Banks press to keep risky moves covered by taxpayers

Senate struggles as objections to spending bill grow

Remarks by Senator Warren on Citigroup and its bailout provision

What about the big bankster launderers in big banks?

Wall Street Bank Cuts 11,000 Jobs After Paying Ousted Executives $14 Million

Wall Street Bank Cuts 11,000 Jobs After Paying Ousted Executives $14 Million: Citigroup announced on Wednesday that it will cut 11,000 jobs, or 4 percent of its workforce, in an effort to trim expenses. The moves comes one month after Citigroup paid out nearly $14 million to two former executives, CEO Vikram Pandit and Chief Operating Officer John Havens, who were ousted for poor management. The Citigroup [...]/p

Citigroup CEO: Supermarket Banking ‘A Strategy That I Don’t Believe Is Right For The Times’

Citigroup CEO: Supermarket Banking ‘A Strategy That I Don’t Believe Is Right For The Times’: In the late 1990s, Citicorp made waves on Wall Street by pioneering what is known as “supermarket banking” — the idea that financial institutions could provide a host of services, including stock trading, real estate brokerage, and insurance, in addition to traditional deposit banking. Citicorp, led by chief executive Sanford Weill, purchased insurance giant Travelers [...]/p