Financial giant Sandy Weill says "Never mind" on superbanks
He once headed up Citigroup and worked to get laws in place to let banks, insurance companies and investment firms merge. Now he is changing his mind. It rem...
Financier Hands' lawsuit vs Citigroup over EMI revived
REUTERS - A U.S. appeals court has revived British financier Guy Hands' lawsuit accusing Citigroup Inc (C.N) of defrauding him into overpaying for music company EMI Group Ltd, a disastrous purchase that reflected the risk of buying debt-laden companies during the buyout bubble.The 2nd U.S. Circuit Court of Appeals in Manhattan overturned a November 2010 jury verdict against Hands' private equity ...
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