Monday, December 14, 2009

plus 4, Three CEOs Miss Meeting With President - CBS News

plus 4, Three CEOs Miss Meeting With President - CBS News


Three CEOs Miss Meeting With President - CBS News

Posted: 14 Dec 2009 08:46 AM PST

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fivefilters.org featured article: Normalising the crime of the century by John Pilger



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Not losing is new winning as Wall Street dilutes proposed laws - Daily Business Review

Posted: 14 Dec 2009 08:39 AM PST

fivefilters.org featured article: Normalising the crime of the century by John Pilger



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Obama Meeting With Banking Leaders, Some Unable To Attend Due To ... - RTT News

Posted: 14 Dec 2009 08:17 AM PST

12/14/2009 11:23 AM ET (RTTNews) -  While President Barack Obama is meeting with leaders of the financial services industry at the White House on Monday, the heads of some of the biggest banks will be unable to attend the meeting due to inclement weather.

The White House released a statement saying that Lloyd Blankfein, Chairman and CEO of Goldman Sachs (GS), John Mack, Chairman and CEO of Morgan Stanley (MS), and Dick Parsons, Chairman of Citigroup (C), will be not able to attend but will be connected to the meeting via conference call.

Nonetheless, a number of industry leaders are meeting the president at the White house, including Ken Lewis, President and CEO of Bank of America (BAC), Jamie Dimon, Chairman and CEO of JP Morgan Chase (JPM), and Ken Chenault, President and CEO of American Express (AXP).

The White House said that Obama intends to talk to the leaders about the economic recovery, small business lending, improving lending practices for homeowners and the Administration's plans for financial reform.

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com


fivefilters.org featured article: Normalising the crime of the century by John Pilger



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Companies News - Burlington Free Press

Posted: 14 Dec 2009 08:10 AM PST

Allpoint Network, a Cardtronics Inc. affiliate and the operator of the nation's largest surcharge-free ATM network, announced the signing of Merchants Bank in Vermont, a $1.4 billion asset bank with 34 full-service locations. Merchants offers 35,000 surcharge-free ATMs nationwide at leading retailers such as 7-Eleven, Target and CVS Pharmacy through the Allpoint Network.

Bread Loaf Corp. recently presented Darcy Tarte, financial services manager for Chittenden's newest branch in Middlebury, with a plaque acknowledging the project's recent LEED Certification. The Middlebury Chittenden Bank, designed and constructed by Bread Loaf, is the first financial services building in the state of Vermont to receive LEED certification, and the second building in Addison County to be LEED Certified.

Dealer.com announced that it has been honored by the Vermont Governor's Council on Physical Fitness and Sports for its worksite wellness program. Dealer.com received a Gold Award from Gov. Jim Douglas for its workplace wellness efforts, which include staff access to physical fitness activities and promotion of good health practices on and off the job.

fivefilters.org featured article: Normalising the crime of the century by John Pilger



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Citi Awarded Contract to Provide Calamos with Investment ... - Stockhouse

Posted: 14 Dec 2009 08:39 AM PST

Mandate Includes Middle Office Services for Calamos' Institutional Portfolios and Separately Managed Accounts

NEW YORK, Dec 14, 2009 (BUSINESS WIRE) --

Citi today announced that it has been awarded a mandate from Calamos Investments (NASDAQ: CLMS), a global investment management firm with $30.5 billion assets under management, to deliver a comprehensive suite of investment administration services. The mandate includes trade processing, portfolio accounting and reconciliation, performance measurement, collateral management and voluntary corporate action services for its institutional portfolios, funds and separately managed accounts.

"In our decision to select Citi, we were impressed by their expertise in investment operations as well as their modern, best-in-class technology," said Nimish Bhatt, Senior Vice President and Director of Operations of Calamos Investments. "Citi is unique in its ability to support both our retail and institutional lines of business. Their integrated offering ensures data consistency and adds scalability to our investment management and investor servicing activities, helping to ensure that our clients experience our commitment to quality." Barrington Partners, based in Boston, assisted Calamos in the due diligence and selection process.

Neeraj Sahai, Global Head of Citi's Securities and Fund Services, said, "We are pleased to have been selected by Calamos Investments after its rigorous and thorough evaluation of servicing options. A leading provider of a growing range of risk-managed strategies, Calamos is known for its service excellence. Their selection of Citi is an endorsement of our flexible and modular investment administration architecture to provide the highest levels of support for their investment products."

Through its Securities and Fund Services business, Citi provides institutions worldwide -- investors, intermediaries and issuers -- with an unparalleled portfolio of offerings that enable them to grow, reduce cost and mitigate risk. With over $11 trillion of assets under custody and the industry's largest proprietary network, clients can also leverage Citi's strength in capital markets to extract value across the entire investment value chain.

Global Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the third quarter of 2009, it held on average $314 billion in liability balances and $11.8 trillion in assets under custody.

About Calamos

Calamos Investments is a globally diversified investment firm offering equity, fixed-income, convertible and alternative investment strategies, among others. The firm serves institutions and individuals around the world via separately managed accounts and a family of open-end and closed-end funds, providing a risk-managed approach to capital appreciation and income-producing strategies. Additional information may be found at www.calamos.com.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.

SOURCE: Citigroup Inc.

Citi - Media Relations Duncan Smith, 212-816-8024 duncan.smith@citi.com

Copyright Business Wire 2009

fivefilters.org featured article: Normalising the crime of the century by John Pilger



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