Topic: Citigroup Inc.
Obama, Clinton fundraiser admits $292 million fraud
Reuters US Online Report Top News
NEW YORK (Reuters) - A former political fundraiser for leading Democratic Party politicians, including Barack Obama and Hillary Clinton, pleaded guilty on Thursday to defrauding three major banks out of $292.2 million in loan transactions. Hassan Nemazee, 60, once head of a private equity firm and an Iranian American Political ...
Credit card data hints at U.S. consumer rebound
Reuters US Online Report Business News
NEW YORK (Reuters) - Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others -- a sign the lenders still face hurdles in the wake of the deep recession. The delinquency rates likely received a seasonal boost, but nonetheless signal the card issuers are less likely to ...
Abu Dhabi SWF sees more global "uncertainty" in 2010
Reuters US Online Report Business News
ABU DHABI (Reuters) - Abu Dhabi Investment Authority (ADIA), considered the world's largest sovereign wealth fund, said the global economy still faces "considerable uncertainty," in its first annual review aimed at enhancing transparency. The fund, believed to have assets of around $500 billion to $700 billion, said the sustainability of ...
Data, Fed to test if rally has legs
Reuters US Online Report Business News
NEW YORK (Reuters) - Investors will try to tack another leg on to the year-long U.S. stock rally, looking to this week's economic data and statement from the central bank for evidence the recovery is still on track. After tumbling during the fourth-quarter earnings season, the S&P ...
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