That $41 Trillion Wealth Transfer Now Officially $59 Trillion
The vaunted $41 trillion wealth transfer that is the subject of every advisor conference has been freshly updated: It has now reached $59 trillion.
Pandit’s Exit Means End of ‘Shock and Awe’ Era: Bank Analyst
The heyday of volatility at the big banks could be replaced by a "boring" period, says SNL Financial's Nancy Bush.
Citigroup’s Pandit Rebuffed Despite Record Revenue
At an otherwise routine meeting, the only point of contention was the pay package, with more than half of attendees voting ‘nay.’
Citi Mulls Unloading Smith Barney Stake to Morgan
A Nomura Holdings analyst wrote in a letter to clients on March 22 that Citigroup executives indicated willingness to sell more than the scheduled 14% stake in Morgan Stanley Smith Barney if Morgan Stanley is interested.
Citigroup Names New President, COO One Day After Q4 Earnings Release
A day after announcing disappointing yet profitable earnings, Citigroup CEO Vikram Pandit said John Havens, CEO of Citi’s investment bank, will become the bank’s president and COO.
PASSING IT ON
The only people who are certain that inheriting wealth will solve their problems, I suspect, are those who have never been wealthy. Quite often, a...
CORBAT TO REPLACE KRAWCHECK BY YEAR-END (Sept. 23, 2008)
Citigroup is replacing Sallie Krawcheck, the departing head of Citi-Smith Barney's wealth-management unit and its 14,983 advisors, with Mike Corbat. Krawcheck, who joined Citi in 2002, has been asked
Cribiore Moves to Citi from Merrill (Sept. 9, 2008)
Citi says it has tapped former Merrill Lynch board member Alberto Cribiore to become vice chairman of its institutional clients group effective immediately. Cribiore, 62, will report to John Havens, C