The Round-Up: Wednesday

Citigroup CEO Pandit blames “tremendous concentration” of real estate assets for bank’s troubles. [Bloomberg]

Lawmakers called on the House ethics committee to investigate Rangel’s efforts to preserve a tax loophole for an oil-drilling company whose CEO pledged $1 million to a City College school that will bear Rangel’s name. [NY Times]

The Fed and the Treasury announced $800 billion in new lending programs to bolster the banking industry. [NY Times]

Consumer spending plunged in October. [NY Times]

Luxury retailer Tiffany anticipates weaker sales and possible layoffs. [NY Times]

The Case-Shiller Index reported a 1.8 percent monthly drop in nationwide home prices in September. [NY Post]

Between the Bricks: Mobil gas station on the West Side Highway near Meatpacking said to be sold for around $60 million; luxury jeans retailer signs lease on West 14th Street for in the $400- to $500-a-foot range; Swedbank gets some Lehman loans, which include ones for New York projects. [NY Post]

City Council members call on Citigroup to share new Mets stadium name with taxpayers. [NY Post]

Buildings Department decision over adding floors to two East Village buildings upsets tenants. [NY Post]

Gerald Schoenfeld, head of Broadway’s largest landlord, dies at 84. [AP]

The Round-Up: Wednesday