Entries tagged "Richard Parsons"

Citi's Parsons hedging on GOP in 2010?

Citigroup chairman Richard Parsons is a long time Republican, so is his recent hiring of Republican lobbyist Richard Hohlt a sign he's expecting the GOP to rule Congress again?

Citi's Parsons will still mind the bank

Bloggers are taking Citigroup chairman Dick Parsons to task over his decision to take on an advisory role at PE firm Providence Equity Partners -- even though he likely will have the time.

Citigroup's Parsons joins Providence Equity

Citigroup chairman Richard Parsons is going back to dealmaking part time for Providence Equity Partners.

Should the Treasury sell Citigroup shares yet?

It looks like Treasury may not have to wait too long before it sells its 34% stake in Citigroup.

Parsons says Citi will repay TARP eventually

Citigroup Chairman Richard Parsons has no doubt that the bank will be able to repay the $45 billion in bailout money, he just doesn't know when.

Parsons: Citi doesn't need more TARP funds

As Citigroup Inc. (NYSE:C) prepares plans to nominate new board members, its current chairman told Reuters that the bank "is actually one of the better capitalized banks in the world."

Details on government aid deal for Citigroup

Citigroup's deal with Uncle Sam will not require additional taxpayer money and could increase the government's stake by 28%.

Bank Watch: Parson joins Citi

It took more than a decade for Citigroup Inc. to become a financial supermarket, but now the New York financial insitutution is following a new recipe with a new leader. Richard Parsons will succeed Sir Win Bischoff as chairman on Feb. 23. Parsons is the former chairman of Time Warner Inc., which he joined as president in February 1995. Parsons walks into a company that is bleeding billions, looking for cash through divestments and simply has fallen into critical condition. One company Citigroup said Thursday it wants to keep is its Mexican banking unit Banamex, according to Reuters. Citi...

Citi to boot Bischoff? Is Pandit next?

It looks like Citigroup Inc. could soon have a new chairman, and maybe even a new CEO too. According to The New York Times, federal banking regulators want to kick Winfried F. W. Bischoff out and bring in a new chair that can restore investors' trust. ...

Obama huddles with his economic brain trust, but no treasury pick yet

President-elect Barack Obama will meet with his economic advisory group Friday and then plans to hold his first press conference since winning the election on Nov. 4. The meeting will take place in Chicago, followed by a 2:30 p.m. EST press conference. However the president-elect is not expected to announce his hotly anticipated pick for treasury secretary just yet, campaign aides said....

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