Jan. 20 (Bloomberg) — Citigroup Inc., the third-biggest U.S. bank by assets, awarded Chief Executive Officer Vikram Pandit about $3.7 million in stock as the firm reported a 6.4 percent increase in full-year profit.
Tag Archive: u s bank
As the Occupy Wall Street movement enters its seventh week of protest against income inequality, some Midwestern Occupiers are zeroing in on housing issues affecting their communities.
Occupy Minneapolis successfully pressured U.S. Bank this week to postpone a Twin Cities woman’s eviction. Now they’re planning “Operation F,” a campaign pushing for a foreclosure moratorium by occupying foreclosed homes.
“What we started to do was to make preparations, digging in and taking the occupations to peoples’ homes,” said Ben Egerman, a protester at Occupy Minneapolis. The protesters will go to houses where the homeowners face eviction and ‘occupy’ the homes to highlight the ongoing mortgage mess.
Bank of America Corp. is cutting 3,500 employees this quarter and working on restructuring plans that will ax several thousand more jobs, The Wall Street Journal and The New York Times reported citing people familiar with the situation.
The reports Friday said that the job cuts at the biggest U.S. bank by assets might exceed 10,000 or about 3.5 percent of its current work force.
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WASHINGTON — The Department of Justice is preparing a lawsuit against Wells Fargo, the nation’s largest home mortgage lender, for allegedly preying upon African American borrowers during the housing bubble and steering them into high-cost subprime loans, according to three people with direct knowledge of the probe.
The company, the fourth-largest U.S. bank by assets, is currently embroiled in pre-lawsuit negotiations with the Justice Department in hopes it will settle the accusations and avoid a public lawsuit, these people said.
The allegations mirror those in public actions taken by the Federal Reserve and a separate lawsuit filed by the city of Baltimore.
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The Version Titleist AP2 Irons were spotted first in Adam Scott's bag at the 2009 British Open and then in the bag of Bill Haas at the U.S Bank Tournament. There are several names floating about including Titleist AP2, AP2B, AP4 and or AP2 710.
Hours after winning his first PGA Tour event, the 2009 U.S. Bank Championship in Milwaukee, Bo Van Pelt was in Chicago, where he spent the evening in earnest discussion with short-game sage Phil Rodgers.
Wisconsin is back in the golf spotlight for the first time since losing its annual PGA Tour event last year, when the 42-year-old U.S. Bank Championship in Milwaukee folded. Steve Stricker and Jerry Kelly, both from Madison, talked for a time about trying to revive a regular stop, but organizing the event has proven hard.
