California Attorney General Jerry Brown is suing eight current and former city executives from the town of Bell over ridiculously the absurdly inflated salaries they paid themselves, which they financed by overcharging Bell res…
Citigroup (C) plans to sell its student-lending unit Student Loan Corp. to a consortium including Sallie Mae as early as today, The New York Post reported.
Citigroup owns 80% of the company, with another 20% being publicly traded. It is the country’s second-largest student lender, after Sallie Mae.
The deal could see Sallie Mae and another company offer as much as $600 million to…
Continue reading Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium
Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium originally appeared on DailyFinance on Fri, 17 Sep 2010 08:45:00.
Filed Under: Company News, Economy, Investing, Citigroup, Taxes, Credit
The White House fought back against criticisms of the $814 billion stimulus plan, with a new report that highlights job-creating projects including bridges, roads and cancer research.
Vice President Joe Biden is releasing a report Friday called “100 …
Harvard Law professor Elizabeth Warren announced early Friday that she had accepted an advisory role with the newly created U.S. consumer protection agency. The move comes despite fierce opposition from the financial industry.
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The U.S. Senate passed a bill Thursday designed to spur small-business lending by providing financial incentives to banks that make loans to smaller companies, marking a victory of sorts for an Obama administration attempting t…