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“I’m sorry. These are people I love and care about. Full Article at The Big Picture
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John Reed, who originally helped merge Traveller's Group with Citibank with Sandy Weill, is performing a mea culpa for creating megazombie Citigroup (C): Bloomberg: “I’m sorry,” Reed, 70, said in an interview yesterday. Full Article at Clusterstock
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John S. Reed, who helped engineer the merger that created Citigroup Inc. , apologized for his role in building a company that has taken $45 billion in direct U.S. aid and said banks that big should be divided into separate parts. Full Article at New York Daily News
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"Congress’ overhaul of U.S. financial regulations should include ordering banks to hold more capital, ensuring executives’ compensation is aligned with long-term profitability and banning firms that take deposits from also engaging in... Full Article at Philly.com
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FILE -- (NYT13) NEW YORK -- March 10, 2009 -- MARKETS-CITIGROUP -- A Citibank branch in New York, February 23, 2009. Full Article at Denver Post
