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Citi Nabs A New Hire – With Taxpayer Money – US-FOREX.US
Citigroup is flexing its muscles in the marketplace-using taxpayer money. Citi has hired Dan Petherick, an equity derivatives salesman, from Morgan Stanley, offering Petherick a guaranteed bonus to join the embattled bank, say people familiar with the situation. Citigroup has been a big recipient of taxpayer funds-45 billion and counting.The size of Petherick’s guarantee couldn’t… »
A Sermon To The Banking Industry – US-FOREX.US
HSBC Chairman Stephen Green has joined regulators and central bankers in warning his fellow banking bigwigs that it is still too early to be optimistic about the financial sector. “We cannot even say that we are past the worst,” said Green, speaking to the British Banker’s Association Annual International Banking Conference on Tuesday in London,… »
