Displaying 398 results
Wilmington Trust sues former HNW team in move to Citi
Wilmington Trust Co., the Delaware bank founded by the du Pont family and being bought by M&T Bank Corp., sued three former company vice presidents who defected to Citigroup Inc., allegedly with proprietary data.
Citigroup loses head of wealth unit
Deborah McWhinney apparently has had enough of the wealth management business
Citigroup’s McWhinney bows out as wealth management boss
Former Schwab exec taking on back-office role at Citi; reassignment seen as blow for bank's remaining advisers
McWhinney installed as head of Citi’s Personal Wealth Management unit
Struggling New York banking giant Citigroup Inc. today named Deborah Doyle McWhinney managing director and head of the bank’s newly created Citi Personal Wealth Management unit, which will include roughly 600 financial advisers already in place in retail bank branches throughout the country.
What the whisper numbers say about Citi, Schwab
These shadow estimates will have a big influence on how the market reacts tomorrow to the pair's fourth-quarter results
Citi execs griped about bailout: Report
Thought government's demands were too dear; take it or leave it
Joe Montana’s private bank taps former Citi exec
Modern Bank NA, a lender to the wealthy where former football quarterback Joe Montana is vice chairman, hired Citigroup Inc. veteran Damian Kozlowski to lead a turnaround after almost $30 million of losses in five years.
Judge rules against breakaway brokers in Citi case
Orders six litigants to pay bank's legal fees in dispute over promissory notes; 'stalling' tactic
Citi hires 200 bankers, targets small firms
Citigroup Inc. Chief Executive Officer Vikram Pandit, who for the past two years has championed the U.S. bank's “globality,” may be getting a new mantra: locality.
No contest: Merrill stomping MSSB in wirehouse wars
In the clash of the two largest U.S. brokerages, Bank of America Merrill Lynch is generating more profit with fewer people than Morgan Stanley Smith Barney LLC.
Ex-Smith Barney adviser admits to $3M fraud scheme
Sanjeev Jayant Kumar Shah, a former adviser at Smith Barney, pleaded guilty today to defrauding clients of more than $3 million, prosecutors said.
<b>Commentary</b>: ‘Too hot’ Citi banker: Role model or model wannabe?
The shame of the Debrahlee “They Fired Me Because I Was Too Hot” Lorenzana story is that it is the rare Wall Street gender discrimination case that gets the public's attention. Yet Lorenzana is making negligible efforts to exploit it on anyone's behalf except her own.
<b>Incite</b>: Alleged fraud at Citigroup — but no perps
Judge questions bank's $75M settlement with SEC over subprime disclosure; invisible men?
Who shot down J.R.? Judge nixes $11.6M payout to Larry Hagman
In October, a Finra arbitration panel ordered Citigroup to pay former 'Dallas' star Larry Hagman a whopping $11.6 million for, among other things, breach of fiduciary duty. Yesterday, a judge threw out the award, saying that one of the panel members may not have been impartial.
SEC probes Citi funds after Smith Barney brokers’ protests
The U.S. Securities and Exchange Commission is investigating whether Citigroup Inc. misled investors about the riskiness of some soured debt funds, the Wall Street Journal reported, citing unidentified people familiar with the matter.
Uncle Sam looks to cash in on Citi rebound
The government's planned sale of up to 1.5M shares of the bank could net a healthy profit; U.S. bought at $3.25 -- Citi trading at $4.86
Citigroup profit surges
Citigroup Inc., the bank 12 percent- owned by U.S. taxpayers, said profit surged, beating analysts' estimates as the company reduced loan-loss reserves by $1.99 billion.
UBS, Citi snag execs from MSSB
Locicero to run UBS's wealth management office in L.A.; Stewart to oversee Citi's retail banking, wealth management
Arbitrators: B-Ds kept brokers in the dark on private deals
From giants such as Citigroup Inc. to small broker-dealers such as Pacific West Securities Inc., brokerage firms have kept their representatives in the dark about problematic details in investments.
Uncle Sam books $1B profit from Citi sale
Treasury reaps handsome profit from sale of 1.5B shares; stake now down to 12%
