The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "Citigroup" ...
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"NetNet's Mortgage Repurchase Exposure Series"
This series seeks to elucidate the "history of hidden risk at financial institutions" and the frequent negative outcomes. The reports indicate that banks were "seeking to reassure shareholders and citizens alike that unknown risks were under control." Some of the stories in this series involve the rise and fall of Citigroup's mortgage program and a "Primer On The Foreclosure Crisis."
Tags: Citigroup; foreclosure; financial crisis; mortgage; SEC; Excel; database; repurchase
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"Unique Approaches to Uncover the Size and Growth of Executive Pay and Pensions"
While employees throughout the U.S. experienced pay cuts or were laid off, top executives were receiving millions of dollars in bonuses. Reporters Ellen Schultz and Tom McGinty dig deep to find out exactly how extreme those payouts have become.
Tags: payouts; bonuses; Bank of America; Wells Fargo; Citigroup; executive benefits
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Goldman Sachs: Low Road to High Finance
After the collapse of the financial market in the United States, there were many key components which played a large role in the devastation to many Americans. These key components mainly focus on major financial institutions, which played a large role in manipulating the mortgage and mortgage security markets. Furthermore, the institutions that should be keeping them honest, failed to do so.
Tags: Nation's financial sector; financial institutions; mortgage; market; American International Group (AIG); Federal Reserve Bank of New York; Moody's; Securities and Exchange Commission; Citigroup, Inc.; Bank of America Corp.
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Who's Behind the Financial Meltdown?
"Who's Behind the Financial Meltdown" explores lending practices of big banks leading up to the near collapse of the financial sector in 2007. Findings suggest large banks such as Lehman Brothers, Merrill Lynch, Citigroup and Goldman Sachs bankrolled about 72 percent of the industry's risky subprime lending while executives reaped record bonuses and collected billions in federal bailout money.
Tags: banking; financial; meltdown; collapse; bailout; bonuses; subprime; lending; loans; banks;
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The New Street Hustle
The series documented how mortgage fraud is taking place in Chicago's poorest communities, robbing vulnerable families of their homes and draining billions of dollars from the U.S. economy.
Tags: fraud; mortgage fraud; Cook County; gangs; Black Disciples; Associates First Capital Corp.; Citigroup; CitiFinancial; Home Mortgage Disclosure Act; FOIA
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Blood on the Street
Gasparino investigates the role of highly paid stock-market analysts in creating the stock market bubble of the 1990s that wiped out billions of dollars of wealth, much from average, middle-class American investors. He claims that analysts were being paid not to find, in an unbiased manner, suitable stocks for people to invest in, but rather to promote stocks of companies that were also clients of their firms.
Tags: stock analysts; stock market boom; invest; Citigroup; Merrill Lynch; Morgan Stanley
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Investment Conflict on Wall Street: "Wall Street's Dumping Ground" and "Bank Funds Draining Investors"
"Wall Street's five largest investment banks helped banking clients - and neglected investor interests - during the stock market boom and bust by loading up in-house mutual funds with shares of client companies that pay the banks millions in fees. Funds at Citigroup, Merrill Lynch, and three other banks held on to millions of shares of client companies during the 2000-2003 market slump, even though the value of the shares plummeted as much as 99 percent."
Tags: business; banking; investment; Securities and Exchange Commission; SEC; US Senate Banking Committee; Harvey Pitt
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Southern Exposure - "The New Loan Sharks"
This two issue series documents how market forces and regulatory inaction have fostered a pattern of impropriety and lawbreaking among major lenders. The first issue focused on how Citigroup has become the leader in "subprime loans" targeted at moderate-income and minority borrowers. The article is supplemented by a timeline, sidebars and maps and tells the story of people whose financial lives have been wrecked by Citigroup's practices. Then, SE conducts an investigation of the subprime autofinancing market, They find that questionable car sales tactics are institutionalized practices fueled by top-down market forces and the policies of GMAC, Nissan and other big players.
Tags: General Motors; Maria Flores; CitiFinancial; Stanford I. Weill; Sherry Roller
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The great CEO pay heist, This stuff is wrong, The amazing stock option sleight of hand
In this three-part series, Fortune examines whether the increasing CEOs' pay is justified, and how the trend affects the business world in general. Part one lists the highest-paid U.S. CEOs and points to six main elements of today's megapay machine. Part two features the opinions of several high-ranking CEOs and consultants, who exchanged their candor for anonymity granted by Fortune. The third part explains how the stock options received by CEOs work, and what is the cost to the corporations and their shareholders.
Tags: Citigroup; General Electric; Apple; Dell; stocks and bonds; investors; annual reports; disclosure; proxy statements; Larry Ellison; Jack Welch; Sandy Weill; Steve Jobs; compensation committees' code of silence; shareholders; Coca-Cola
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Payday Profiteers
A Multinational Monitor investigation exposes the practices of the so-called "predatory lending," targeted to low-income workers. Some major findings are that payday loans' interest can reach up to 2000 percent per year, and that they can be rolled over more than 13 times for a 6-month period. The article examines different anti-usury state laws that ban or restrict predatory lending. The investigative package includes also stories on high-interest mortgages, car title loans and costly rent-to-own scams.
Tags: mortgage; banks; finance; loans; credit; customers; rent-a-center; the Associates First Capital Corp.; Citigroup; National Home Equity Mortgage Association; lobbying; credit unions