The bots are alright? Heard on the Street: Elon Musk’s new Twitter diligence is as questionable as the bots he want… https://t.co/9BUzva0amo— 8 hours 28 min ago via@theofrancis
Wow: Allianz SE subsidiary (U.S.) agrees to pay more than $6 billion in penalties, restitution. https://t.co/DmnEa0grnk— 1 day 4 hours ago via@theofrancis
Now with a link to the verdict itself: A state judge struck down a 2018 California law requiring companies in the s… https://t.co/9pS9jRx2bM— 1 day 23 hours ago via@theofrancis
CEO pay today: Half made more than $14.7 million in 2021. Nine got pay packages of $50+ million, sometimes much mor… https://t.co/uxljOPokiX— 3 days 6 hours ago via@theofrancis
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Weeks before Vikram S. Pandit’s surprise resignation on Tuesday as chief executive of Citigroup, the banking giant’s powerful chairman, Michael E. O’Neill, was privately huddling with other board members to plan how to replace him, according to several people briefed on the talks.
That didn't take long. The economy hasn't yet recovered from the implosion of risky investments that led to the worst recession in decades—and already some of the world's biggest banks are peddling a new generation of dicey products to corporations, consumers, and investors.
At first glance, banks seem to be recovering nicely from the financial crisis. But investors cheered by optimistic earnings reports could soon face a painful surprise.