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Keyword: citigroup

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  • Trump’s call for boycotts may finally teach big business to stop openly siding with the Dems

    04/05/2021 7:28:51 AM PDT · by SeekAndFind · 57 replies
    American Thinker ^ | 04/05/2021 | Thomas Lifson
    I am deeply offended that big corporations are trying to bully Georgia into repealing a perfectly reasonable voting integrity law. President Biden lied about the law so egregiously that even the Bezos propaganda outlet, The Washington Post, awarded him 4 Pinocchios. But that didn’t stop some of America’s most prominent corporations from trying to bully Georgia into repealing the law, one which protects legitimate votes from being cancelled out by fraudulent votes.Now, former President Trump is calling for boycotts of the corporations that are acting as political overlords:"For years the Radical Left Democrats have played dirty by boycotting products when...
  • Citigroup, Wells Fargo, Bank of America urge shareholders to vote against racial-equity audits

    03/18/2021 9:28:49 AM PDT · by wac3rd · 38 replies
    Marketwatch (CBS) ^ | 3-17-21 | Levi Sumagaysay
    Three of the nation’s biggest banks are asking shareholders to reject racial-equity resolutions after they expressed solidarity with the Black Lives Matter movement last year. Citigroup Inc. C, 3.22%, Wells Fargo & Co. WFC, 3.83% and Bank of America Corp. BAC, 4.87% were among the many large U.S. companies to make public statements of support in response to widespread protests last summer after the police killings of George Floyd and Breonna Taylor. In recent days, they have all officially opposed shareholder groups’ calls for them to conduct and publicize racial-equity audits and other changes, saying they are already doing enough...
  • Citigroup Cannot Recoup Revlon Payouts After Nearly $900 Million Gaffe: U.S. Judge

    02/17/2021 10:42:42 AM PST · by nickcarraway · 36 replies
    Reuters ^ | 2/27/21 | Jonathan Stempel
    A federal judge on Tuesday said Citigroup Inc C.N is not entitled to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon Inc, in what he called "a banking error of perhaps unprecedented nature and magnitude." U.S. District Judge Jesse Furman in Manhattan said the Aug. 11, 2020, transfers were “final and complete transactions, not subject to revocation.” Citigroup plans to appeal. “We believe we are entitled to the funds and will continue to pursue a complete recovery of them,” a spokeswoman said. The blunder was the latest misstep involving internal controls at...
  • Citigroup Vows to Become ‘Antiracist,’ Review Internal Policies. Bank pledges $1 billion for homeownership, Black-owned firms. CFO Mark Mason cites the U.S. ‘national reckoning on race’

    09/23/2020 7:44:51 AM PDT · by karpov · 37 replies
    Bloomberg | September 22, 2020 | Jennifer Surane
    No excerpt allowed from Bloomberg, story here.
  • Who Is Jason Gelinas? QAnon Website Goes Offline After New Jersey Operator Identified

    09/14/2020 11:03:41 PM PDT · by familyop · 59 replies
    Newsweek ^ | September 11, 2020 | CHRISTINA ZHAO
    Gelinas is an information technology and security specialist who has worked for both Citigroup and Credit Suisse in prominent roles, according to Logically's investigation. He is reportedly in his 40s. Newsweek reached Credit Suisse for comment. CitiGroup were unable to be reached before publication. This story will be updated with any response.
  • The Country's Protests, Our Response & Your Safety (Citigroup)

    06/05/2020 7:20:08 AM PDT · by karpov · 4 replies
    Citigroup | June 5, 2020
    In light of the continued outpouring of grief and anger sweeping the country over the death of George Floyd and the ensuing unrest, I wanted to reach out to share Citi's response and to update you on the safety of our branch colleagues and clients. Although some Citi branches were damaged recently during the unrest, thankfully none of our clients or colleagues were in harm’s way. We are actively working on repairs and assessing the situation carefully to re-open these branches. Safety is our top priority as we continue to do our best to serve our clients and communities. Where...
  • Einhorn bets on major currency 'death spiral'

    10/19/2009 11:30:01 AM PDT · by Ernest_at_the_Beach · 33 replies · 1,593+ views
    MarketWatch ^ | Oct. 19, 2009, 1:26 p.m. EDT | Alistair Barr, MarketWatch
    Major institutions should be broken up if necessary, Greenlight manager says NEW YORK (MarketWatch) -- Greenlight Capital manager David Einhorn said Monday that his hedge-fund firm is betting on the possibility of a major currency collapse and a surge in interest rates, citing ballooning government deficits in some of the world's most developed countries.The hedge-fund manager, who warned about Lehman Brothers' frailty before it collapsed last year, also said financial institutions that are deemed as "too big to fail," such as Citigroup Inc. /quotes/comstock/13*!c/quotes/nls/c (C 4.57, -0.02, -0.38%) , should be broken up. ReutersDavid Einhorn of Greenlight Capital. Greenlight has...
  • Louisiana AG: We’re Not Going to Let Corporations Restrict ‘Ability to Legally Access Firearms

    08/19/2018 10:49:23 AM PDT · by rktman · 9 replies
    breitbart.com ^ | 8/18/2018 | AWR Hawkins
    During the August 18, 2018, airing of Breitbart News Saturday, Louisiana Attorney General Jeff Landry explained that he chose, in part, to withhold $600 million from Citigroup and Bank of America because they are “trying to become the social police.” On August 16, 2018, Breitbart News reported Landry’s decision to withhold the $600 million, a decision shared by the Louisiana Bond Commission and State Treasurer John Schroder. The decision to withhold the money came after Citigroup and Bank of America each unilaterally placed gun control demands on their customers, going so far as to stipulate that bank-sponsored gun regulations had...
  • Senator slams bank gun policies, threatens consumer complaint

    04/12/2018 2:00:19 PM PDT · by Oldeconomybuyer · 25 replies
    Reuters ^ | April 12, 2018 | by Katanga Johnson
    A U.S. senator on Thursday criticized Citigroup Inc and Bank of America Corp’s restrictions on lending to firearm makers and sellers, saying the new policies were wrongly politicizing banking services. Speaking during a hearing on the Consumer Financial Protection Bureau (CFPB), Republican Senator John Kennedy said he planned to personally file complaints with the U.S. consumer watchdog regarding the firearm policies. “Our friends at Citigroup and Bank of America apparently aren’t busy enough with their banking business; they have decided that they are going to set policy for the second amendment,” the Louisiana lawmaker said, referring to the component of...
  • SEC Taps Goldman Executive for Enforcement Role

    10/21/2009 10:30:11 AM PDT · by Leisler · 18 replies · 1,209+ views
    WSJ( Americas Paper of Record ) ^ | OCTOBER 16, 2009 | By SARAH N. LYNCH
    WASHINGTON -- The Securities and Exchange Commission tapped Goldman Sachs Group Inc. executive Adam Storch on Friday to serve as the agency's first-ever chief operating officer of the enforcement division. The new hire represents the latest personnel change at the SEC in its effort to improve its operations following its failure to detect Bernard Madoff's massive Ponzi scheme. Enforcement Division Director Robert Khuzami created Mr. Storch's position of managing executive as part of the major re-structuring effort he announced earlier this year. Mr. Storch will oversee division operations that include budget, information technology and administrative services. He will also supervise...
  • Citi cracks down on gun sales: 'We want to do our part'

    03/22/2018 3:39:16 PM PDT · by mojito · 69 replies
    ABC News ^ | 3/22/2018 | Emily Sharpiro
    Global bank Citi is starting a new commercial firearms policy within the U.S. "to do our part as a company to prevent firearms from getting into the wrong hands," the company said today. The new policy requires its new retail sector clients and partners to follow several practices: not sell guns to someone who didn't pass a background check; not sell bump stocks and high-capacity magazines; and not sell guns to people under 21 years old. Ed Skyler, Citi's head of global public affairs, said Citi has a few relationships with companies that manufacture guns, and for those relationships, "We...
  • Citi sets restrictions on gun sales by retail clients

    03/22/2018 11:18:06 AM PDT · by Olog-hai · 24 replies
    Reuters ^ | March 22, 2018 11:55 AM | Ross Kerber, Nikhil Subba
    Citigroup Inc. (C.N) added restrictions on firearms sales for new retail-sector clients, the Wall Street bank said on Thursday, the strongest move to date by a major U.S. lender following last month’s high school shooting in Florida. In an e-mailed statement, Citi said it will require those clients only sell firearms to customers who have passed a background check, restrict sales of firearms for people under 21 years of age, and not sell so-called “bump stocks” or high-capacity magazines. The bank’s new rules come weeks after a shooting at a Florida high school that killed 17 people, the second-deadliest shooting...
  • The Obama Administration's Disrespect For The Rule Of Law Hits A New Low

    05/31/2016 11:08:56 AM PDT · by reaganaut1 · 14 replies
    Forbes ^ | May 31, 2016 | George Leef
    The lawlessness of the Obama administration has been astounding. Entire books have been written about President Obama’s notion that he should be and is free to do whatever he wants (such as Lawless by Professor David Bernstein, which I wrote about here). No doubt more will be. One remarkably brazen instance I recently learned about is his administration’s funneling of money from lawsuit settlements into the pockets of left-wing activist groups. It makes you wonder if there is anything this administration won’t try to get away with. Following the collapse of the housing bubble, the federal government initiated several grandstanding,...
  • Ted Cruz improperly accounted for Goldman Sachs loans, FEC decides

    05/26/2017 1:11:05 PM PDT · by ColdOne · 81 replies
    foxnews.com ^ | 5/26/17 | Brooke Singman
    Sen. Ted Cruz improperly accounted for Goldman Sachs loans he acquired during his 2012 Senate campaign, the Federal Election Commission ruled on Thursday. In a unanimous vote, FEC commissioners decided that the nearly $1.1 million in loans made to the to the campaign by Goldman Sachs and Citigroup should have been disclosed to voters and the American public. The final report from the FEC is expected in 30 days, and further action, such as penalty for Cruz, will be decided, should the FEC decide to initiate an “enforcement action” at a later date. But Cruz’s office said this is “old...
  • Raffles Hotel Put On Market As Prince Alwaleed Attempts To Stop Wealth Draining Away

    04/15/2009 5:57:47 PM PDT · by Steelfish · 2 replies · 346+ views
    London Times ^ | April 15, 2009
    April 16, 2009 Raffles Hotel put on market as Prince Alwaleed attempts to stop wealth draining away Dominic Walsh A byword for colonial grandeur, and a favourite watering hole of such literary luminaries as Somerset Maugham, Joseph Conrad and Rudyard Kipling, Raffles Hotel, home to the Singapore Sling cocktail, has been put up for sale for up to $450 million (£300 million). Apparently, the hotel's owner, Prince Alwaleed of Saudi Arabia, is feeling the pinch. The Times understands that Fairmont Raffles Hotels International, in which the Prince's Kingdom Holding Company (KHC) has a controlling stake, is seeking buyers for its...
  • Wikileaks: Citigroup meeting staff to go over appointments for BHO cabinet

    11/05/2016 10:03:05 AM PDT · by American72 · 24 replies
    Wikileaks ^ | 9/28/2008 | Wikileaks
    September 28, 2008 TO: Senator Obama FROM: Mike Froman Federico Pena John Podesta CC: Pete Rouse RE: Personnel Discussion We are scheduled to see you tomorrow in Reno to discuss White House organization/structure, as well as candidates for senior White House, national security and economic policy positions. Our focus tomorrow will be the White House Chief of Staff, the national security team (NSC, State, Defense, USUN, DNI/CIA, Homeland Security) and the core economic policy team (Treasury, NEC, OMB). At the meeting, we will provide you with a list of names which includes:  Candidates for top positions;  Deputies, as...
  • Seven more Hillary Clinton scandals exposed by WikiLeaks

    10/18/2016 12:13:44 PM PDT · by Beautiful_Gracious_Skies · 12 replies
    The Washington Times ^ | October 14, 2016 | Kelly Riddell
    The avalanche dump of emails from John Podesta, Hillary Clinton’s campaign chairman, keep coming from WikiLeaks, exposing the insider nature and corruption within the Clinton campaign and Democratic Party. Here’s an updated list. 1. Clinton Foundation donors expected “benefits in return for gifts.” ....an independent “governance review”...... many of the foundation’s donors had “an expectation of a quid pro quo benefits in return for gifts.” 2. Obama’s Cabinet picked by Citigroup executive — during the bailout — a month before the election. ...... executive at Citigroup during 2008’s election, listed potential Cabinet picks in an Obama administration,... The bank was...
  • Citigroup warns a Donald Trump victory will cause global recession

    08/28/2016 2:45:09 PM PDT · by Lorianne · 93 replies
    Economic Collapse News ^ | 26 August 2016 | Andrew Moran
    If Republican nominee and real estate billionaire mogul Donald Trump pulls out an impossible victory against Hillary Clinton in November then prepare yourself for a global recession. This is the latest warning from Citigroup. The financial institution believes that markets would enter into chaos and the global economy would collapse because of policy uncertainty. Here is what Citi Chief Economist Willem Buiter opines (courtesy of Bloomberg): “A Trump victory in particular could prolong and perhaps exacerbate policy uncertainty and deliver a shock (though perhaps short-lived) to financial markets. Tightening financial conditions and further rises in uncertainty could trigger a significant...
  • The World Should Be Concerned About Trump For President (From Qatar)

    01/26/2016 1:14:37 PM PST · by Red Steel · 85 replies
    Gulf Times ^ | January 26 2016 11:47 PM
    Republican front-runner Donald Trump has broken just about every rule of conventional US presidential campaigning. Short on a long-term political vision to help shape the destiny of the nation, he has gleefully insulted Muslims, Mexicans, women and virtually all of his opponents. A Trump-in-the-White-House scenario poses high stakes for the Gulf region. Gulf Arabs could pull billion in investment money from the US if Trump, who triggered a global outrage when he advocated a temporary ban on all Muslims entering the US, wins the presidency later this year, prominent UAE businessman Khalaf al-Habtoor said. Saudi billionaire Prince Alwaleed bin Talal,...
  • Citigroup: Oil Is The “Trade Of The Year”

    01/22/2016 10:31:17 AM PST · by bananaman22 · 2 replies
    Oilprice.com ^ | 22-01-2016 | citi
    Oil prices surged on Thursday and Friday, staging a 14 percent rally to push oil back above $31 per barrel. A combination of factors worked together to stop the bleeding for WTI and Brent. Hopes rose for fresh monetary stimulus from the European Central Bank on Thursday when its President Mario Draghi hinted that more action could be forthcoming. Also, Japan’s central bank could also engage in QE-style asset purchasing to boost the economy. At the same time, a monster snow storm hitting the east coast of the U.S. brought speculation that colder weather could boost demand.