Publications. 24/7 Wall St. Calculated Risk. Wall Street: Inside the Collapse - 60 Minutes. If you had to pick someone to write the autopsy report on the Wall Street financial collapse 18 months ago, you couldn't do any better than Michael Lewis. He is one of the country's preeminent non-fiction writers with a knack for turning complicated, mind numbing material into fascinating yarns. He wrote his first bestseller, "Liar's Poker," about his experiences as a young Wall Street bond trader when he was still in his 20s and has since followed up with seven more bestsellers on subjects ranging from Silicon Valley in "The New New Thing" to big time sports in "Money Ball" and "The Blind Side.
" His new book, called "The Big Short: Inside the Doomsday Machine," comes out later this week and it explains how some of Wall Street's finest minds managed to destroy $1.75 trillion of wealth in the subprime mortgage markets. "60 Minutes" and correspondent Steve Kroft spent two days debriefing Lewis at his home in California. Lewis estimates he has sold "some millions" of books. Institutional Investor -- Global finance market news, analysis a.
Citigroup (C) Business Overview Citigroup operates four business segments in four regions. The four regions include North America (including US, Canada, and Puerto Rico), EMEA (Europe, Middle East & Africa), Latin America (including Mexico, and Asia (including Japan) Consumer Banking (25% of 2009 Net Revenue) Institutional Clients Group (-12% of 2009 Net Revenue) This unit, also referred to as corporate and investment banking, offers financial advice to companies interested in raising capital or involved in mergers and acquisitions and provides clients with cash management and treasury services, such as streamlining multiple asset classes under one processing system.
Error creating thumbnail Operating Leverage has fallen as the income statement continue to be diversified Global Wealth Management (34% of 2009 Net Income) This unit provides high-net worth individuals and institutions with trust maintenance and advisory services in over 30 countries. Global Cards (11% of 2009 Net Revenue) Trends & Forces.