Word: citigroup
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...help find a buyer for the failed Long-Term Credit Bank, Japan's government erased much of the bank's bad debts and promised to take back any that turned south through the spring of 2003. Collins hired Masamoto Yashiro, 72, who ran Citigroup's highly successful retail operation in Tokyo, as CEO. LTCB was born again as Shinsei Bank, which was appropriate: shinsei means rebirth...
...Enron executives what they knew and when they knew it - and getting more Fifth Amendment pleas than answers - Enron-obsessed lawmakers, particularly Democrats, are massing this week for an entire Enron-based 2002 legislative agenda. A chunk of the proceedings will be aimed at the big Wall Street firms (Citigroup, Merrill Lynch, Alliance Capital) that helped Enron get where it was before it collapsed under its own debt...
...months on a variety of issues, at the moment the company threw itself down at the mercy of the feds, top officials at Treasury and Commerce said, in effect, "See ya." Even Robert Rubin, the Clinton Treasury Secretary who dialed up on behalf of Enron's creditors at Citigroup, was turned away by Bush officials...
...financial ties to Enron include former stockholder Karl Rove, former advisory board members Larry Lindsey and Robert Zoellick, former lobbyist Marc Racicot and former executive Thomas White Jr. (he's Secretary of the Army). And Robert Rubin, the Democrats' economic ombudsman - but also a big shot at Enron-exposed Citigroup - is on the hook for making his own help-me call to Treasury in November...
...gladiators in this war include plenty of familiar names, though their number gets smaller by the year (remember Digital Equipment Corp., or Data General?). At the top of the pile are such titans as Sun Microsystems and IBM; they are in gigabyte-to-gigabyte competition for customers like Citigroup that need the world's most powerful machines and can pay more than $1 million a pop for them. Below Sun and Big Blue are innovators like Hewlett-Packard that develop much of their own technology or firms like Compaq that buy it through acquisitions (as Compaq bought...