S&P head resigns, Citibank exec to step in

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MarkM's picture
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Posts: 861
S&P head resigns, Citibank exec to step in

"On Monday, S&P owner McGraw-Hill announced Sharma's decision to "pursue other opportunities" amid reports that the Justice Department is investigating S&P regarding its rating for various mortgage securities leading up to the financial crisis, but claims Sharma's resignation has no relation to the matter, according to the Financial Times.

Citibank chief operating officer Douglas Peterson will replace Sharma next month as Sharma continues with S&P in an advisory role until the end of the year."



docmims's picture
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Joined: Jun 17 2009
Posts: 644
Yep. don't anger the FED by

Yep. don't anger the FED by telling the truth.

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