There are lots of reports, attention, and even movies record this famous financial issue. In the movie “Margin Call”, John Tuld (very similar with Richard Fuld, who was the CEO of the Lehman Brother) said, the toxic aspect of its asset make it dangerous enough to death, and will be transferred easy relatively.
2000 is the 150 anniversary of Lehman Brother. The World Trade Center Office of Lehman Brother destroyed in 2001 “9.11”, and move to Manhattan 2002. During 2002, Lehman Brothers build it Wealth ans Asset management department and acquire Lincoln Capital management’s fixed income business. During 2003, Lehman Brother buy Neuberger Berman and The Crossroads Group. And until 2007, Lehman Brothers get the high net income last 4 years long, …show more content…
Firstly I find the Citi timeline from 2002-2014. It is worth to mention that The World Trade Center Office of Citigroup destroyed in 2001 “9.11”.During 2002, Citigroup gave suggestions to IBM to buy PWC Consulting. Cause of collapse of the Internet-stock bubble, from 2002-2005 the American, Japan government and Prices Charles increase the supervisor on Citigroup. During 2004 Citigroup Focus on the Social responsibility, Build of the brand, and sustainability of the global environment. During 2005, Citigroup established Micro Finance Institutions(MFI). During 2006 integration of emerging markets. Travelers Group's merger with Citicorp (Citigroup, 2007). Focus on the Social responsibility. During 2007, Conduct business with native American, provide donate and technique support. Air Asia X was launched in 2007 with the financing from Citigroup. Donate earthquake in Peru. Citigroup co-guarantee＄66.5 non-recourse debt for Tata Steel to the takeover of Corus Group PLC. During 2008, promote inclusiveness of finance. As Citi's CEO Vikram Pandit put it, "Part of the mission of any financial institution should be to promote financial inclusion. The social and economic benefits of reaching the unbanked are enormous: greater financial security and economic opportunity for low-income people and expanding markets and prosperity for the entire world." During 2009, Citigroup served as the
2000 is the 150 anniversary of Lehman Brother. The World Trade Center Office of Lehman Brother destroyed in 2001 “9.11”, and move to Manhattan 2002. During 2002, Lehman Brothers build it Wealth ans Asset management department and acquire Lincoln Capital management’s fixed income business. During 2003, Lehman Brother buy Neuberger Berman and The Crossroads Group. And until 2007, Lehman Brothers get the high net income last 4 years long, …show more content…
Firstly I find the Citi timeline from 2002-2014. It is worth to mention that The World Trade Center Office of Citigroup destroyed in 2001 “9.11”.During 2002, Citigroup gave suggestions to IBM to buy PWC Consulting. Cause of collapse of the Internet-stock bubble, from 2002-2005 the American, Japan government and Prices Charles increase the supervisor on Citigroup. During 2004 Citigroup Focus on the Social responsibility, Build of the brand, and sustainability of the global environment. During 2005, Citigroup established Micro Finance Institutions(MFI). During 2006 integration of emerging markets. Travelers Group's merger with Citicorp (Citigroup, 2007). Focus on the Social responsibility. During 2007, Conduct business with native American, provide donate and technique support. Air Asia X was launched in 2007 with the financing from Citigroup. Donate earthquake in Peru. Citigroup co-guarantee＄66.5 non-recourse debt for Tata Steel to the takeover of Corus Group PLC. During 2008, promote inclusiveness of finance. As Citi's CEO Vikram Pandit put it, "Part of the mission of any financial institution should be to promote financial inclusion. The social and economic benefits of reaching the unbanked are enormous: greater financial security and economic opportunity for low-income people and expanding markets and prosperity for the entire world." During 2009, Citigroup served as the