott Brown sweeps into office in MA lobbing a potential death blow to Obamacare; Vikram Pandit’s days numbered?; Bernanke calls for AIG audit; Morgan Stanley reports; B of A reports light on revenue earnings Dubai World gives Jackson the boot; No IPO for Twitter any time soon

Posted by WSF On January - 20 - 2010
  • Republican Brown Wins Massachusetts Seat in ‘Tsunami’ Election
  • Bernanke Seeks to Defuse Criticism Over AIG With Call for Audit
  • New York Fed Says AIG Phrase Marked for Deletion Was Inaccurate
  • Pandit’s gambit
  • Pandit Is Running Out of Time to Clean Up Citigroup
  • Morgan Stanley Reports Full-Year and Fourth Quarter Result
  • Bank of America Announces 2009 Net Income of $6.3 Billion
  • Bank Of America 4Q Loss Narrows Amid Merrill Results Read the rest of this entry »
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AIG, Bank of America, Banks, Barack Obama, Ben Bernanke, Citigroup, Morgan Stanley, Revolving Door, Sovereign wealth funds, Vikram Pandit

Massachusetts Senate vote upset in the making? Turnout is key; Bonuses for Credit Suisse Senior UK managers getting hit by UK tax; Banks divided over new Obama tax, legal fight possible; Citigroup Earnings fail to impress; AIG looking to lower bonus payments; Berkshire Hathaway Baby B’s may soon more affordable; Warren Buffett’s Berkshire stake now below 25%; Kraft and Cadbury in a now friendly deal; Conan O’Brien said to be nearing $40M deal to leave, zip lip

Posted by WSF On January - 19 - 2010
  • Turnout Is Key in Massachusetts Battle
  • Credit Suisse Cuts Bonus Pool to Spread Costs From U.K. Taxes
  • Wall Street May Seek to Sway Congress by Hiring Top Lawyer
  • US investment banks divided over levy
  • Citigroup Reports 2009 Full Year Managed Revenues(1) of $91.1 Billion and Expenses of $47.8 Billion
  • AIG Tries to Defuse Bonus Pay Showdown
  • Berkshire Nears Smaller Baby Bs
  • Buffett Cuts Berkshire Stake Below 25% on Rail Deal, Charity Read the rest of this entry »
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AIG, Bankruptcy, Banks, Barack Obama, Bonuses, Citigroup, Compensation, Credit Suisse, Politics, WSF, Warren Buffett

AIG: Geithner on the testimony hot seat on Jan 27; Crisis panel calling Greenspan and Cox to testify; Citigroup cash bonuses to be capped at less than $100K?; JP Morgan earnings beat, but revenues light; Sheila Bair throws Fed under the bus; More fury over Obama’s new banker tax

Posted by WSF On January - 15 - 2010
  • Geithner to Testify Jan. 27 About AIG E-Mail Exchange
  • U.S. financial crisis panel to call Greenspan, Cox
  • Citigroup plans to cap cash bonuses
  • JPMorgan fourth-quarter profits soar
  • FDIC blames Federal Reserve for severity of financial crisis
  • Bankers’ fury at levy on US subsidiaries
  • Dodd Said to Weigh Dropping Consumer Agency From Overhaul Plan Read the rest of this entry »
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AIG, Banks, Barack Obama, Bonuses, Citigroup, Compensation, Economy, Fed, JPM, JPM Chase, Jamie Dimon, Taxes, Tim Geithner, U.S. Treasury

New bailout fee? Obama administration looking for more ways to stick it to banking industry; Jamie Dimon sick and tired of banker “vilification”; B of A in settlement talks with Cuomo; SEC upping the ante against them with more charges; Bunning wants NY Fed AIG probe; Pandit reshuffles the deck chairs again at Citigroup; Fed made $45B in ‘09; No big surprise, but Pang committed suicide per ruling; AIG looking to hire ex Lehman lawyer to fill general counsel slot abandoned over pay flap; B of A exec demotion

Posted by WSF On January - 12 - 2010
  • Banks Brace for Bailout Fee
  • JPMorgan’s Dimon defends bank’s pay policy
  • SEC broadens charges on Bank of America
  • Bank Is in Talks to Settle State Claims Over Merrill
  • N.Y.’s Cuomo Seeks Bonus Data From Bailed-Out Banks
  • SEC Should Probe NY Fed Staff Over AIG, Senator Says
  • Pandit Shakes Up Citi’s Upper Ranks
  • Federal Reserve earned $45 billion in 2009 Read the rest of this entry »
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AIG, Bank of America, Barack Obama, Bonuses, Citigroup, Compensation, JPM Chase, Jamie Dimon, SEC, Taxes, Vikram Pandit

Geithner’s NY Fed told AIG to zip its lip on CDS payouts to banks; Possible carried interest tax on hedge funds, private equity firms back in lawmakers’ sights; Now deTARPED Citi faces lawsuits from ex-execs with frozen severance packages; Blankfein, Dimon won’t go to Basel; Kumar going to court today in Galleon insider trading case; Warren Buffett in antitrust hot water?; FDIC looking to tie insurance fees to risk of pay packages; State tax revenues drop to lowest since ‘63; GM CEO is predicting a 2010 profit!

Posted by WSF On January - 7 - 2010
  • Geithner’s New York Fed Told AIG to Limit Swaps Disclosure
  • Congress Has Hedge Funds, Buyout Firms in Tax Sights
  • Citi hit by legal action in bankers’ pay battle
  • Top banks invited to Basel risk talks
  • Kumar set to appear in court in Galleon case
  • Buffett’s Mars bar
  • FDIC Weighs Tying Fees to Banks’ Pay Read the rest of this entry »
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AIG, Citigroup, Compensation, Fees, GM, Goldman Sachs, Hedge funds, Insider Trading, Jamie Dimon, Lawsuit, Lloyd Blankfein

Averting defeat, Chris Dodd is stepping aside and won’t run; Rajaratnam facing new charges; TCW bailing on PPIP; Asness’ AQR launching another mutual fund; Goldman takes a piece of Tiger cub fund; Citigroup’s Havens $9M payday; Ex-UBS banker wants prosecutors probed; Distressed real estate getting nibbles from Blackstone, others; Lehman claims plan facing resistance; Iceland says it won’t default

Posted by WSF On January - 6 - 2010
  • Senator Dodd Said to Not Seek Re-election in November
  • Galleon founder faces more US charges
  • TCW Pulling Out of PPIP
  • Shumway Capital Sells Stake to Goldman Sachs’s Petershill Fund
  • Citi’s Havens Got $9 Million for ‘09
  • Hedge Fund AQR Goes ‘Mom & Pop’
  • Ex-UBS Banker, Informant Birkenfeld Seeks Probe of Prosecutors
  • Distress Calls Begin to Go Out Read the rest of this entry »
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Citigroup, Compensation, Goldman Sachs, Hedge funds, Insider Trading, Lawsuit, Real Estate, UBS

Sandy Weill reflects on what he thought was an ‘impregnable’ Citi; Warren Buffett’s Berkshire Hathaway didn’t so so well vs the S&P 500 in ‘09; Thomas H. Lee’s “fatal attraction” stalker who fled the U.S. is back to face charges; Fortress and Davidson Kempner battling over Intrawest; Meet Hoboken’s Barnegat Fund, up 132% in ‘09; Brokers exiting large firms with their customers

Posted by WSF On January - 4 - 2010

  • Citi’s Creator, Alone With His Regrets
  • Buffett Posts Worst Stock Performance Against S&P 500 in Decade
  • Mogul finally free of stalker
  • Hedge-fund fight imperils Olympic ski venue
  • Small fund, big $
  • More Brokers Flee Big Firms, Taking Investors With Them Read the rest of this entry »
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Citigroup, Warren Buffett

As expected the Senate passes its ill conceived health care bill; Goldman’s Lloyd Blankfein is Financial Times Person of the Year; Dimon, Blankfein and Mack heading to DC in Jaunary for the next round of Congressional inquisitions; Barclays Bob Diamond sells 1.8M shares for £5M; Senate votes to up debt ceiling; Morgan Stanley mints 212 new managing directors; Grassley probing Citi tax breaks; Buffett wants ResCap?; “Squawk Box” broker says U.S. hid evidence; Alexis Glick is leaving FBN

Posted by WSF On December - 24 - 2009
  • Senate Passes Legislation to Overhaul U.S. Health-Care System
  • Master of risk who did God’s work for Goldman Sachs but won it little love
  • Dimon, Blankfein, Mack Among First to Testify at Crisis Panel
  • Senate Votes to Increase U.S. Debt Ceiling by $290 Billion
  • Barclays’ Bob Diamond reveals £5m share disposal
  • Morgan Stanley Appoints 212 New Managing Directors
  • Grassley puts pressure on Treasury in tax dispute
  • Buffett’s back, Billionaire looks to lock up GMAC’s ResCap Read the rest of this entry »
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Barclays, Citigroup, Goldman Sachs, JPM Chase, Jamie Dimon, John Mack, Lloyd Blankfein, Morgan Stanley, Politics, Subprime mortgages

White smoke! B of A has FINALLY anointed a Ken Lewis successor — from within; Secondary prices at only $3.15/share, below what Treasury paid — Will Vikram get the boot after Citigroup’s stock offer gets poor reception?; Meredith Whitney cuts Goldman, Morgan Stanley estimates; Lehman Brothers gets ok to pay $50 million in bonuses; Dubai Properties staying the course with Tiger Woods

Posted by WSF On December - 17 - 2009

  • Bank of America names Brian Moynihan as new CEO
  • U.S. Delays Sale of Citigroup Stake as Shares Sell at Discount
  • Bernanke confirmation seen passing first hurdle
  • Meredith Whitney Cuts Goldman Sachs, Morgan Stanley Estimates
  • Lehman to pay $50m in bonuses
  • U.S. says Credit Suisse schemed to evade sanctions
  • SEC tightens rules on investment advisers, corporate transparency
  • Tiger Woods Dubai Says It’s Committed to Golf Course Read the rest of this entry »
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Bank of America, Bonuses, Citigroup, Credit Suisse, Goldman Sachs, Meredith Whitney, Politics

After Kelly’s shunning, B of A may be forced to go with insider CEO; Goldman sued over bonuses; Wells Fargo is also deTARPing; Barclays’ Diamond tells UK employees not to worry ’bout 50% bonus tax; Rajaratnam tries again for bail reduction; Abu Dhabi may exert its leverage; AIG says they’ll repay loans, Senior management got screwed financially; Buffett sells more Moody’s; Microsoft accused of plagiarism

Posted by WSF On December - 15 - 2009
  • Bank of America Said to Be Likely to Pick Insider CEO
  • Goldman faces lawsuit over anticipated bonuses
  • Citigroup, Wells Fargo to repay bailouts
  • Wells Fargo to Sell $10.4 Billion in Stock, Repay U.S. Funds
  • Diamond polishes tax flap
  • Hedge-funder Rajaratnam demands lower bail in insider-trading case
  • Citigroup’s Exit From Bailout Clouded by Citi Holdings Assets
  • Senators May Omit Health ‘Public Option,’ Medicare Expansion
  • Abu Dhabi May Demand More Power for $10 Billion Dubai Lifeline
  • AIG confident of repaying aid
  • AIG Chief: Key Staff Suffer Financially Read the rest of this entry »
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AIG, Bank of America, Barclays, Citigroup, Compensation, Goldman Sachs, Hedge funds

Premature eTARPulation? Citigroup and the government make a deal but is Citi ready?; Greg Fleming lands: Merrill’s loss is Morgan Stanley’s gain; RIP Paul Samuelson; Abu Dhabi gives Dubai a $10B helping hand; B of A still having CEO recruiting problems?; Accenture gives Tiger the boot as the game of golf ponders his announced absence

Posted by WSF On December - 14 - 2009

  • Citigroup to Repay $20 Billion of Government Bailout
  • Press Release: Citigroup, U.S. Government and Regulators Agree to TARP Repayment
  • Dubai Gets $10B From Abu Dhabi; To Pay Nakheel Bond
  • Merrill Alumnus to Lead a Unit of Morgan Stanley
  • James Gorman’s Memo to Morgan Stanley Employees
  • Pay Worries Slow BofA Search
  • Paul Samuelson, Nobel Economics Laureate, Author, Dies at 94 Read the rest of this entry »
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Bank of America, Citigroup, Morgan Stanley

More pay caps coming from the U.S. pay czar; Yipes! Between tax on banks and bankers, Brits face total bonus tax of over 100%; Citi desperately wants out of TARP; B of A has officially DeTARPed; Sounds like the SEC isn’t done persecuting Cioffi, Tannin; B of A’s Montag took a newrly $5M piece of their recent stock offer; The ax is falling on 5% of Putnam’s staff

Posted by WSF On December - 10 - 2009

  • Firms Face New Curbs on Pay
  • Top bankers’ bonus rate to top 100%
  • ‘What banker wants to be in the UK?’
  • City tells Darling: your super-tax is pushing us out of Britain
  • Darling Forces U.K. Banks to Swallow ‘Poison Pill’ of Bonus Tax
  • Citi Is Eager to Pay Back Bailout Aid
  • BofA Repays $45 Billion TARP Funds
  • Cioffi’s Lawyer Says SEC ‘Not Likely’ to Settle Suit Read the rest of this entry »
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Bank of America, Bear Stearns, Bonuses, Citigroup, Compensation, Hedge funds, Revolving Door

Barclays Diamond dumps on bonus tax; Is the pay czar blinking over AIG pay caps?; Morgan Stanley management shuffle; SEC looking for public input on high frequency trading; Citi, Wells Fargo TARP impasse; Cuomo focusing on B of A’s Greg Curl; More Dubai debt problems?; So far debt raters have skated by relatively unscathed (which is bizarre); Galleon case delay, Ex FBI agent dishes on failed earlier Galleon probe

Posted by WSF On December - 8 - 2009
  • Barclays’ Diamond Criticizes Bonus Tax, Sees Regulator Missteps
  • Feinberg Said to Lift $500,000 Salary Limit for AIG Executives
  • Morgan Stanley Shuffles Executive Suite
  • SEC probing high-frequency strategies, co-location
  • Banks, U.S. Spar Over TARP Repayment
  • Bank of America Executive Under Scrutiny
  • Dubai World Met Six Creditors Yesterday on Debt, Banker Says
  • Dubai’s Debt Problems May Swell, Morgan Stanley Says
  • Debt Raters Avoid Overhaul After Crisis
  • Galleon Insider-Trading Case Delayed for a Month Read the rest of this entry »
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AIG, Barclays, Citigroup, Hedge funds, Insider Trading, Legal, Morgan Stanley, SEC

UK bankers facing windfall tax on bonuses (which of course will drive bankers and capital out of the UK); Citi naturally wants out of TARP asap; Jamie Dimon’s bets right on warrant auction; Kuwait sells Citi stake for a fat profit; Senior AIG execs threaten to walk over pay; TCW ousts their CIO

Posted by WSF On December - 7 - 2009
  • Darling lines up assault on bonuses
  • Pre-Budget Report: Darling plans windfall tax on bank bonuses
  • Banks criticise plans for windfall tax on bonuses
  • Estimated TARP Cost Is Cut by $200 Billion
  • Citigroup in race to repay bail-out funds
  • Dimon Guesses Right on Warrant Pricing
  • Kuwait sells Citigroup stake for $4.1 billion
  • Fresh Pay Skirmish Erupts at AIG Read the rest of this entry »
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AIG, Bonuses, Citigroup, Compensation, JPM Chase, Jamie Dimon

Goldman bankers should expect to be paid in stock this year; DeTARPing Bank of America sells shares; Citigroup getting left behind; Bernanke has a tough day but probably gets his second term; Feds probed Rajaratnam ten years ago but came up empty; Looking for new revenue, Democrats propose Wall St. transaction tax; More deck chair rearranging at GM

Posted by WSF On December - 4 - 2009
  • Goldman bonuses to be in shares amid effort to quell public anger
  • BofA sells $19.3 billion of securities for TARP repay
  • Bank of America’s $19.3 Billion Is Biggest U.S. Sale Since 2000
  • Bernanke May Get Second Term at Fed Shorn of Bank Supervision
  • Citigroup Said to Need Treasury Stake Sale Before TARP Payment
  • Citigroup Stands Alone
  • Rajaratnam Investigated Decade Ago
  • Geithner says need to cut budget deficit
  • Wall Street Transaction Tax Proposed by Democrats Read the rest of this entry »
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Autos, Bank of America, Ben Bernanke, Citigroup, Fed, Goldman Sachs, Hedge funds

Apologies for their credit crisis role and millions to assist small businesses from Goldman; Report says that if AIG collapsed, yes, Goldman would have been screwed; B of A’s Moynihan skewered in congressional testimony; Some Citigroup execs get big stock grant; Bernie Madoff’s boats sail away for $2M; Gold hits another record; Foiled Trump settles for AC casino stock consolation prize

Posted by WSF On November - 18 - 2009

  • Report Rebuts Goldman’s Claim on AIG
  • Goldman, Buffett Establish $500 Million Small-Business Program
  • It’s BofA-foonery!
  • Citi Pays Forese, Gerspach, Volk $11.7 Million Shares
  • Boats seized in Madoff scandal sell for $2 million
  • Gold hits record near $1,150/oz as dollar slips
  • Geithner, Bernanke, Schapiro Met Panel Probing Financial Crisis
  • Paulson Hedge Fund Sees BofA Almost Doubling by End of 2011
  • Trump Abandons Casino-Control Bid Read the rest of this entry »
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    Bank of America, Bernie Madoff, Citigroup, Credit Crunch, Goldman Sachs, Hedge funds, Politics

    Steve Jobs has a new liver; Time for him to step aside?; Citigroup’s most senior Asia exec is quitting to become MasterCard’s President/COO; California’s facing a “multi-notch” downgrade; Two more B of A directors quit; Georgia, NC and Kansas banks fail; GM sale opposition

    Posted by WSF On June - 20 - 2009
    • Jobs Had Liver Transplant
    • Apple without Steve Jobs at the helm? Some investors think it’s time
    • MasterCard Hires Citigroup’s Banga as Potential CEO Successor
    • Moody’s warning on California debt stuns state
    • Bank of America’s Prueher and Franks Exit From Board
    • Banks in Georgia, North Carolina, Kansas Closed by Regulators Read the rest of this entry »
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    Autos, Bank of America, Citigroup, Steve Jobs, WSF

    FDIC wants a Citigroup shake-up; Vikram Pandit closer to getting the boot?

    Posted by WSF On June - 5 - 2009

    Is Vikram Pandit closer to getting the boot? According to the WSJ, the FDIC is pushing for yet another Citigroup top management shake-up, “imperiling” CEO Vikram Pandit according to their report.  There’s apparently no love lost between Pandit and Sheila Bair, dating back to last fall when Bair endorsed the Wells Fargo higher bid for Wachovia after Citigroup had agreed to take over the firm in a government arranged hookup.  That led to late night conference call where Pandit is said to have waged an expletive deleted filled tirade against Bair.  We wonder what Pandit might be saying about his nemesis this morning.   (We can guess, and it’s probably not pretty.)

    Sounds like new Citi board member, Jerry Grundhofer, who’s the former U.S. Bancorp CEO, might be in line for Pandit’s job.  But not all regulators are apparently on board with Bair’s position…. Read the rest of this entry »

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    Banks, Citigroup, Politics, Vikram Pandit, WSF

    Barclays expects hedge funds to increase assets by $50B in ‘09; Meet $GM bankruptcy judge Robert Gerber; SEC probing their own staffers; Citigroup and Merrill beefing up their prime brokers

    Posted by WSF On June - 2 - 2009

    Read the rest of this entry »

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    Bankruptcy, Citigroup, GM, Hedge funds, SEC, WSF

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