Tag:
Robert Rubin
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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
Robert Rubin, Charles Prince face off with the Financial Crisis Inquiry Commission
The interrogation of Charles Prince, former CEO of Citigroup ( NYSE: C ), and Robert Rubin, former head of the bank board's executive committee, made for great drama. Both men faced tough questioning but dealt with it in different ways. Prince's strategy was to shame himself repeatedly. He broke
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
Charles Prince, Robert Rubin to face inquiry
Just as Citigroup ( NYSE:C ) CEO Vikram Pandit ( Vikram Pandit news) has started to earn some positive media, the Financial Crisis Inquiry Commission will circle back to pre-Pandit days to question former CEO Charles Prince ( Charles Prince news) and former director Robert Rubin ( Robert
A seer ahead of her time...
Brooksley Born was ahead of her time. She was the head of the CFTC a decade ago and raised alarms about the rise of derivatives and their ability to cause financial catastrophe. She wanted to--horror!-- regulate derivatives but she ran into some powerful opposition, the Washington Post notes.
Who should lead Citi?
It didn't take long for the speculation game to start once Robert Rubin announced he would step off the Citi board. The view is that the government is pressing Citi to shake up its board and replace its chairman Win Bischoff, according to the New York Times . The leading candidate to become cha
Robert Rubin to leave Citi?
Apart from CEO Vikram Pandit, the person most tainted in the on-going credit crunch has been director Robert Rubin. Now CNBC says that there's a lot of chatter about whether Rubin will leave the bank. Rubin, who says he's staying, has taken steps to address the issues, including an interview w
What must the Citi board do now?
A columnist for Financial News Online notes that the board at Citi, which he argued a year ago needed a shake up, has changed little through the crisis. Although some of the deck chairs were rearranged, he still thinks change is in order. He also notes signs that some directors may step down s
Blame game at Citi continues
The blame game continues at Citi, and it's a bit uncomfortable. The latest is that Robert Rubin, the board consigliore at Citi, is being forced to deny culpability for the colossal mess that is Citi. Rubin, however, has acknowledged that he was involved in a board decision to boost risk-taking in
Infighting heating up at Citi?
The Citi board has issued a statement that it stands behind its current chairman, Sir Win Bischoff. But the spate of media reports that Bischoff might be sacked just might ignite the kind of blame game that is a well-known pastime at Citi. MarketWatch says, "It was [Robert] Rubin who had s
