Items Tagged with 'The Carlyle Group'


  • Citi Shuffles Executives in Restructuring Efforts

    Citigroup Inc. [stock C][/stock] announced Friday it will move Gary Crittenden from the role  of chief financial officer of Citi to chairman of Citi Holdings, the branch the bank plans to split off from its core business. In the new role, Crittenden will work to "optimize the value of the businesses" of the unit, which represents a significant portion of Citi's assets, bank officials said in a media statement.
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  • Wilbur Ross’ Plan: Build a Better Bank

    (Update 1) Distressed asset investor Wilbur Ross, of WL Ross & Co., wants to be a banker. But buying troubled banks like Florida’s BankUnited Financial Corp. [stock BKUNA][/stock] just doesn’t really fit his ‘good bank’ plan.
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  • "Enormous Losses" Loom, Carlyle's Rubenstein Says

    The financial impact of the mortgage and credit crisis is far from over, according to the chairman of The Carlyle Group, one of the world's largest private equity firms. In remarks made at a breakfast meeting of the Institute for Education Public Policy Roundtable in Washington Tuesday, Carlyle chairman David Rubenstein said that "enormous losses" yet lie ahead for many of the worlds largest banks and financial institutions.
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