Tag:
Universal Bank
Latest Headlines
Latest Headlines
Bank of America, a universal bank?
Was the idea of a universal bank ever truly discredited? The idea of Citigroup as a one-stop, all-financial-needs-met sort of bank for consumers and corporations was heavily criticized as the bank's woes mounted. Many called for a break-up. Vikram Pandit has always seemed enamored with the sheer s
Citigroup's "global bank" shtick
At Citigroup (NYSE: C ), the marketing rhetoric has shifted. Instead of aspiring to be a "universal bank," it now aims to be a "global bank." CEO Vikram Pandit ( Vikram Pandit news) has long held that the bank was uniquely poised to provide services around the world.
When the domestic
Does Pandit deserve more time?
There has been no shortage of calls from the press, regulators and others to oust Citigroup CEO Vikram Pandit. Breakingviews.com weighs in with a plea to give him more time. It notes that he's suffered his share of missteps.
He botched the Wachovia deal in the eyes of many. He failed to ra
Citi losing the PR war
The news cycle has been exceedingly tough on Citi. Portfolio 's pundit offers this: "I think it's time for Pandit to offer his resignation. The task facing Citigroup now is not to build a 'global universal bank'; it's to stay alive. And Pandit has given no indication he's up to that particu
Morgan Stanley and Goldman Sachs go commercial
It's hard to think of Goldman Sachs and Morgan Stanley as deposit takers. But they have become just that. Goldman Sachs has plans to expand its Utah-based bank for private clients. It has also applied for a bank charter in New York. As for Morgan Stanley, plans were well underway, according to C
