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CITIGROUP —

Archive for: CITIGROUP

U.S. Stocks Rise as Fed Plans Mortgage Purchase Program

. . .   .. You can pause intro music down below. U.S. Stocks Rise as Fed Plans Mortgage Purchase Program . Piggybankblog posted on 09/13/12 Cross linked with Bloomberg.com U.S. stocks rose, sending the Standard & Poor’s 500 Index above its highest close since 2008, as the Federal Reserve said it will buy mortgage-backed […]

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JPMorgan Chase CEO Jamie Dimon: 'There Are Huge Benefits To Size'

. . .   .. You can pause intro music down below. JPMorgan Chase CEO Jamie Dimon: ‘There Are Huge Benefits To Size’ . Piggybankblog posted on 09/11/12 Cross linked story with huffingtonpost.com Jamie Dimon likes banks just the size they are, thank you very much. During Barclays’ Global Financial Services Conference on Tuesday, the […]

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Credit Card Debt Collection Looks a Lot Like Foreclosure Fraud

. . .   .. You can pause intro music down below. Credit Card Debt Collection Looks a Lot Like Foreclosure Fraud . Piggybankblog posted on 09/09/12 Cross linked with firedoglake.com . Considering how banks got away with submitting false documents to state courts on mortgage and foreclosure issues, why should we be surprised that […]

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Four banks including PNC pressed to settle charges over botched foreclosures

. . .   .. You can pause intro music below. Four banks including PNC pressed to settle charges over botched foreclosures . Piggybankblog posted on 09/07/12 Cross linked with nj.com U.S. state attorneys general are pressing four regional banks to accept a legal settlement over botched foreclosures similar to a deal reached with larger […]

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Citigroup settles shareholder CDO lawsuit for $590 million

. . . . You can pause intro music below Citigroup settles shareholder CDO lawsuit for $590 million . Piggybankblog posted 08/29/12 Cross linked with reuters.com By Jonathan Stempel NEW YORK (Reuters) – Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of […]

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60 Minutes Piece On Kroft: Why have no banking executives been prosecuted?

. . . . You can pause intro music down below Kroft: Why have no banking executives been prosecuted? . Piggybankblog posted on 08/20/12 Cross linked with cbsnews.com In the summer of 2007, Steve Kroft and his producer Frank Devine began reporting on something called “subprime lending.” Little did they know, they’d be following that […]

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San Francisco Chronicle said that somebody must go to jail! Then mentions HSBC and Barclay's Bank and Bank of America and Citigroup!

. . . . You can pause intro music down below Bank scandals: Somebody must go to jail . Piggybankblog posted on 08/18/12 Cross liked with San Francisco Chronicle. “I believe that banking institutions are more dangerous to our liberties than standing armies.” – Thomas Jefferson, 1816 When Thomas Jefferson spoke those words, banks were […]

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Brooklyn Judge: ‘Roughly 90 Percent Of The Credit Card Lawsuits Can’t Prove The Person Owes The Debt’

. . . . . You can put mouse below for intro. Problems Riddle Moves to Collect Credit Card Debt . Piggybankblog posted on 08/14/12 Cross linked with nytimes.com   The same problems that plagued the foreclosure process — and prompted a multibillion-dollar settlement with big banks — are now emerging in the debt collection practices […]

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FDIC sues 12 banks over mortgage bonds sold to Colonial

. . . . . You can pause intro music down below. FDIC sues 12 banks over mortgage bonds sold to Colonial . Piggybankblog posted 08/13/12 Cross linked with housingwire.com The Federal Deposit Insurance Corp. sued 12 major banks Friday for selling allegedly faulty mortgage bonds to defunct Colonial Bank. Montgomery, Ala.-based Colonial failed in […]

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Exclusive: U.S. banks told to make plans for preventing collapse

. . . . . You can pause intro music down below. Exclusive: U.S. banks told to make plans for preventing collapse . Piggybankblog posted on 08/12/12 Cross linked with reuters.com . (Reuters) – U.S. regulators directed five of the country’s biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop […]

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