Amazon Bets $150 Billion on Data Centers Required for AI Boom
Spending spree is a show of force as the company looks to retain cloud computing edge over Microsoft and Google.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Spending spree is a show of force as the company looks to retain cloud computing edge over Microsoft and Google.
China’s largest state owned bank posted scant gains in earnings for last year as margins weakened.
The European Central Bank will allow Greek banks to make their first shareholder payouts in over a decade as the country emerges from a painful post-crisis restructuring.
China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loans creep up.
Embattled German landlord Adler Group SA has asked its bondholders for permission to sell an unfinished apartment development at a 47% discount to its 2022 valuation, as the company races to repay its vast debt load.
Feb 22, 2019
Bloomberg News
,(Bloomberg) -- John Havens, Citigroup Inc.’s former president and chief operating officer, has been caught up in the same prostitution bust that has also ensnared New England Patriots owner Bob Kraft.
The names of Havens and Kraft were on a list of 25 men being charged for soliciting prostitution in a probe that spans multiple agencies, according to the police department in the city of Jupiter. Police cited video evidence from inside the Orchids of Asia massage parlor, and a broader investigation throughout the state has seen other charges brought.
“I have no idea what you are talking about,” a man who answered a listed phone number for Havens said when reached by phone. He then hung up and additional calls weren’t answered.
The entry on the list released by police matches Havens’ middle initial and date of birth. Havens has a home in Florida near Jupiter.
Havens, 62, took over as Citigroup’s president in 2011 after leading the bank’s investment banking and trading arm. Havens rose through the ranks in a two-decade career at Morgan Stanley, where he worked closely with Vikram Pandit. The pair started the hedge fund Old Lane Partners LP and then joined Citigroup when it bought the fund in 2007, with Pandit rising to chief executive officer of the bank shortly after.
Pandit and Havens navigated Citigroup through the 2008 financial crisis, which it survived with the help of a $45 billion U.S. bailout. Havens resigned from Citigroup on the same day Pandit quit in 2012 under pressure from the bank’s board. Since then, Havens has served as chairman of Citigroup’s former hedge-fund arm, Napier Park Global Capital, and joined the board of advisers of Money360, a commercial real estate lender.
--With assistance from Jonathan Levin.
To contact the reporters on this story: Matt Townsend in New York at mtownsend9@bloomberg.net;Jenny Surane in New York at jsurane4@bloomberg.net;Michelle Kim in New York at mkim651@bloomberg.net
To contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Daniel Taub
©2019 Bloomberg L.P.