Archive for: CITIGROUP

Bank of America is Becoming Inflexible on Flex Time

. . . . Pause intro music down below. Bank of America is Becoming Inflexible on Flex Time . Piggybankblog posted on 12/10/12 Cross linked with dailyfinance With Bank of America , cutbacks have become a part of its new normal, and CEO Brian Moynihan recently announced plans to lay off 16,000 workers by year’s […]

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Bank of America needs some Citi-like cuts

. . . . Pause intro music down below. Bank of America needs some Citi-like cuts . Piggybankblog posted on 12/06/12 Cross linked with msn.com Bank of America (BAC -0.05%) has more room to cut costs than Citigroup (C +1.54%), according to a report published Thursday by Atlantic Equities analyst Richard Staite, who recommends both […]

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Headaches For Citigroup, Bank Of America Confident

. . . . Pause intro music down below. Headaches For Citigroup, Bank Of America Confident . Piggybankblog posted on 12/05/12 Cross linked with seekingalpha.com Last month the Fed released the rules for its upcoming stress test creating headaches for Citigroup (C), while executives at Bank of America (BAC) remain confident. Both the banks have […]

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Court Dismisses Challenge To Fed's Bailout Of AIG

. . . . . Pause intro music down below. Court Dismisses Challenge To Fed’s Bailout Of AIG . Piggybankblog posted on 11/20/12 Cross linked with forbes.com. As the economy spiraled downward in 2008, the government faced a stark decision. Should it allow more of the world’s leading financial institutions to follow Lehman’s path to […]

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CEO says Bank of America has winning plan

. . . . . Pause intro music down below. CEO says Bank of America has winning plan . Piggybankblog posted on 11/20/12 Cross linked with bostonglobe.com . NEW YORK — Bank of America chief executive Brian T. Moynihan said Monday his company’s business model that serves people and corporations is a proven winner based […]

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Citigroup to pay former executives $15.5 million each

. . . . . You can pause intro music down below. Citigroup to pay former executives $15.5 million each . Piggybankblog posted on 11/09/12 Cross linked with gnom.es.com (NEWS.GNOM.ES) – Citigroup said it will pay $15.5 million to Vikram Pandit, its former chief executive who resigned from company last month, as well as to […]

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Piggybankblog Posted: Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP's Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury

. . .     Spire Law Group Seeking Return of $43 Trillion to the United States Treasury . Piggybankblog posted on 10/25/12 Cross linked with marketwatch.com NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ — Spire Law Group, LLP’s national home owners’ lawsuit, pending in the venue where the “Banksters” control their $43 trillion […]

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Piggybankblog Posted: Wells Fargo Lawsuit: U.S. Sues Bank Alleging Civil Mortgage Fraud

. . . . You can pause intro music below. Wells Fargo Lawsuit: U.S. Sues Bank Alleging Civil Mortgage Fraud . Piggybankblog posted on 10/09/12 Cross linked with huffingtonpost.com Wells Fargo lied about the quality of thousands of loans it certified for a federal insurance program, a decision that ultimately cost the government $190 million […]

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After Mortgage Settlement, Banks Continued Abusive Practice, California Monitor Says

. . . . You can pause intro music down below Banks Continued Abusive Practice, California Monitor Says . Piggybankblog posted on 10/02/12 Cross linked with huffingtonpost.com The five big banks that agreed in a $25 billion mortgage settlement to reform foreclosure practices have continued to “dual-track” homeowners, an abusive technique that pushes families out […]

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Piggybankblog Posted JPMorgan faces money laundering probe

. . . .. You can pause intro music down below. JPMorgan faces money laundering probe . Piggybankblog posted on 09/15/12 Cross linked with reuters U.S. anti-money laundering laws is being reviewed by a banking regulator, a source said, making the largest U.S. bank the latest target of a wide investigation of how banks prevent […]

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