Weill may be right about the need to break up the banks, but bigger profits are not the reason.
FORTUNE -- Would JPMorgan and Chase really be more profitable if they parted ways?
Sandy Weill seems to think so. When the man who spent the 1990s building the behemoth Citigroup (C) went on CNBC to argue that the big banks should now be split up, Weill said it would not only be MOREStephen Gandel, senior editor - Jul 26, 2012 2:55 PM ET
A trio of studies indicates that Citigroup understated its borrowing costs more than others.
Update 7/20, 10:00 A.M.
FORTUNE -- Earlier this week, Citigroup CEO Vikram Pandit told analysts not to use Barclays' $450 million Libor settlement as a guidepost for what his firm might have to pay. And he could be right. Citigroup (C) might end up paying much more.
A number of studies have shown that when it comes to lying MOREStephen Gandel, senior editor - Jul 19, 2012 12:18 PM ET
Revenue in a number of Citi's I-banking businesses plunge 40% and the possibility of layoffs is growing.
UPDATE 7/18 10:30 AM
FORTUNE -- Wall Streeters are probably happy to have the second quarter behind them. The question is whether the third will be any better.
More evidence for just how bad the investment banking business is emerged from Citigroup (C). Overall, the bank's profits, which Citi reported Monday morning, were better than expected. MOREStephen Gandel, senior editor - Jul 16, 2012 1:33 PM ET
Former Citigroup CEO Sandy Weill, who pushed to repeal the Glass-Steagall Act, is among those blamed for the financial crisis. Today Weill says it's time to stop blaming and instead focus on the future.
FORTUNE – After a long career on Wall Street, Citigroup's former CEO and chairman Sandy Weill is trying to put the near collapse of the bank behind him. In recent years, Weill has been focusing most, if MORENin-Hai Tseng, Writer - May 7, 2012 11:37 AM ET
In a first, a major bank may be forced by shareholders to cut the pay of its CEO.
FORTUNE - It took a 14,999,999% pay increase to finally put the "say on pay" regulations in the Dodd-Frank bank reform to the test on Wall Street.
Shareholders at Citigroup (C) on Tuesday voted against giving CEO Vikram Pandit a $15 million raise for 2011. He had made $1 the year before. It's the MOREStephen Gandel, senior editor - Apr 17, 2012 3:13 PM ET
The financial condition improved at Citigroup, and expenses were flat, even as sales and profits fell.
FORTUNE - Citigroup (C) is healing, but it's still not growing.
Profit at the bank, the third major financial institution to reveal results for the first quarter, fell slightly from a year ago to $2.9 billion, but after a number of accounting adjustments were better than analysts had been expecting. Sales were down as well to MOREStephen Gandel, senior editor - Apr 16, 2012 8:34 AM ET
The Fed's test proved the banks could survive another downturn, as long as the next downturn looks like the last.
FORTUNE -- Nearly three years ago I wrote a story saying the Federal Reserve should make bank "stress tests" an annual event. Now that it seems they have, I am not sure how wise my advice was.
On Tuesday, the Fed said that the nation's largest banks would be able to weather MOREStephen Gandel, senior editor - Mar 14, 2012 10:53 AM ET
Fed says 15 of the nation's 19 largest financial firms are ready for the next recession. Citigroup and others could need more capital.
FORTUNE -- The Federal Reserve said a majority of the nation's largest banks would be able to weather another deep recession. Four banks, though, have more work to do.
In the stress test results it released on Tuesday afternoon, the Fed said that 15 of the nation's 19 largest MOREStephen Gandel, senior editor - Mar 13, 2012 4:57 PM ET
Wall Street's bad bonus year did not extend to Citigroup's c-suite.
FORTUNE -- Vikram Pandit is officially no longer Citi's $1 man. Whether he should be a $15 million one is the question.
Yesterday, the bank disclosed that it paid its CEO nearly $14.9 million in cash and options in 2011. That was up from a dollar the year before. Back in 2009, Pandit said he would take a salary of $1 until MOREStephen Gandel, senior editor - Mar 9, 2012 4:58 PM ET
Parsons is getting slaps on the back for his tenure at Citigroup, but his record at the bank is mixed at best.
FORTUNE -- On Friday, Citigroup (C) said that its chairman Richard Parsons is stepping down. The departure has mostly been greeted with a job well done response. The New York Times headline was "With Citigroup Stabilized, Parsons Decides to Retire." The Wall Street Journal said Parsons had strengthened CEO MOREStephen Gandel, senior editor - Mar 5, 2012 3:30 PM ET
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