Money & Markets – Week of 07.13.14

Citigroup Settles Mortgage Inquiry for $7 Billion
The New York Times | 14 July 2014
The $7 billion deal that Citigroup agreed to strike with the Justice Department…

Executive Pay ‘180 Times Average’, Report Finds
BBC News | 13 July 2014
Executive pay has grown from 60 times that of the average worker to almost 180 times since the 1990s, according to a report…

Step Inside CYNK, The Company That’s Worth $5 Billion But Has No Revenues, Assets, Or Full-Time Employees
Yahoo! Finance | 12 July 2014
Yesterday we wrote about the strange case of CYNK Technology…

Survey: Growth Forecast Lowered to 3 Percent for the Second Quarter
The Hill | 11 July 2014
Business economists have lowered their estimates for economic growth in the second quarter following news…

Got ’em, Gotham
The Economist | 12 July 2014
The company-accounts detectives collar another suspect…

Traders Flood U.S. With $3.4 Trillion of Bond-Auction Demand
Bloomberg | 14 July 2014
The intensifying debate over when the Federal Reserve raises interest rates is little more than a sideshow when it comes to the ability of the U.S. to borrow…