By Emily Witt 11/29/11 9:13am

The Law

Vikram Pandit, CEO of Citigroup.

Judge Rakoff Gives the S.E.C. a Stern Talking To in Citigroup Smackdown

Yesterday, U.S. District Judge Jed Rakoff blocked a settlement between the S.E.C. and Citigroup, criticizing the S.E.C. for settling a case without proving the factual nature of its allegations and allowing the bank to pay a fine and admit no wrongdoing. His published opinion, which might provide some satisfactory morning reading to some of those New Yorkers enjoying “passive recreation” in Zuccotti Park, is scathing. Read More

By Max Abelson 4/16/07 12:00am

Sold! ‘Money Honey,’ Hubby Buy $6.5 M. East Side Townhouse

Despite her salacious scandal earlier this year, CNBC’s top anchor, Maria (the “Money Honey”) Bartiromo, and husband Jonathan Steinberg are settling into domestic bliss: They’ve closed on a five-level townhouse on East 62nd Street, paying $6.5 million.

The five-bedroom house, east of Third Avenue, has a second-floor balcony overlooking the 39-foot-long backyard garden, plus a Read More

By Nicholas von Hoffman 4/02/07 12:00am

Credit-Card Pirates Ripe for Regulation

Claire McCaskill recently got a chance to do something that millions of us have wanted to do. She got a chance to tell the executives of the major credit-card companies what she thought of them.

Ms. McCaskill is the junior Senator from Missouri, one of the good things that happened in the last election. As Read More

By Nicholas von Hoffman 12:00am

A Deal That Smells to High Heaven

The guy to complete the last big deal ordinarily gets to shout “King o’ the Mountain!” and, for a month or so afterward, there is much oohing and aahing on the business pages. That didn’t quite happen after Kohlberg Kravis Roberts and Texas Pacific announced their purchase of TXU, the large Texas electric-utility company.

At Read More

By Staff 1/30/07 4:32pm

Obama Courts a Rubin

Barack Obama is chasing another well-known New York fundraiser: James Rubin. (No, not that James Rubin — this one.)

On Wednesday night at a steakhouse in Washington, Obama met with Rubin and a number of supporters including Michael Froman of Citigroup, Brian Mathis of Provident Group, Orin Kramer of Boston Read More

By Chris Shott 1/29/07 12:00am

Bank Branches Disappearing? What Corner Do You Live On?

And the last empty Lexington Avenue storefront in the Bloomberg Tower goes to—wait for it—Citibank.

The company’s forthcoming 56th Manhattan branch, located between 58th and 59th streets, will fill a 5,000-square-foot void along this Upper East Side commercial block, which is so desperately underserved by the cavernous Wachovia branch next-door. And the Bank of America Read More