"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
In extraordinary news, one of those who help create our megabanks, Sandy Weill of Citigroup, now says they should be split into investment bank and banking units. Sandy Weill created Citigroup as we know it today. As their CEO he…
They say it only applies in Texas but, oopsie, the announcement went out on all their statements nationwide. A recent SEC proclamation does the same for money market accounts. Restricting demand deposits in a way that makes it unclear when…
The Internal Revenue Service on Friday issued an exception to longstanding tax rules for the benefit of Citigroup and the few other companies partially owned by the government. As a result, Citigroup will be allowed to retain $38 billion in…
Mish details how the greedhead move by Citi (and other credit card companies, see the comments to the post) in raising credit card interest rates for many to 29.99% for no reason may be due to their deteriorating financial positions…
Someone leaks a Citigroup memo from their CEO saying everything is fine, just fine. Market explodes upwards. Gosh, I’m sure no one bought the stock in advance of the leak. Because that would be wrong. Meanwhile, US prepares next Citigroup…