Word: citibankers
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...This was not the first time Bongo had been exposed. In 1999, an investigation by the U.S. Senate into Citibank estimated that the Gabonese President held $130 million in the bank's personal accounts, money the Senate report said was "sourced in the public finances of Gabon." Earlier last decade, a French inquiry into the state-owned oil firm Elf-Aquitaine named Bongo as the beneficiary of millions of dollars in slush funds. (See pictures of the global financial crisis...
That means prominent former top executives of financial-services companies may be getting a lot of attention from recruiters in the next few months. John Reed, the former CEO of Citibank, is among the group of individuals who recruiters say should be on any bank's short list. Henry Paulson, the former Treasury Secretary, could be a candidate as well, though some question whether a Paulson appointment would win points with the current Administration...
...used in a wide variety of manufactured foods, has surged more than 50% this year. "The only area of the world economy I know of where the fundamentals are improving is commodities," says investment guru Jim Rogers. "The fundamentals for General Motors are not improving. The fundamentals for Citibank are not improving. The fundamentals for cotton are improving...
...Senate banking committee chairman Chris Dodd of Connecticut, facing daunting odds for reelection in 2010 and determined to show his independence from Wall Street, has produced a tough bill that would largely prevent issuers like Bank of America, Citibank, JP Morgan Chase, Capital One and American Express from raising rates on customers even when cardholders miss payments or their credit rating tanks. "Americans do not deserve to be pushed down the economic ladder by credit card companies," Dodd said as he rolled out the bill, "It's wrong, it's unfair, and it must...
...used in a wide variety of manufactured foods, has surged by about 50% this year. "The only area of the world economy I know of where the fundamentals are improving are commodities," says investment guru Jim Rogers. "The fundamentals for General Motors are not improving. The fundamentals for Citibank are not improving. The fundamentals for cotton are improving...