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’A risk management review of Citi, revealed
That’s an old Valentine’s day letter — sent on February 14, 2008 — from John Lyons at the Office of the Comptroller (OCC) to Citigroup CEO Vikram Pandit. We bring it up because it’s the subject of a new column by Bloomberg’s Jonathan Weil,
US commercial banks lost $9.2bn on derivatives trades in Q4 08
The Office of the Comptroller of the Currency is an under-remarked institution, given its mandate:
The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks.
Tin Hat Time!: FT Alphaville’s credit crunch anniversary video
If you’re missing the – err, well, you know, the razor-sharp analysis and pithy one-liners of FT Alphaville’s Paul Murphy (while he tries, in his island hideaway, to forget we all exist), see FT.com’s video,
The best retail bank in the UK is…..
Now here’s a press release we can warm to: UK retail banks among the lowest performers in Europe.
Yes, yes – they’re all rubbish. Everyone hates their bank (anecdotally) – kept captive as a customer only by the vague feeling and inherent fear that a transfer will be fraught with difficulty and that none of the rest will be any better.
Millionaire sues Citibank after Swiss funds go missing
A reclusive German millionaire is claiming damages against Citibank in what lawyers say is the biggest alleged fraud in Swiss private banking history. Lawyers for Peter Mikutta last week filed papers claiming SFr44m in damages against the US banking giant for dereliction of its fiduciary duties.