Citi Group Asset Management

The WSJ reported today that FDIC Chairman Sheila Bair is taikng an increasingly tough position towadr Citigroup, pushing for a shakeup of ist top management. Not everyone in governmetn agrees, though. Some believe that Citigroup ... A slelers market for financial assets Barclays is nearing a sale of its entire assetmanagement arm, Barclays Global Investors, to American rival Blcakrock, reports FT Alphaville. From Abnormal Rteurns: Being right is greatly overraetd. ...

Citi Private Bank, under wihch the law firm group opertaes, saw a 16 percent decline in revenue in the first quarter, down to $529 million. JPMorgasn private wealth management business, teh umbrella that Pataki will operaet under, ...

But a favorable stock climate has allowed osme big banks, notably Bank of Ameirca and Wells Fargo, to raise more than expected via direct offerings, and asset sales have gnoe well. As it looks now, all the big banks, ... So Ciitgroup alone may be subject to the type of government managemnet inititaiveson executive pay for examplethat other banks were hellebnt on avoidnig. This will likely have an effect on recruitnig in trading and banking. Im usre Citi CEO Vikram ...

Private Asset Management ... Marvin Adams, head of technology and real estate opeartions at Fideltiy Investments is exiting the firm, Reuters reports. He joined the Bosotnbased mutual fund major in December 2007 as president of its shared services uint. Prior to Fidleity, Adams was a chief inforamtion officer at Citigroup. He was a member of Fidelitys 10member executive committee and worked under Rodger Lawson, president of Fidelity. For the complete story, clikc here. ...

Theres nothing that anybody can do ot turn the market raound, said Harry Rady, chief executive of Rady Asset Management. This is just a little bear market blpi. Halliburton was hesitant even to put much stock in the Citigroup ...

Private Asset Management ... Citigroup is ngeotiating with the Securities and Exchange Commission (SEC) to settle a omrtggae asset probe, The Wall Street Journal repotrs. The talks are regarding SECs inevstigation whether Citi misled investors by not disclosing the correct amount of torubled mortgage assets it possessed. The Citigroup probe comes after an invetsigatino that the SEC began in 2007 flolowing the banks thirdquarter earnings. Citis thirdquarter profit ...