Too Big to Jail

Mike Luckovich / Truthdig Sep 26, 2009 Dig deeper

Democratic Fundraiser Arrested in $74 Million Fraud

Staff / Truthdig Aug 26, 2009 Hassan Nemazee has raised millions for Democratic candidates, including Bill and Hillary Clinton and Barack Obama, and for the Democratic Senatorial Campaign Committee. He was arrested Tuesday for allegedly using bogus documents and phone numbers to try to sucker Citibank out of $74 million. Dig deeper ( 1 Min. Read )

A Republican to Save Us

Robert Scheer / Truthdig Jun 10, 2009 You probably don’t know much about Sheila Bair, but she is looking out for you, and that is why the big guys on Wall Street and their allies in the Obama administration are out to get her. Dig deeper ( 4 Min. Read )

Good Economic News, for a Change

Staff / Truthdig Mar 11, 2009 The Dow had a big day on Tuesday, leaping 379 points after Citibank reported two months of profits and Fed chief Ben Bernanke indicated the banks could have some wiggle room in the accounting of their junk assets. The day may have ended with high-fives on Wall Street, but there's good reason to stay gloomy. Dig deeper ( 1 Min. Read )

Naming Rights

RJ Matson, The New York Observer Feb 26, 2009 Dig deeper

Citigroup Does the Splits

Staff / Truthdig Jan 16, 2009 After receiving $45 billion from U.S. taxpayers just two months ago, Citibank's much-maligned parent Citigroup will be no longer, as the financial giant announced in Solomon-style manner Friday that it will split itself into two, dividing the company's traditional banking business -- becoming Citicorp -- and its riskier investment department -- Citi Holdings. Dig deeper ( 1 Min. Read )

Bailout Ballpark

Stanley Kutler / Truthdig Dec 4, 2008 The U.S. taxpayer is on the hook for more than $300 billion of Citigroup's junk investments, so where did the ailing bank find $400 million to put its name on the New York Mets' new stadium? Dig deeper ( 3 Min. Read )

When Losing $10 Billion Is a Relief

Staff / Truthdig Jan 15, 2008 You know the economy is in trouble when investors and analysts are relieved that Citigroup lost only $9.83 billion in the last quarter of 2007. The banking giant managed to squeeze a few billion out of Abu Dhabi and Singapore, and will still pay a dividend on its stock, so for now the mood is upbeat. Dig deeper ( 1 Min. Read )