Citigroup news from FierceComplianceIT
NewsApologies detract from real financial reform
Do apologies work? It seems that they do, given that many bank executives on the hot seat, not to mention Tiger Woods, have resorted to the tactic. The goal of course is to generates sympathy and... Read more...
New risk management focus: Boards?
Risk management remains a hot buzzword for 2010 (risk management news). And you've got people focused on risk at all levels, from traditional financial areas to the IT level and everything in... Read more...
Shareholder meetings only a bit ugly
We've been wondering if we were going to see some real fireworks at annual shareholder meetings this year. So far, we haven't been disappointed. Bank of America shareholders stripped Ken Lewis of his... Read more...
What keeps CIOs up at night?
The news that Citigroup just lost its acclaimed CIO for "personal reasons" after only nine months on the job reflects the reality of the job: It isn't getting any easier. Gartner has released a list... Read more...
Enron settlement a victory for shareholders?
Believe it or not, Enron is still making news, the latest of which is good for many shareholders. A judge has approved a $7.2 billion settlement that will provide funds for those who purchased Enron... Read more...
ALSO NOTED: Citigroup seeks more financial expertise for board;
> Jeffrey Skilling appeals the Enron decision. Article> Security and compliance increasingly requires a... Read more...
Bank showdown with auditors looming
The worst job in the industry right now: Auditing the books of top banks, the likes of Citigroup and JP Morgan Chase. The stakes are really high. The New York Post notes that little-known law, passed... Read more...
Case study: Replacing tapeCitiStreet, a unit of State Street and Citigroup, has taken the plunge--the same one many companies are pondering. Pressured by compliance needs and escalating costs, it moved away from a... Read more... ALSO NOTED: Are you ready for e-proxies?; Firm launches new secure data destruction tool;> Citigroup has decided to streamline its compliance operations. The bank was forced to really staff up due to some regulatory issues but now wants to rationalize it all. Makes a lot of sense.... Read more... Time to make sure your CFO is happyWe've spoken a bit about all the high-level CFO turnover recently. Well, it... Read more... | Press ReleasesFitch Publishes U.S. CMBS Focus Report on CGCMT 2006-FL2NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has published its U.S. CMBS Focus Performance Report on Citigroup Commercial Mortgage Trust, Series 2006-FL2 (CGCMT 2006-FL2). The report provides a detailed Read more >> Fitch Rates Citigroup ROCs and ROLs, Series 11872NEW YORK--(BUSINESS WIRE)-- Fitch Ratings assigns a rating of 'AA/F1+' to the Citigroup Reset Option Certificates Trust II-R (ROCs), series 11872, and a rating of 'AA' to the Reset Option Longs Read more >> Fiduciary/Claymore MLP Opportunity Fund Announces Pricing of Public Offering of Common SharesLISLE, Ill.--(BUSINESS WIRE)-- Fiduciary/Claymore MLP Opportunity Fund (the “Fund”) (NYSE: FMO)today announced the pricing of a public offering of common shares. The Fund agreed to sell a total of Read more >> Page Perry LLC: Arbitrators Award Investors $1.8 Million and Find Citigroup Affiliates Mismanaged MAT/ASTA Municipal Arbitrage FATLANTA, Aug. 11 /PRNewswire/ -- An arbitration ruling against two Citigroup affiliates bodes well for investors in the controversial Citigroup MAT/ASTA municipal arbitrage products, according to two Read more >> Chase Purchases $3.5 Billion of Performing Multifamily and Commercial Real Estate Loans from CitibankNEW YORK--(BUSINESS WIRE)-- JPMorgan Chase announced today that it has purchased a $3.5 billion portfolio of multifamily and commercial real estate loans from Citibank. Terms were not disclosed. The Read more >> |
