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2 May 2012, 10:35 am
The absurd result is that it is easier to obtain a bankruptcy discharge of back income taxes owed to the federal government than it is to discharge private student loans owed to Citibank. [read post]
29 Apr 2012, 3:17 pm
Settlement applies to the five named servicers, Ally (formerly GMAC), Bank of America, Citibank, JPMorgan Chase, and Wells Fargo. $5B to fed and state governments includes money for the cash payments to borrowers wrongly foreclosed. [read post]
29 Apr 2012, 4:38 am
Ganhuyag just pointed in a tweet to an article about his former bank (he was CEO of XacBank for ten years). [read post]
28 Apr 2012, 11:37 am
Law firms virtually always borrow from commercial banks; in fact, many of the larger firms borrow from Citibank, which has widely recognized expertise in lending to large law firms. [read post]
26 Apr 2012, 11:18 am
Citibank Delaware, the court held that if the chosen state’s law is contrary to a fundamental public policy of the forum state, the parties’ choice of law will not be enforced. [read post]
24 Apr 2012, 10:00 pm
The Hildebrandt/ CitiBank 2012 Client Advisory (page 5) also notes that “[There is] continuing client resistance to fee increases [and]… it is unlikely.. that the demand for legal services will grow robustly for the foreseeable future… The legal industry will be forced to live with uncertainty for some time to come…”. [read post]
20 Apr 2012, 8:13 am
Kaiser, Adam Kaiser, Al Togut, Albert Togut, Bankruptcy, Biglaw, Citi, Citibank, Citigroup, Dewey & LeBoeuf, Dissolution, FedEx, Fred Gander, Fred R. [read post]
20 Apr 2012, 2:00 am
In this post, Thomas Fox discusses whether corporate hospitality at the summer games could get companies in hot water under the new UK Bribery Act. 2) The Race to the Bottom: Citibank and Say on Pay: A Metaphysical Analysis - In a bit of surprising news this week, Citigroup shareholders failed to approve the company’s executive compensation practices marking the first time a major financial institution has experienced a negative vote. [read post]
18 Apr 2012, 7:32 am
Shareholders at Citibank rejected the compensation package submitted under the mandatory requirement of say on pay. [read post]
17 Apr 2012, 1:16 pm
The Hawaii attorney general recently initiated litigation against seven major banks (Bank of America, Barclays, Capital One, Chase, Citibank, Discover, and HSBC), claiming they sell worthless payment protection plans to consumers in Hawaii. [read post]
16 Apr 2012, 3:06 pm
He also retained "bank, brokerage and similar financial accounts" that were in his name, two of which were specifically referenced-his capital account as a partner at the law firm and a Citibank account. [read post]
9 Apr 2012, 4:00 am
On Thursday, the Second Circuit Court of Appeals decided Viacom v. [read post]
6 Apr 2012, 12:54 pm
For example, let’s say you have one living parent (we’ll call her Mom), she has three children and she owns the following assets: House—A home titled in the name of her revocable Trust, which lists all three children as equal beneficiaries, Bank Accounts—A checking and savings account at Citibank titled jointly in her name and her oldest son’s name (we’ll call him Adam), Brokerage Account—A brokerage account titled jointly with her youngest… [read post]
5 Apr 2012, 10:24 am
The purchase of that penthouse, which previously belonged to the CEO of Citibank and is located on Central Park West, made national headlines as the priciest home sale in the city – nearly 70 percent more than the previous record-high sale. [read post]
4 Apr 2012, 7:56 am
My management team will receive bonuses and huge grants of stock even when I lose money (Vikram Pandit of Citibank, come on down). [read post]
4 Apr 2012, 7:56 am
My management team will receive bonuses and huge grants of stock even when i lose money (Vikram Pandit of Citibank, come on down). [read post]
4 Apr 2012, 6:58 am
He also retained "bank, brokerage and similar financial accounts" that were in his name, two of which were specifically referenced-his capital account as a partner at the law firm and a Citibank account. [read post]
4 Apr 2012, 2:56 am
My management team will receive bonuses and huge grants of stock even when I lose money (Vikram Pandit of Citibank, come on down). [read post]
3 Apr 2012, 12:04 pm
The 25 billion settlement is between the government and Ally Financial, Bank of America, Chase, Citibank and Wells Fargo after allegations surfaced in 2010 that bank employees were fabricating or failing to review documents used in foreclosure proceedings and refusing to work with borrowers to modify loans. [read post]
