Word: citigroup
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Introduced by HBS Dean Jay O. Light as “a leader who I think knows a little bit about being in times of uncertainty,” Rubin spoke about his recent appointment as Citigroup's chairman of the board after the sudden departure of former CEO Charles O. Prince III. The company reported several billion dollars worth of write-downs as a result of the summer’s credit crisis...
...Regarding his new role at Citigroup, which he joined as a vice chairman after leaving Washington in July 1999, he emphasized finding a long-term solution to the company’s current fiscal woes...
Even a month ago, the global economy seemed poised to weather the U.S. sub-prime crisis with relative aplomb. But, suddenly, something approaching panic has gripped the world's financial community. The headlines are grim. The U.S. housing slump is worsening. Banking giants such as Merrill Lynch and Citigroup are posting record losses. The U.S. dollar is getting pounded by the British pound - and virtually every other currency. Oil has run up as high as $98 per bbl., and gold - the traditional doomsday investment - has topped $800, its highest level since the early 1980s...
...board session, which also included Moises Naim, formerly Venezuela's Trade and Industry Minister, who is editor of the Washington-based journal Foreign Policy; Fang Xinghai, the deputy chief executive of the Shanghai Stock Exchange; and Slawomir Sikora, president of Poland's Bank Handlowy w Warszawie--now part of Citigroup...
...business of lending may have run into a wall, at least in the U.S. Household debt grew almost three times faster than income from 2000 to 2006. Now the country appears to be tapped out, and a recession may result. Neither of those things is good news for Citigroup...