dealbook.blogs.nytimes.com - 1/9/2009
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Robert E. Rubin, the former Treasury secretary who is an influential director and senior adviser at Citigroup, will step down after coming under fire for his role in the bank's current troubles, The New York Times's Eric Dash reports.
Since joining Citigroup in 1999 as an adviser to the bank's ...
online.wsj.com - 1/10/2009
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online.wsj.com —
Citigroup Inc., under pressure from the federal government,
took a big step toward breaking up the financial
supermarket, entering discussions to spin-off its Smith Barney brokerage unit into a joint venture with rival Morgan Stanley, according to ...
(more)
Citigroup Takes First Step Toward Breakup
online.wsj.com - 1/9/2009
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online.wsj.com —
Robert Rubin, the former Treasury secretary who has
been sharply criticized over his role in the financial
turmoil at Citigroup Inc., is leaving the bank. Mr. Rubin is senior counselor and a director at the New York company, which has suffered $20 ...
(more)
Rubin to Leave Citigroup; Smith Barney on Block
bloomberg.com - 1/14/2009
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bloomberg.com —
Commentary by David Reilly Jan. 14 (Bloomberg) --
Time and again, big banks such as Citigroup Inc.
argued that irrational and seized-up markets, not the woeful state of their balance sheets, were to blame for convulsing share prices. For more than 18 ...
(more)
Citigroup Crisis Is Emblem of Capital Drought: David Reilly
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Blog Reactions
A Garland Briefer than A Girl's
The Epicurean Dealmaker —
Robert Rubin is retiring. It is past time. He has had a long run, but I am afraid the former charter member of the Committee to Save the World has worn his honors and his reputation out. Now he must play an old man's game, working long days and nights, against declining health and energy, to salvage the reputation he squandered in his dotage. There certainly is no upside to him remaining at Citigroup, where he has been reduced to shooting holes in his own resumé by defending the indefensible. I used to like and respect Bob ...
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