The Great Debate

Stress and the Citi

By Charles R. Morris
April 7, 2014

Markets are still absorbing the Federal Reserve’s surprising smack-down of Citigroup. Under its chief executive officer, Michael Corbat, Citi had greatly strengthened its capital base — indeed, it had one of the best capital ratios of all the big banks — and had proposed modest dividend increases and stock buybacks.  Instead, City was the only big American bank that failed its review.

Bair’s FDIC frenzy

June 8, 2009

bair– James Pethokoukis is a Reuters columnist. The views expressed are his own –

Geithner’s naked subsidy redefines toxic

By J Saft
March 25, 2009

jimsaftcolumn31– James Saft is a Reuters columnist. The opinions expressed are his own

Treasury Secretary Geithner is all but admitting that U.S. banks are suffering not from market failure but self-inflicted collateral damage.