Tag:
globalization
Latest Headlines
Latest Headlines
Citigroup's overseas focus questioned
Part of Citigroup's main strategy is to tap overseas markets. CEO Vikram Pandit has made this exceedingly clear. But Bloomberg raises an interesting issue: Does the banks zeal to provide credit globally conflict with the government's agenda, which is to stoke domestic credit and liquidity?
Wachovia's PR problem with money launderers
Recall that when the Bank of New York was dogged a few years ago for the alleged involvement of one of its star employees with Russian organized crime, it was seen as an example of the risks of globalization. That is, more savvy mobsters gaming a borderless system. Wachovia certainly has some
