Feinberg told Citi that Hall took too much risk, reported by Chartpoppers.com
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(CHARTPOPPERS.COM, November 17, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Citigroup Inc (NYSE: C)
The Consolidated Investment Analysis on Citigroup Inc (NYSE: C)will be in particular interest to other companys in the Financial sector, such as Bank of America Corp. (NYSE: BAC), JP Morgan Chase (NYSE: JPM) and HSBC Holdings plc . (NYSE: HBC)
Citigroup Inc (NYSE:C) a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. The company has two primary segments, Citicorp and Citi Holdings. The Citicorp segment operates as a global bank for businesses and consumers with two primary businesses, Institutional Clients Group and Regional Consumer Banks.
Recent News on Citigroup Inc (NYSE:C)
Before Citigroup (C.N) opted to sell its Phibro energy trading unit, the Obama administration's pay czar told the bank that anybody earning $100 million a year in salary may be taking "excessive risk."
Kenneth Feinberg, the pay czar, disclosed the conversation in his most public statement so far about Citigroup's decision to sell Phibro.
"I know it when I see it," he told the Reuters Global Finance Summit, referring to excessive risk.
Phibro became a lightning rod for criticism on Wall Street pay. Its star trader, Andrew Hall, stood to make as much as $100 million this year after making a similar amount last year.
The bank, which is roughly one-third owned by the U.S. government, said in October that it was selling the trading unit. Sources at the time said the profitable unit was sold mainly to appease Feinberg.
To view the Consolidated Investment Analysis on Citigroup Inc (NYSE:C)Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
The Consolidated Investment Analysis on Citigroup Inc (NYSE: C)will be in particular interest to other companys in the Financial sector, such as Bank of America Corp. (NYSE: BAC), JP Morgan Chase (NYSE: JPM) and HSBC Holdings plc . (NYSE: HBC)
Citigroup Inc (NYSE:C) a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. The company has two primary segments, Citicorp and Citi Holdings. The Citicorp segment operates as a global bank for businesses and consumers with two primary businesses, Institutional Clients Group and Regional Consumer Banks.
Recent News on Citigroup Inc (NYSE:C)
Before Citigroup (C.N) opted to sell its Phibro energy trading unit, the Obama administration's pay czar told the bank that anybody earning $100 million a year in salary may be taking "excessive risk."
Kenneth Feinberg, the pay czar, disclosed the conversation in his most public statement so far about Citigroup's decision to sell Phibro.
"I know it when I see it," he told the Reuters Global Finance Summit, referring to excessive risk.
Phibro became a lightning rod for criticism on Wall Street pay. Its star trader, Andrew Hall, stood to make as much as $100 million this year after making a similar amount last year.
The bank, which is roughly one-third owned by the U.S. government, said in October that it was selling the trading unit. Sources at the time said the profitable unit was sold mainly to appease Feinberg.
To view the Consolidated Investment Analysis on Citigroup Inc (NYSE:C)Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Contact Information:
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
