US financial whistleblower gets £2.8m from IRS. FASB Updates Standards for Troubled Debt Restructurings. The Resurrection - Monday, March 28, 2011. (PICTURES: 5 CEOs Who Defy Washington) The question is, whose real economy?
Not necessarily America’s. In Pandit’s 10- to 20- year plan, the “America” part of Citi’s banking business clearly shrinks and the “global” part only grows. Pandit has sought to pare down his nearly $2 trillion company, disposing of asset management and other businesses. He sold half of Smith Barney to Morgan Stanley; and he shrank his bank’s $827 billion in mortgage-related and other unwanted assets by nearly $500 billion after sequestering them in a separate entity called Citi Holdings.