Financial Markets

A puff peice in the International Herald Tribune on Robert Rubin and his failure at Citigroup. At Citigroup’s annual meeting last week, Joe Condon, a retired Citibank regional manager in New York, posed a similar question. “What kind of advice did he give to Prince?” asked Condon, who spent 38 years at the bank. “Citigroup bankers [...]

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 John Reed finally publicly comments on the difficulties Citigroup faces today. Walter Wriston and John Reed  built the global diversified financial services company over four decades(1960-2000);  Sandy Weil and Chuck Price pillaged and nearly destroyed it in 5 years. In a rare interview, Mr Reed said it was unclear whether the company’s model or its management deserved the [...]

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