Citibank

Reports on Wednesday revealed that an Indonesian court has sentenced former Citibank customer relations manager Malinda Dee to eight years in prison after she was found guilty of embezzling more than $4 million from customer's accounts. Dee used the money to fund a lavish lifestyle, including...

Flagstar's corporate team may not include Reed Hastings, but that hasn't stopped the company from losing its value. In fact, Flagstar Bancorp (NYSE: FBC), the parent company of the Flagstar Bank chain, might actually be worse off than Netflix (NASDAQ: NFLX). Never mind the share price; right now,...

First, Standard and Poor's downgrades the U.S. debt. Next, Deven Sharma (S&P's president) announces that he has resigned. Now McGraw-Hill (NYSE: MHP), which owns Standard & Poor's, has roused proposals of splitting up the company. Is this restructuring a result of poor decisions by McGraw...

People often ask where the jobs are with all the money sloshing around by the Fed. The fact is, there are plenty of jobs around, with companies hiring in the thousands. To know what is going on, the following three articles should provide a clue: Foxconn Hiring 400000 Additional Workers Over...

People often asked where the jobs are with all the money sloshing around by the Fed. The fact is, there are plenty of jobs around, with companies hiring in the thousands. To know what is going on, the following three articles should provide a clue: Foxconn Hiring 400000 Additional Workers Over...

Citibank mentions, “As of the end of 1Q10, PW had a total cash balance of US$275m. We believe the transactions are likely to be closed in 3Q10. Since PW will own majority stakes in these two investments, we expect PW to start consolidating the financials either end 3Q10 or early 4Q10. While we...