Category Archives: News and Events

Citigroup has agreed to pay $97.4 million to end the inquiry of the U.S. Justice Department into the money-laundering that was occurring through the bank’s facilities at Banamex. The bank has already paid $140 million to FDIC as a fine … Continue reading →

John McFarlane, chairman of Barclay’s Bank on the Board’s position on retaining James E. Staley (Jes) as the bank’s third CEO since 2012, when the bank’s LIBOR rate-fixing scandal became public. Mr. Staley tried to obtain the identity of an … Continue reading →

New York City Mayor Bill de Blasio defending his embattled jails chief. Actually, Mayor, the car issue arose because the guy spent 90 days out of the state last year — the car was just how he got there. Bad … Continue reading →

Joseph Ponte, embattled commissioner of the New York City Department of Corrections, insists that he was told by city officials that it was A-Okay for him to drive his city-issued vehicle out of state on personal trips. Mr. Ponte was … Continue reading →

We’re talking abuse of inmates by guards and inmates, misuse of official cars, and the jail monitor allegedly spying on the Corrections Department of Investigations staff as they attempted to figure out what was going on at the Big House. … Continue reading →

Wacky, probably some fraudulent, sales tactics were pervasive at Wells Fargo. When you have to fire 5,300 employees in one fell swoop, you have a culture problem. Yet, following a high-falutin’ law firm independent investigation, and that report, to Well’s … Continue reading →

Seen it before. Written about it before. The cult-like following among investors and buyers. Tesla is a cultivated brand — status symbol — environmentally conscientious folks who can feel pretentious and pure at the same time. The iconic CEO — … Continue reading →

Antony Jenkins was named Barclay’s CEO in December 2012 following the LIBOR rate-fixing problems at the bank, a serious misstep that cost the bank almost one-half billion in fines. Mr. Jenkins, by all accounts, worked diligently to change the Barclay’s … Continue reading →

The United Airlines passenger-dragging has a ubiquitous presence on the Internet, TV, radio, and at work gathering places. Every opinion possible has been uttered, save one. Yes, we have no rights as passengers. Yes, United did not handle things well. … Continue reading →

Reading through the full-page ad Wells Fargo has run in the Wall Street Journal, New York Times, and USA Today. for two days in a row. They have done some good things: 1. Fired some executives who were linked to … Continue reading →

Uttered by the coach whilst whining about “this junk,” referring to the academic scandal at the university that resulted in 3,000 students getting credit for coursework in classes that never met (and nearly half of the students were student-athletes, mostly … Continue reading →

Yes, you read that correctly, Bruno, as the star goalkeeper is known in Brazil, was signed by Boa Esporte for two years. He received a 22-year sentence for killing his ex-girlfriend after she demanded child support for their newborn child. … Continue reading →

He avoided the felony charges, but got a misdemeanor conviction for what the jury found was his failure to stop the Sandusky abuse of minors on the Penn State campus. The one count conviction carries punishment of up to five … Continue reading →

Brig. Gen. Ron Lewis, a military adviser to Secretary of Defense, Ash Carter, used his government credit card to pay his tabs at “Hooker Hill in Seoul, drank excessively on trips with Secretary Carter, and had “inappropriate interactions” with military … Continue reading →