Stories related to: Robert Rubin

Ex-Fed chief Alan Greenspan and other high-profile economic bigwigs should take the lead in deciding whether the government should buy homes affected by the housing crisis, Hillary Clinton says. "As it has in the past, this kind of temporary measure by the government could give our economy the boost it needs and families the help they need," the candidate said today in Philadelphia. More »

Citigroup today named Vikram Pandit its new CEO. The current head of private-equity and hedge-fund investments will be charged with leading the bank's recovery from staggering losses in the subprime collapse and a 38% drop in its share price this year. The ex-Morgan Stanley president joined Citigroup in April; he replaces Charles Prince, forced out last month. More »

Citigroup CEO and Chairman Charles Prince resigned today, clearing the way for former US Treasury Secretary Robert Rubin to be named chairman, the Wall Street Journal reports. Sir Win Bischoff was named interim chief executive. Citigroup also plans to report $8-$11 billion in mortgage-related writedowns, on top of the $2.2 billion in third-quarter losses that helped sink Prince's leadership. More »

Growing pressure on Citigroup Inc. is prompting CEO Charles Prince to end his four-year rein this weekend. Bleak third-quarter earnings and an SEC probe of Citigroup's accounts have amped up existing frustration at the financial services company. Prince has "stepped up and done the right thing without forcing the board to act," once source told the Wall Street Journal . More »