Wall Street reporter for Bloomberg News, covering Citigroup and Wells Fargo. Tips welcome at dcampbell27[at]bloomberg[dot]net

Citigroup Subject of Investigation Over Student-Loan Servicing

bloomberg.com — Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Aug 03, 2015

somebody is investigating citigroup over student-loan servicing, @dakincampbell reports bloomberg.com/news/articles/…

Aug 03, 2015

Citigroup Subject of Investigation Over Student-Loan Servicing bloom.bg/1IA0M9U

Aug 03, 2015

Is servicing student loans really that complicated? Citigroup Under Investigation bloom.bg/1IA0M9U via @dakincampbell

Aug 03, 2015

RT @robinsonmatt: Is servicing student loans really that complicated? Citigroup Under Investigation bloom.bg/1IA0M9U via @dakincampbell

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Wells Fargo to Exit Loan Referral Deals With Builders, Agents

bloomberg.com — Wells Fargo & Co., the largest U.S. mortgage lender, is ending some marketing arrangements with real estate firms and home builders over concerns about regulatory scrutiny. The decision, effective Aug. 1, ends the practice of providing payments or services to agents and builders that refer home buyers to the San Francisco-based bank.

Wells Fargo to exit some mortgage marketing arrangements

charlotteobserver.com — Wells Fargo & Co., the largest U.S. home lender, said it is withdrawing from mortgage marketing services and some referral agreements with real estate firms and builders.

Fire Bank Leaders and Slash Pay to Fix Culture, G-30 Panel Says

bloomberg.com — Big banks must punish leaders and employees more severely for corporate misconduct and closely track hundreds of managers if the industry's culture is to improve, according to a group of influential regulators and financiers.

Citigroup’s Mexico Unit Faces Widening U.S. Laundering Probe

bloomberg.com — The U.S. Justice Department is investigating whether Citigroup Inc. let customers move illicit cash through its Mexico unit, setting the bank's biggest international operation in the path of an expanding money-laundering probe.
Jul 24, 2015

RT @business: Citigroup’s Mexico unit faces widening U.S. laundering probe bloom.bg/1RXMBG7

Jul 24, 2015

SCOOP: Citigroup’s Mexico Unit Faces Widening U.S. Laundering Probe bloom.bg/1RXMBG7 with @alanrkatz

Jul 24, 2015

Citigroup’s Mexico Unit Faces Widening U.S. Laundering Probe bloom.bg/1RXMBG7 via @alanrkatz @dakincampbell

Jul 24, 2015

EXCLUSIVE: U.S. Laundering Probe of Citigroup’s Banamex Goes Beyond USA Branches bloom.bg/1RXMBG7 via @business

Jul 24, 2015

EXCLUSIVA: Investigación anti-lavado a Banamex no se limita a unidad de EUA, fiscales siguen estrategia usada vs HSBC bloom.bg/1RXMBG7

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BofA’s CFO Change Rekindles Investor Concern Over Power Struggle

bloomberg.com — Bank of America Corp. investors expressed consternation Thursday over the surprise departure of a well-respected chief financial officer who saw the lender through years of legal battles and cost cuts. For many, Bruce Thompson was the main guide to the company, dominating public conference calls to discuss quarterly results and representing the bank at investor gatherings about as often as Chief Executive Officer Brian T.
Jul 24, 2015

RT @business: BofA investors have concerns about the surprise departure of a well-respected CFO bloom.bg/1Lzr56F

Jul 24, 2015

RT @business: BofA investors have concerns about the surprise departure of a well-respected CFO bloom.bg/1Lzr56F

Citigroup Japan Investment Banking Chief Jimbo Said to Leave

bloomberg.com — Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Citigroup to Close Banamex USA Unit, Pay $140 Million Fine

bloomberg.com — Citigroup Inc. will close its three-branch Banamex USA subsidiary after agreeing to pay $140 million to settle with U.S. and California regulators over deficiencies in its anti-money laundering program. Citigroup "has decided to wind down banking operations at BUSA, subject to a satisfactory liquidation plan," the New York-based lender said Wednesday in a statement.
Jul 22, 2015

Citigroup to Close Banamex USA Unit, Pay $140 Million Fine bloom.bg/1LDrhAg @dakincampbell #FDIC $C

Jul 22, 2015

Record bank fine from FDIC: Citigroup to Close Banamex USA Unit, Pay $140 Million Fine bloom.bg/1LDrhAg @dakincampbell $C

Jul 22, 2015

RT @jesseahamilton: Record bank fine from FDIC: Citigroup to Close Banamex USA Unit, Pay $140 Million Fine bloom.bg/1LDrhAg @dakincampbell $C

Jul 22, 2015

RT @jesseahamilton: Record bank fine from FDIC: Citigroup to Close Banamex USA Unit, Pay $140 Million Fine bloom.bg/1LDrhAg @dakincampbell $C

Citigroup Said to Plan Sale of Bonds Backed by Prosper Loans

bloomberg.com — Citigroup Inc. is preparing to bundle more than $300 million of loans originated through Prosper Marketplace Inc. into securities as Wall Street helps fuel the online-lending industry, people familiar with the deal said. Peer-to-peer, or marketplace, lenders once set out to bypass big banks by directly matching borrowers with individuals who wanted to fund them.
Jul 22, 2015

In other news, here's a securitization of Prosper loans that got an 'A' rating from Moody's. tinyurl.com/oseaqut

Jul 22, 2015

Citigroup taking `P2P' market to new place (ibank buys loans to securitize/sell, rather than asset manager investing) tinyurl.com/oseaqut

Jul 22, 2015

RT @JodyShenn: Citigroup taking `P2P' market to new place (ibank buys loans to securitize/sell, rather than asset manager investing) tinyurl.com/oseaqut

Jul 22, 2015

RT @JodyShenn: Citigroup taking `P2P' market to new place (ibank buys loans to securitize/sell, rather than asset manager investing) tinyurl.com/oseaqut

Jul 22, 2015

RT @tracyalloway: In other news, here's a securitization of Prosper loans that got an 'A' rating from Moody's. tinyurl.com/oseaqut

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Citigroup Bids Where Goldman Won’t Go to Win Big Trades

bloomberg.com — Gus Levy, who ran Goldman Sachs Group Inc. in the 1970s, used to stomp around the trading floor proclaiming that his bank wasn't relevant if it lost out on a block trade. Now, Levy's successors are more wary about chasing deals as they watch competitors make ever-more aggressive bids, including one trade where Citigroup Inc.
Jul 22, 2015

Last year, @dakincampbell and I wrote about competition heating up in the block business, raising the odds of this bloomberg.com/news/articles/…

More Articles →
Aug 04, 2015

This is such a fun story to read: Bill Gates Foiled by Georgia’s Powerful Vidalia Onion Regulators bloom.bg/1VYwEiD @NewkirkMargaret

Aug 04, 2015

Scott Walker should harness latest craze on Wall Street & refi his card debt w/a marketplace loan bit.ly/1Inm4bF @mattyglesias #p2p

Aug 03, 2015

Deutsche Bank Said to Be Probed by DOJ on Russia Mirror Trades bloom.bg/1JI4Mdt by @geigerwire @gregfarrel

Aug 03, 2015

RT @robinsonmatt: Is servicing student loans really that complicated? Citigroup Under Investigation bloom.bg/1IA0M9U via @dakincampbell



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