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Gary Crittenden
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Latest Headlines
Who knew what about 2007 subprime losses at Citigroup
Recall that when the SEC settled with Citigroup (NYSE: C ) over charges that the bank misled shareholders, only two executives were charged. Then- CFO Gary Crittenden and former investor relations head Arthur Tildesley agreed to pay $100,000 and $80,000 to settle charges against them individ
Citigroup executive warned Rubin of mortgage problems
So what did they know and when did they know? When it comes to the mortgage meltdown at Citigroup ( NYSE: C ), the former chief underwriter for Citigroup's consumer-lending group has testified before the Financial Crisis Inquiry Commission that he warned Robert Rubin ( Robert Rubin news) and
More CFO turmoil at Citi?
This is a bit of a head scratcher. Citigroup has shuffled its top management ranks yet again. Edward Kelly, who took over as CFO in March, didn't last long. He's now in charge of strategy and mergers in a new role as vice chairman, reports the AP . John Gerspach currently the chief accounting o
Citigroup CEO Vikram Pandit sticking around
Here's what CNBC 's Charlie Gasparino says about Citigroup CEO Vikram Pandit: "There's been a Death Watch since about March." He noted that Edward "Ned" Kelly, who joined the bank from the Carlyle Group in February 2008, was elevated to chief financial officer, in a move that pushed Gary Critte
FDIC planning to oust Pandit?
When the government effectively ousted GM CEO Rick Wagner, a lot of people wondered why bank CEOs escaped a similar fate. My sense was that the bank CEOs were willing to toe the line to save their jobs, even if it made for some awkward positions. A good example is Citigroup's support for a cramdow
Citi's CFO speaks out
Gary Crittenden has been in the eye of the storm at Citi. The CFO has been a key player in talks with the government and of course representing the bank in the analysts community. In an interview with Business Week, he toes the line. He makes an interesting case for not splitting up the bank. "If
More pain ahead at Citigroup?
The drama surrounding Lehman Brothers has taken the spotlight from other banks that are not yet out of the credit-crunch woods. Citigroup CFO Gary Crittenden said Thursday that the reeling bank still has some credit issues, and will "continue to have substantial additional marks on our subprim
Citigroup bonuses: A PR problem?
At some of the most prestigious investment banks, the top dogs received no bonuses as punishment for a rotten 2007. You might have assumed Citigroup would be among that list. According to its proxy statement however, it handed out generous bonuses to some, including a $10.4 million bonus to Ch
Wow! Pandit takes major action already
Vikram Pandit, moving to instill a take-charge tone immediately, has announced that Citigroup will bailout seven SIVs, which will likely require moving assets on the Citigroup balance sheet next year. This is big news in that it really undermines the Citigroup-led efforts to create a SuperSIV, wh
Whatever happened to succession planning?
Fortune notes that neither Citigroup nor Merrill Lynch appeared to have firm CEO successor plans. At Merrill, who knows if Greg Fleming was seen internally as "the man" someday. If he was, those plans have been really complicated. At Citigroup, most people assumed a horse ra
