online.wsj.com - 8/20/2009
—
APARAJITA SAHA-BUBNA Citigroup Inc. is instituting annual fees on some current credit-card accounts in an attempt to offset strict new legislation that could dent its profits. The move comes on the heels of several warnings from the banking industry, which has said that issuers would be forced ...
thedailybeast.com - 8/20/2009
—
thedailybeast.com —
Paul J. Richards, AFP / Getty Images What
keeps the former Clinton economic star up at night?...
Friends blame him for the Citigroup fiasco. And Rubin can't figure out how he didn't see it coming. People who know Robert Rubin say he never thought that it ...
(more)
Robert Rubin's Agony - Page 1
nakedcapitalism.com - 8/17/2009
—
nakedcapitalism.com —
Ooh, this is getting interesting. Sports fans may
recall that as of last week, Citigroup was refusing...
to back down on the issue of the contract for Andrew Hall, the head of commodities trading unit PhiBro, which could be worth as much as $100 million ...
(more)
"Pay Czar" Refusing to Back Down Over Possible $100 ...
thedailybeast.com - 8/20/2009
—
thedailybeast.com —
Paul J. Richards, AFP / Getty Images What
keeps the former Clinton economic star up at night?...
Friends blame him for the Citigroup fiasco. And Rubin can't figure out how he didn't see it coming. People who know Robert Rubin say he never thought that it ...
(more)
Robert Rubin's Agony
Comments
Blog Reactions
With the Iron Near Freezing, Chase Strikes (Consumer Action)
SmartMoney.com —
... ) recently introduced annual fees on some of its cards, in some cases offering to waive the fee only if consumers exceed a certain threshold each year. (Read more about this here.) The bank scaled back its ...
Uncle Sam Winks Again At Citigroup’s Credit Card Fees
Daily Markets —
... ) is raising taxes on its credit cards by initiating annual fees. The Wall Street Journal highlights this development and reports Citigroup to Initiate New Annual Fees on Some Credit Cards : Citigroup Inc. is instituting annual fees on some current credit-card accounts in an attempt to offset strict new legislation that could dent its profits. The move comes on the heels of several warnings from the banking industry, which has said that issuers would be forced to rewrite the playbook on plastic because new credit-card laws would take a bite out of their income. Rates of ...
Related Content
Citigroup Begs To Be 40% Nationalized
globaleconomicanalysis.blogspot.com 2/23/2009 — Citigroup is in deep trouble. Its share price is $1.95 and the market is recognizing what I said a year ago: "Citigroup Is Insolvent". Of course it is not just Citigroup that is insolvent, the entire global banking system is insolvent. Nonetheless, ...
Can Citigroup Carry Its Own Weight?
nytimes.com 11/1/2009 — OVER the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now known as Citigroup . In previous instances, the bank came back from the crisis and prospered. Will ...
Citigroup
krugman.blogs.nytimes.com 11/24/2008 — Mark Thoma has the rundown of informed reactions. A bailout was necessary - but this bailout is an outrage: a lousy deal for the taxpayers, no accountability for management, and just to make things perfect, quite possibly inadequate, so that Citi will ...
The Citigroup Anomaly
dmarron.com 5/26/2009 — Something is amiss in the market for Citigroup securities: prices are out-of-whack with standard arbitrage relationships. This suggests that (a) recent financial turmoil -- or, perhaps, the policy responses to it -- have undermined market efficiency ...
Credit Risk Rises on Citigroup Breakup Speculation
globaleconomicanalysis.blogspot.com 11/21/2008 — I have been saying for over a year that Citigroup would not survive in one piece. That option is looking increasingly likely as the Citigroup Board Weigh Options . Citigroup Inc.'s board meets today to discuss the bank's options after Chief Executive ...
WSJ Reports Citi and Government Approach New Agreement
economicdiscourse.com 2/27/2009 — The foreign markets and futures have already began to sell off on the news, they must not like this "new plan" and neither do we. Although these are preliminary reports, it looks as if the government's conversion from preferred stock to common could be limited by private investor interest (which ...
Citigroup - Somebody Please Say "Game Over"
informationarbitrage.com 1/14/2009 — From the Wall Street Journal Online : Until recently, Citigroup Chief Executive Vikram Pandit had
repeatedly backed the company's "universal bank" model. But with
directors and executives now bracing for a fourth-quarter operating
loss of at least ...
New York Lawmakers Urge Geithner not to Cancel Citigroup-Mets Field Deal
economicdiscourse.com 2/12/2009 — When I first heard about this Citigroup - Mets naming rights deal, I knew right away that it would be a complete fiasco. It's really just bad timing, as the media has become very focused on the excess of Wall Street. Also their is currently a growing coalition of lawmakers in Washington that are ...
Citi on Its Way to Breakup?
nakedcapitalism.com 1/12/2009 — The Wall Street Journal tonight says, " Citigroup Takes First Step Toward Breakup ." But what does that mean, exactly? Or had the Journal gone a bit far with the notion that the bank is doing some way, way overdue housecleaning? The eye-popping bit ...
Follow WallStreetBlips on Twitter
