Obama Gets His Bank Boys TogetherPresident Obama is meeting with the CEOs of fifteen of the country’s largest financial institutions. Daily Intel has obtained a transcript of their conversation so far.
ByJessica Pressler
the rage of the never rich
Citigroup to Lay Off 65 Office CleanersSorry, guys! Citi blew all of its budget this year making millionaires more millionaire-y! Good luck feeding your kids, though.
ByJessica Pressler
the rich hunt
Okay, Citigroup, You’ve Pissed Us OffJets and Zen gardens we could handle, but insane retention bonuses and a stupid fire sale have put us over the edge.
CEOs Prepare for ‘Public Anal Exam’Tomorrow, a number of Wall Street’s top CEOs are scheduled to testify in front of Barney Frank’s Financial Services Committee. They’re not looking forward to it.
Sandy Weill’s Mexican VacationThe former Citigroup CEO didn’t think a thing of taking one of the company’s private jets to Mexico on vacay.
ByJessica Pressler
the jet set
Citigroup Continues to Bungle PR on Jet PurchaseFirst they were buying a new jet to save them several million dollars, now they are spending several million dollars to NOT buy it. Jeez Louise.
Citigroup to Buy Wachovia’s Banking OperationsThough the FDIC is quick to assure customers that Wachovia has not ‘failed,’ the government spent the weekend helping Citigroup finance a deal.
ByChris Rovzar
company town
Citigroup Posts $2.5 Billion LossA lot of big news at the banks today — but there’s also crazy stuff going down with Jeff Zucker, Dan Rather, Brooke Astor (from beyond!), and Barack Obama, in our daily industry roundup.