James Freeman is an American journalist specializing in economics, assistant editorial page editor at The Wall Street Journal , and author.
Freeman is a graduate of Yale College. After graduation, he served as investor advocate at the U.S. Securities and Exchange Commission. [1]
Freeman is co-author with Vern McKinley of Borrowed Time: Two Centuries of Booms, Busts and Bailouts at Citi, a 2018 history of Citigroup. [1] [2] [3] [4] [5] [6] The Financial Times describes it as a "rollicking" tale "of hubris, over-reach and outright catastrophe" which is especially "excellent" on "the US economy in the 19th century, and the extent to which it relied on cotton, an 'economy . . . built on America’s original sin, the monstrous institution of slavery'". [7]
He is also the co-author with Maria Bartiromo of a book titled The Cost: Trump, China, and American Renewal which was published by Simon & Schuster in October 2020. [8]
He is the son of Neal B. Freeman.
Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is incorporated in Delaware.
Citibank, N. A. is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami.
Robert Edward Rubin is an American retired banking executive, lawyer, and former government official. He served as the 70th United States Secretary of the Treasury during the Clinton administration. Before his government service, he spent 26 years at Goldman Sachs, eventually serving as a member of the board and co-chairman from 1990 to 1992.
Citibank Canada, operating as Citi Canada, is the Canadian subsidiary of the American multinational financial services corporation Citigroup. Citi Canada is headquartered in Toronto, Ontario, with offices in Calgary, London, Ontario, Montreal, Mississauga, and Vancouver.
Maria Sara Bartiromo is an American financial journalist, television personality, news anchor, and author. She is the host of Mornings with Maria and Maria Bartiromo's Wall Street on the Fox Business Network as well as Sunday Morning Futures With Maria Bartiromo on the Fox News Channel.
A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy.
Citibank Limited is a Citigroup subsidiary, which is a licensed bank incorporated in Hong Kong.
Citi Field is a baseball stadium located in Flushing Meadows–Corona Park in New York City, United States. It opened in 2009 and is the home field of Major League Baseball's New York Mets. The stadium was built as a replacement for the adjacent Shea Stadium, which opened in 1964.
Primerica, Inc. is a company that provides insurance, investment and financial services to middle income families in the United States and Canada.
"Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and therefore should be supported by government when they face potential failure. The colloquial term "too big to fail" was popularized by U.S. Congressman Stewart McKinney in a 1984 Congressional hearing, discussing the Federal Deposit Insurance Corporation's intervention with Continental Illinois. The term had previously been used occasionally in the press, and similar thinking had motivated earlier bank bailouts.
Vernon P. "Vern" McKinley, born in East Chicago, Indiana advises governments on financial sector policy and legal issues. He is a visiting scholar at the George Washington University Law School and the co-author with the Wall Street Journal's James Freeman of Borrowed Time: Two Centuries of Booms, Busts and Bailouts at Citi published by HarperCollins in 2018. He is also the author of Financing Failure: A Century of Bailouts, published by the Independent Institute in 2012. He was a primary election challenger to 28-year incumbent Congressman Frank Wolf in northern Virginia's 10th congressional district in the 2008 elections, the only one to ever challenge Wolf in a primary during his long tenure. McKinley lives with his family in Ashburn, Virginia and they have also lived in Kyiv and Yerevan.
Vikram Shankar Pandit is an Indian-American banker and investor who was the chief executive officer of Citigroup from December 2007 to 16 October 2012 and is the current chairman and chief executive officer of The Orogen Group.
On the Money, formerly The Wall Street Journal Report, is an American syndicated weekly television program airing on weekends, and on Sunday evenings on CNBC. The program is hosted by Becky Quick. Political, business, and economic figures are interviewed on the program; guests have included Henry Paulson and Colin Powell.
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George W. Bush. It was a component of the government's measures in 2009 to address the subprime mortgage crisis.
Citigroup Pty Ltd was the Australian subsidiary of Citigroup. The bank operated consumer banking services, including credit cards, savings and transaction accounts, loans, insurance, and self-managed superannuation funds (SMSF), as well as private, corporate and investment banking, and wealth management.
Citibank India is a foreign bank in India with a full service onshore platform. Its Indian headquarters is at Bandra Kurla Complex, Mumbai, Maharashtra. It is a subsidiary of Citigroup, a multinational financial services corporation headquartered in New York City, United States. Citibank India's services are investment banking, advisory and transaction services, capital markets, risk management, retail banking, and Cards. Although headquartered in Mumbai, the bank has most of its workforce based out of Chennai followed by Mumbai and Gurugram.
The 2007–2008 financial crisis, or Global Financial Crisis (GFC), was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929). Predatory lending targeting low-income homebuyers, excessive risk-taking by global financial institutions, and the bursting of the United States housing bubble culminated in a "perfect storm".
Jane Fraser is a British-American banking executive and the chief executive (CEO) of Citigroup, a position she has held since March 2021. Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004. In 2019, she was named president of Citigroup, and also CEO of Consumer Banking.
Proxymity is a digital investor communications platform that streamlines processes such as proxy voting and shareholder disclosure. It was developed and operated by Citigroup Inc in London before it spun out in 2020 to become its own company.