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Keyword: citigroup

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  • The Country's Protests, Our Response & Your Safety (Citigroup)

    06/05/2020 7:20:08 AM PDT · by karpov · 4 replies
    Citigroup | June 5, 2020
    In light of the continued outpouring of grief and anger sweeping the country over the death of George Floyd and the ensuing unrest, I wanted to reach out to share Citi's response and to update you on the safety of our branch colleagues and clients. Although some Citi branches were damaged recently during the unrest, thankfully none of our clients or colleagues were in harm’s way. We are actively working on repairs and assessing the situation carefully to re-open these branches. Safety is our top priority as we continue to do our best to serve our clients and communities. Where...
  • Einhorn bets on major currency 'death spiral'

    10/19/2009 11:30:01 AM PDT · by Ernest_at_the_Beach · 33 replies · 1,593+ views
    MarketWatch ^ | Oct. 19, 2009, 1:26 p.m. EDT | Alistair Barr, MarketWatch
    Major institutions should be broken up if necessary, Greenlight manager says NEW YORK (MarketWatch) -- Greenlight Capital manager David Einhorn said Monday that his hedge-fund firm is betting on the possibility of a major currency collapse and a surge in interest rates, citing ballooning government deficits in some of the world's most developed countries.The hedge-fund manager, who warned about Lehman Brothers' frailty before it collapsed last year, also said financial institutions that are deemed as "too big to fail," such as Citigroup Inc. /quotes/comstock/13*!c/quotes/nls/c (C 4.57, -0.02, -0.38%) , should be broken up. ReutersDavid Einhorn of Greenlight Capital. Greenlight has...
  • Louisiana AG: We’re Not Going to Let Corporations Restrict ‘Ability to Legally Access Firearms

    08/19/2018 10:49:23 AM PDT · by rktman · 9 replies
    breitbart.com ^ | 8/18/2018 | AWR Hawkins
    During the August 18, 2018, airing of Breitbart News Saturday, Louisiana Attorney General Jeff Landry explained that he chose, in part, to withhold $600 million from Citigroup and Bank of America because they are “trying to become the social police.” On August 16, 2018, Breitbart News reported Landry’s decision to withhold the $600 million, a decision shared by the Louisiana Bond Commission and State Treasurer John Schroder. The decision to withhold the money came after Citigroup and Bank of America each unilaterally placed gun control demands on their customers, going so far as to stipulate that bank-sponsored gun regulations had...
  • Senator slams bank gun policies, threatens consumer complaint

    04/12/2018 2:00:19 PM PDT · by Oldeconomybuyer · 25 replies
    Reuters ^ | April 12, 2018 | by Katanga Johnson
    A U.S. senator on Thursday criticized Citigroup Inc and Bank of America Corp’s restrictions on lending to firearm makers and sellers, saying the new policies were wrongly politicizing banking services. Speaking during a hearing on the Consumer Financial Protection Bureau (CFPB), Republican Senator John Kennedy said he planned to personally file complaints with the U.S. consumer watchdog regarding the firearm policies. “Our friends at Citigroup and Bank of America apparently aren’t busy enough with their banking business; they have decided that they are going to set policy for the second amendment,” the Louisiana lawmaker said, referring to the component of...
  • SEC Taps Goldman Executive for Enforcement Role

    10/21/2009 10:30:11 AM PDT · by Leisler · 18 replies · 1,209+ views
    WSJ( Americas Paper of Record ) ^ | OCTOBER 16, 2009 | By SARAH N. LYNCH
    WASHINGTON -- The Securities and Exchange Commission tapped Goldman Sachs Group Inc. executive Adam Storch on Friday to serve as the agency's first-ever chief operating officer of the enforcement division. The new hire represents the latest personnel change at the SEC in its effort to improve its operations following its failure to detect Bernard Madoff's massive Ponzi scheme. Enforcement Division Director Robert Khuzami created Mr. Storch's position of managing executive as part of the major re-structuring effort he announced earlier this year. Mr. Storch will oversee division operations that include budget, information technology and administrative services. He will also supervise...
  • Citi cracks down on gun sales: 'We want to do our part'

    03/22/2018 3:39:16 PM PDT · by mojito · 69 replies
    ABC News ^ | 3/22/2018 | Emily Sharpiro
    Global bank Citi is starting a new commercial firearms policy within the U.S. "to do our part as a company to prevent firearms from getting into the wrong hands," the company said today. The new policy requires its new retail sector clients and partners to follow several practices: not sell guns to someone who didn't pass a background check; not sell bump stocks and high-capacity magazines; and not sell guns to people under 21 years old. Ed Skyler, Citi's head of global public affairs, said Citi has a few relationships with companies that manufacture guns, and for those relationships, "We...
  • Citi sets restrictions on gun sales by retail clients

    03/22/2018 11:18:06 AM PDT · by Olog-hai · 24 replies
    Reuters ^ | March 22, 2018 11:55 AM | Ross Kerber, Nikhil Subba
    Citigroup Inc. (C.N) added restrictions on firearms sales for new retail-sector clients, the Wall Street bank said on Thursday, the strongest move to date by a major U.S. lender following last month’s high school shooting in Florida. In an e-mailed statement, Citi said it will require those clients only sell firearms to customers who have passed a background check, restrict sales of firearms for people under 21 years of age, and not sell so-called “bump stocks” or high-capacity magazines. The bank’s new rules come weeks after a shooting at a Florida high school that killed 17 people, the second-deadliest shooting...
  • The Obama Administration's Disrespect For The Rule Of Law Hits A New Low

    05/31/2016 11:08:56 AM PDT · by reaganaut1 · 14 replies
    Forbes ^ | May 31, 2016 | George Leef
    The lawlessness of the Obama administration has been astounding. Entire books have been written about President Obama’s notion that he should be and is free to do whatever he wants (such as Lawless by Professor David Bernstein, which I wrote about here). No doubt more will be. One remarkably brazen instance I recently learned about is his administration’s funneling of money from lawsuit settlements into the pockets of left-wing activist groups. It makes you wonder if there is anything this administration won’t try to get away with. Following the collapse of the housing bubble, the federal government initiated several grandstanding,...
  • Ted Cruz improperly accounted for Goldman Sachs loans, FEC decides

    05/26/2017 1:11:05 PM PDT · by ColdOne · 81 replies
    foxnews.com ^ | 5/26/17 | Brooke Singman
    Sen. Ted Cruz improperly accounted for Goldman Sachs loans he acquired during his 2012 Senate campaign, the Federal Election Commission ruled on Thursday. In a unanimous vote, FEC commissioners decided that the nearly $1.1 million in loans made to the to the campaign by Goldman Sachs and Citigroup should have been disclosed to voters and the American public. The final report from the FEC is expected in 30 days, and further action, such as penalty for Cruz, will be decided, should the FEC decide to initiate an “enforcement action” at a later date. But Cruz’s office said this is “old...
  • Raffles Hotel Put On Market As Prince Alwaleed Attempts To Stop Wealth Draining Away

    04/15/2009 5:57:47 PM PDT · by Steelfish · 2 replies · 346+ views
    London Times ^ | April 15, 2009
    April 16, 2009 Raffles Hotel put on market as Prince Alwaleed attempts to stop wealth draining away Dominic Walsh A byword for colonial grandeur, and a favourite watering hole of such literary luminaries as Somerset Maugham, Joseph Conrad and Rudyard Kipling, Raffles Hotel, home to the Singapore Sling cocktail, has been put up for sale for up to $450 million (Ł300 million). Apparently, the hotel's owner, Prince Alwaleed of Saudi Arabia, is feeling the pinch. The Times understands that Fairmont Raffles Hotels International, in which the Prince's Kingdom Holding Company (KHC) has a controlling stake, is seeking buyers for its...
  • Wikileaks: Citigroup meeting staff to go over appointments for BHO cabinet

    11/05/2016 10:03:05 AM PDT · by American72 · 24 replies
    Wikileaks ^ | 9/28/2008 | Wikileaks
    September 28, 2008 TO: Senator Obama FROM: Mike Froman Federico Pena John Podesta CC: Pete Rouse RE: Personnel Discussion We are scheduled to see you tomorrow in Reno to discuss White House organization/structure, as well as candidates for senior White House, national security and economic policy positions. Our focus tomorrow will be the White House Chief of Staff, the national security team (NSC, State, Defense, USUN, DNI/CIA, Homeland Security) and the core economic policy team (Treasury, NEC, OMB). At the meeting, we will provide you with a list of names which includes:  Candidates for top positions;  Deputies, as...
  • Seven more Hillary Clinton scandals exposed by WikiLeaks

    10/18/2016 12:13:44 PM PDT · by Beautiful_Gracious_Skies · 12 replies
    The Washington Times ^ | October 14, 2016 | Kelly Riddell
    The avalanche dump of emails from John Podesta, Hillary Clinton’s campaign chairman, keep coming from WikiLeaks, exposing the insider nature and corruption within the Clinton campaign and Democratic Party. Here’s an updated list. 1. Clinton Foundation donors expected “benefits in return for gifts.” ....an independent “governance review”...... many of the foundation’s donors had “an expectation of a quid pro quo benefits in return for gifts.” 2. Obama’s Cabinet picked by Citigroup executive — during the bailout — a month before the election. ...... executive at Citigroup during 2008’s election, listed potential Cabinet picks in an Obama administration,... The bank was...
  • Citigroup warns a Donald Trump victory will cause global recession

    08/28/2016 2:45:09 PM PDT · by Lorianne · 93 replies
    Economic Collapse News ^ | 26 August 2016 | Andrew Moran
    If Republican nominee and real estate billionaire mogul Donald Trump pulls out an impossible victory against Hillary Clinton in November then prepare yourself for a global recession. This is the latest warning from Citigroup. The financial institution believes that markets would enter into chaos and the global economy would collapse because of policy uncertainty. Here is what Citi Chief Economist Willem Buiter opines (courtesy of Bloomberg): “A Trump victory in particular could prolong and perhaps exacerbate policy uncertainty and deliver a shock (though perhaps short-lived) to financial markets. Tightening financial conditions and further rises in uncertainty could trigger a significant...
  • The World Should Be Concerned About Trump For President (From Qatar)

    01/26/2016 1:14:37 PM PST · by Red Steel · 85 replies
    Gulf Times ^ | January 26 2016 11:47 PM
    Republican front-runner Donald Trump has broken just about every rule of conventional US presidential campaigning. Short on a long-term political vision to help shape the destiny of the nation, he has gleefully insulted Muslims, Mexicans, women and virtually all of his opponents. A Trump-in-the-White-House scenario poses high stakes for the Gulf region. Gulf Arabs could pull billion in investment money from the US if Trump, who triggered a global outrage when he advocated a temporary ban on all Muslims entering the US, wins the presidency later this year, prominent UAE businessman Khalaf al-Habtoor said. Saudi billionaire Prince Alwaleed bin Talal,...
  • Citigroup: Oil Is The “Trade Of The Year”

    01/22/2016 10:31:17 AM PST · by bananaman22 · 2 replies
    Oilprice.com ^ | 22-01-2016 | citi
    Oil prices surged on Thursday and Friday, staging a 14 percent rally to push oil back above $31 per barrel. A combination of factors worked together to stop the bleeding for WTI and Brent. Hopes rose for fresh monetary stimulus from the European Central Bank on Thursday when its President Mario Draghi hinted that more action could be forthcoming. Also, Japan’s central bank could also engage in QE-style asset purchasing to boost the economy. At the same time, a monster snow storm hitting the east coast of the U.S. brought speculation that colder weather could boost demand.
  • Billionaire Saudi prince: Trump should end campaign [LOL]

    12/11/2015 6:29:46 PM PST · by markomalley · 63 replies
    The Hill ^ | 12/11/15 | Mark Hensch
    A Saudi royal is calling for Republican presidential front-runner Donald Trump to end his campaign.“@RealDonaldTrump, you are a disgrace not only to the GOP but to all America,” Saudi Prince Alwaleed Bin Talal tweeted Friday. "Withdraw from the U.S. presidential race as you will never win.”Bin Talal’s request follows Trump’s controversial call for a ban on admitting Muslims into the U.S. Trump has repeatedly defended the measure as necessary to prevent radical Islamic terrorism on American soil.Forbes reported last June that Bin Talal is Saudi Arabia’s wealthiest billionaire, boasting a $24 billion personal fortune. He ranks No. 34 out of the world’s 100...
  • Former Citigroup CEO: Big banks don't work

    11/12/2015 8:47:30 AM PST · by RoosterRedux · 24 replies
    money.cnn.com ^ | Heather Long
    In an op-ed published in the Financial Times, John Reed says large banks like the one he used to run are now "inherently unstable and unworkable." The man who was one of the chief architects of the "Big Bank" model now says says the United States never should have repealed the Glass-Steagall banking act in 1999. That's exactly what Democratic presidential hopefuls Bernie Sanders and Martin O'Malley have been arguing on the campaign trail. They want the law reinstated. Hillary Clinton and the Republican candidates do not. As CEO of Citi from 1984 to 2000, Reed was one of the...
  • Saudi prince announces he will give his entire $32BILLION fortune

    07/01/2015 12:53:28 PM PDT · by the scotsman · 20 replies
    Daily Mail ^ | 1st July 2015 | Lydia Willgress
    'A Saudi Arabian billionaire is planning on giving his entire $32billion (Ł20bn) fortune to charity. Prince Alwaleed bin Talal, one of the richest men in the world, said he wants to donate to groups that promote health and help with disaster relief. The 60-year-old will also support women's charities and those that look towards eradicating disease. He did not say whether the generous move would have any impact on his holdings. Mr bin Talal is the grandson of Saudi Arabia's founder Ibn Saud. He is said to have started his business empire with a $30,000 (Ł19,000) gift from his father...
  • 5 Big Banks Expected to Plead Guilty to Felony Charges, but Punishments May Be Tempered

    05/14/2015 6:40:23 AM PDT · by Theoria · 16 replies
    The New York Times ^ | 13 May 2015 | BEN PROTESS and MICHAEL CORKERY
    For most people, pleading guilty to a felony means they will very likely land in prison, lose their job and forfeit their right to vote. But when five of the world’s biggest banks plead guilty to an array of antitrust and fraud charges as soon as next week, life will go on, probably without much of a hiccup. The Justice Department is preparing to announce that Barclays, JPMorgan Chase, Citigroup and the Royal Bank of Scotland will collectively pay several billion dollars and plead guilty to criminal antitrust violations for rigging the price of foreign currencies, according to people briefed...
  • Why Is A Saudi Prince Selling Out Of News Corp?[Fox News}

    02/04/2015 12:21:37 PM PST · by Enlightened1 · 27 replies
    Forbes ^ | 02/04/15 | Chris Wright
    Few individual investors have quite as much capital to deploy as Prince Alwaleed Bin Talal of Saudi Arabia. Through his Kingdom Holding , he holds significant stakes in companies including Citigroup C -0.41%, Twitter TWTR +1.28% – and, until recently, News Corporation. The Prince hasn’t sold out completely – he still owns about 1% of the company, as well as a separate 6.6% shareholding in 21st Century Fox Inc which in itself is worth about $1.7 billion – but he previously also held 6.6% of News Corp NWSA 0%, or a total of 13.184 million class B shares. He’s shed...