Sandy I. Weill, former CEO and President of Citibank suggests the banks break up investment banking from personal banking.
*The banking industry has been reeled in by President Obama.
When he came into office the banking industry was running loose deregulated and offering predatory loans to those who could least afford to take chances with their money.
But a major culprit in introducing “big banking” has turned over a new leaf.
Sandy I. Weill is the former CEO and Chairman of Citibank, one of the largest banks in the world, and the inventor of the “financial supermarket.”
But Weill has been thinking about his theories since leaving Citibank and suggests that it may not be a great idea that investing, lending, and personal banking should be combined, (more…)
*A lot of us have taken advantage of the frequent flyer miles promotions that airlines offer through their credit cards and other types of promotions.
But now it seems that their card distributor, Citibank, is hustling customers through a tax “scam.”
Time Magazine reported a glitch in Citibank’s business practices and are alerting others to what some depict as a “scam” to
*Have you ever forgot it was a holiday and went to the bank walked inside only to find no one was manning the store? Yeah, me neither.
But, people in Modesto, Ca., found the doors open and used the honor system. A concerned citizen trying to make a good impression on her daughter and show her how important it is to do the right thing.
Citibank owes a debt to Heather Breeding. She discovered the branch was open when she visited their ATM. She opened the door and not only was that door open, but the door to the teller area. (more…)