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Weill Calls for Splitting Up Big Banks

They were words no one ever expected Sanford I. Weill to utter. “What we should probably do," said the man who helped usher in the age of the financial supermarket, "is go and split up investment...

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In Spat Between Citigroup and Morgan Stanley, Appraisers Are Called In

The investment bank Perella Weinberg Partners has been called in to mediate as Morgan Stanley wrangles with Citigroup over how to value a unit they jointly own, Morgan Stanley Smith Barney.

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Behind the Huge Facebook Loss at UBS

Like several other market-making firms, UBS lost money on Facebook's botched initial public offering. The difference is that the Swiss bank is claiming to have suffered about 10 times the damage that...

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Former Citigroup Manager Cleared in Mortgage Securities Case

The Securities and Exchange Commission lost its lawsuit against Brian Stoker, who was accused of negligence in preparing sales materials for a C.D.O. But the jury also sought to reassure the agency in...

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S.E.C. Gets Encouragement From Jury That Ruled Against It

The jury that acquitted a former Citigroup executive in the S.E.C.’s case against him included with the verdict a statement supporting financial investigations.

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S.E.C. Gets Encouragement, but Needs Something More

John W. Keker, lawyer for the former Citigroup employee accused of misleading investors, offered what will forever be known in the securities field as the “Where’s Waldo?" defense by arguing that his...

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Problems Riddle Moves to Collect Credit Card Debt

Judges said that big lenders were using inaccurate or incomplete records to go after consumers, including some who had already paid their debts.

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The New Citigroup Isn’t Your Father’s Citicorp

Vikram S. Pandit, Citigroup's chief executive, has entered the debate over splitting up big banks. But did he overstate one of his key points?

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JPMorgan’s Former Leader Makes a Case for Big Banks

William B. Harrison Jr., a primary architect of the modern-day JPMorgan Chase, writes in an op-ed in The Times that the breakup of big banks would not prevent risky behaviors.

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UBS Also Urges S.E.C. to Reject Nasdaq’s Proposal

UBS is the latest financial firm to shoot down Nasdaq's $62 million proposal to compensate customers who lost money during Facebook's bungled initial public offering.

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Citigroup in $590 Million Settlement of Subprime Lawsuit

Plaintiffs in the lawsuit, settled for $590 million, said the bank failed to disclose its huge holdings in collateralized debt obligations.

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Multinationals Stake a Claim in Venture Capital

Companies like American Express and General Motors have opened small offices in Palo Alto to stay closer to innovation, as an investment and a mind-set.

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Morgan Stanley to Take Over Smith Barney, With Citigroup’s Blessing

Morgan Stanley and Citigroup agreed on Tuesday to value their brokerage joint venture, Morgan Stanley Smith Barney, at $13.5 billion, allowing Morgan Stanley to buy full control of the business at a...

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A Warning on Bank Complexity, From Someone Who Would Know

Sallie L. Krawcheck, a former Bank of America and Citigroup executive, discussed her concerns about the complexity of financial behemoths at a conference. “It makes you weep blood out of your eyes,”...

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Behind Goldman Sachs’s Success Is a Focus on Survival

Goldman Sachs has made an effort to heal self-inflicted wounds and maintain its dominance in investment banking.

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