Showing posts with label Citigroup. Show all posts
Showing posts with label Citigroup. Show all posts
Thursday, October 16, 2025

Meanwhile in fiat banking, but I repeat myself, Citigroup erroneously credited a client $81 trillion . . . the amount field came pre-populated with 15 zeros, which the person inputting a transaction needed to delete, something that did not happen

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Tuesday, April 15, 2025

Citigroup profits rise 21%, stock trading revenue rises 23%

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  CNBC : Citigroup on Tuesday posted first-quarter results that exceeded analysts’ estimates as the firm’s traders generated more revenue t...
Wednesday, July 6, 2022

This is as good a day as any to remember that Ben Bernanke's Fed under Obama bailed out the banksters and hung 6.5 million homeowners out to dry

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 Bloomberg, August 21, 2011, here : Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression ...
Tuesday, August 27, 2019

US on its way to becoming a net exporter of oil, dominating global oil market and securing the dollar as global reserve currency

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Note to Chris Irons: This is not bullish for gold . The US is about to send a lot more oil into an already oversupplied world market:  ...
Wednesday, September 12, 2018

David Dayen thinks Tim Geithner's disobedience of Obama's orders fed the anger at government Trump parlayed into the presidency

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Of course, this begs the question whether Obama knew what he was doing, or even wanted to know. Here in The New Republic: Every a...
Thursday, March 20, 2014

All But One Big Bank Would Fail Real Stress Tests, Which Means In An Actual Crisis It's 2008 All Over Again

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So says Bloomberg View  here , naming Wells Fargo as the only one which would pass: The results aren’t pretty. Using a start date of Sept. 3...
Saturday, March 15, 2014

FDIC Sues 16 Big Banks Saying LIBOR Rigging Hurt 38 US Banks Which Eventually Failed

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CNBC reports here : The FDIC said the defendants' conduct caused substantial losses to 38 banks that the U.S. regulator had taken into r...
Friday, March 1, 2013

I Know! Let's Get The Sequestration Cuts From The Banks!

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In an editorial on February 20th, here  (which has caused quite the hubbub), Bloomberg.com maintained that most big banks are not profitable...

Warren Buffett, Amoral Crony Capitalist, Bought An Indulgence From The Left

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So says Daniel Mitchell of The Cato Institute, here : "If you’re an amoral person with political connections, it’s possible to make a l...
Sunday, July 15, 2012

America's LIBOR Banks' Silence Is Deafening

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John Carney for NetNet, here : I asked Bank of America, Citi, and JP Morgan Chase to provide answer[s] to four sets of questions about their...
Wednesday, June 27, 2012

European Project Has Been Hijacked To Prop Up Insolvent Banks

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So says an angry Irishman, Declan Ganley, who is none too happy that despite being in an economic depression, Ireland continues to bailout f...
Tuesday, September 6, 2011

Citigroup VP Pleads Guilty to Embezzling Millions Between '03 and '10

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And he's only 35 NOW, according to this story : A former vice president for Citigroup pleaded guilty Tuesday to embezzling more than $22...
Wednesday, July 27, 2011

Some Money Market Funds Increase Liquidity By Over 40 Percent, Lighten Up On Treasuries

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As reported here : Money market funds are avoiding the one-month Treasury notes which mature on August 4 and August 11. “Those are the secur...
Friday, July 22, 2011

The Fed Still Refuses to Document for the GAO the Exigent Circumstances Justifying Loans to Non-Primary Dealers

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See the story here . We're talkin' affiliates of Merrill Lynch, Goldman Sachs, Morgan Stanley and Citigroup. None dare call it fasci...
Saturday, June 11, 2011

Guarantees Implicit Under Dodd-Frank Hand Big Banks Billions in Borrowing Advantages at Taxpayer Expense

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So says John Carney here , calling Bank of America, Citigroup and Wells Fargo, among others, our new Fannie Maes and Freddie Macs.
Friday, April 8, 2011

BankRobberiesRUs

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From Jeff Randall for The UK Telegraph: When asked by a judge why he persisted in robbing banks, the serial offender replied: “Because that’...
Thursday, December 2, 2010

Here's Why Your Government Stalled on the FOIA for Two Years

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Because the American taxpayer has bailed out the whole world, that's why. We're now the biggest suckers in history. And the followin...
Monday, October 25, 2010

US Treasury Still Stonewalling FOIA Request on Citigroup Guarantees

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Twenty months and counting, including a non-response response on what securities $300 billion of taxpayer monies guarantee. It's our mon...
Friday, October 22, 2010

Corporate Cash Really Isn't

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Mish has an interesting post which contrasts "corporate cash" with corporate debt. The upshot is the cash is concentrated in just ...
Saturday, October 24, 2009

The Banks Must Be Restrained

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Total bank failures year to date reached 106 yesterday, bringing the total cost to the FDIC Deposit Insurance Fund this year to about $25 bi...