Word: citigroup
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...over the course of 20 meetings, taking place everywhere from Harvard’s Loeb House to the Citigroup compound in Armonk, N.Y., Faust’s candidacy seemingly beat the odds. A woman, a non-alum, and a low-profile dean became the first insider in 30 years to be named Harvard’s president...
...drugs and medical devices has quadrupled to $15 billion. World-class educational institutions such as INSEAD and Johns Hopkins University have established Singapore campuses. The city-state is becoming the largest hub for private banking outside Zurich. Assets held in the Singapore offices of private banks including UBS and Citigroup have been rising 20% annually since 2003. More than 100 hedge funds have relocated to the island, up from 20 in 2004, according to the Singapore Monetary Authority. The Boston Consulting Group reckons Singapore now has more millionaire households as a percentage of total households than any other Asian economy...
Rubin maintains a busy schedule, which includes fulfilling his duties at Citigroup as well as serving as vice chairman of the Council on Foreign Relations and a founding member of the Brookings Institute’s Hamilton Project...
Development experts also worry that the stream of international money supporting microfinance is crowding out locally owned banks that might serve the poor. Citigroup, ABN Amro and HSBC, for example, have pumped a combined $200 million into microfinance groups that offer saving accounts, insurance and mutual funds. This influx of capital is "preventing the creation of a sustainable, savings-based financial system in poor countries," says Littlefield. Microlenders counter that the costs of starting a bank are so high that without them, the poor would have no alternative. "To build a bank in Africa, you need $5 million to start...
...customers in Southern California via download this week at Citibank.com and will go nationwide this summer. AT&T, Sprint and Verizon customers can start using the program this week, with other carriers and a Spanish-language version out later this year. "We're changing. Banking is changing," said Citigroup CEO Chuck Prince at the launch event in New York City on Monday morning. "I look forward to the competition trying to keep up with...