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Shrunken Citigroup Illustrates a Trend in Big U.S. Banks
Keywords:
Efforts by banks to bring their operations in line with regulator requirements. The Citigroup bank much smaller than at the time of the financial crisis, with its "living will" approved by the U.S. Federal Reserve in April 2016.
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What Citigroup’s ‘Living Will’ Win Means for Big Banks
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Shrunken Citigroup Illustrates a Trend in Big U.S. Banks
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A Citigroup restructuring plan, and bank restructuring plans that were never developed by Treasury Secretary Geithner for President Obama
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Ron Suskind documents the making of key economic decisions in the Obama White House from 700 hours of interviews in his new book released in Sept 2011: "Confidence Men: the Obama White House, Wall Street and the Education of a President." In the book he says Obama asked Geithner to develop a plan for restructuring Citigroup after the bailout of Citi. A month later he followed up in a meeting, and was told by Romer at a meeting Geithner did not atttend, that no plan had been developed. The President's response was "it better be." Geithner says he was asked to do so but "fortunately there was never a need to put them in place."
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A Citi Wall Thicker Than J.P. Morgan's
Wall Street Journal 07/16/2013
Wall Street Journal 07/16/2013
Growth in Emerging Markets Lifts Citigroup's Profit by 42%
New York Times 07/15/2013
Citigroup management
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Grouped Articles
Citi CEO: Bank's Major Restructuring Is Over
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New York Times 12/01/2013
Citigroup Fails Federal Reserve's Stress Test for 2nd Time in 3 Years
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Failing Stress Test is Another Stumble for Citigroup
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Citigroup CEO Vows to Fix Regulatory Problems as Bank Logs Higher Profit, Beats Estimates
Wall Street Journal 04/15/2014
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