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...have been a much shorter growth opportunity than Pandit and Citi thought. A few months ago, Verme was reassigned to London (though he has been promoted to ceo of all Citi's business lines across Europe, the Middle East and Africa, and Citi stresses he is "one of its highest ranking executives globally"). Mohammed al-Shroogi, who headed Citi's United Arab Emirates operations, left in September. In late November, Dubai World, which is a for-profit development company controlled by the ruling family of the gulf state, indicated that it may have to default on a portion...
...subprime lending and the mortgage market in general. But Citi was far more aggressive in courting Dubai business and left itself open to far more losses in what now seems was a financial house of cards than any other U.S. bank. JPMorgan, the U.S. bank with the next highest loan exposure to Dubai, has $2.5 billion in loans outstanding in the U.A.E., according to Creditsights, less than half of what Citi may have to write...
...wrote as Christine Daniels for only a few months before reverting to his original byline. His death is being investigated as a suicide. Penner's editor described him as "capable of reporting on any number of topics with great wit and style"--a compliment any reporter could identify as highest praise...
...compliance with the University’s charter, the Corporation elects any new Corporation member with the counsel and approval of the Board of Overseers—Harvard’s second highest governing body. A joint committee of the Corporation and the Board will soon begin a search to fill the vacancy to be left by Houghton...
...conflict in which U.S. losses mounted for five straight years. Yet, that's what's happening in the Army's battle with suicides. The recently released figure for November show that 12 soldiers are suspected of taking their own lives, bringing to 147 the total suicides for 2009, the highest since the Army began keeping track in 1980. Last year the Army had 140 suicides...