Charles E. Mitchell

Charles Edwin Mitchell (October 6, 1877 – December 14, 1955) was an American banker whose incautious securities policies facilitated the speculation which led to the Crash of 1929.

[citation needed] Nicknamed "Sunshine Charley", Mitchell was elected president of National City Bank (now Citibank) in 1921 and, in 1929, was appointed chairman.

Charges were brought following testimony by Mitchell in which he openly stated that he had sold his stake in National City Bank to avoid paying taxes.

In 1933, the U.S. Senate's Pecora Commission investigated Mitchell as its first witness for his part in tens of millions of dollars in losses, excessive pay, and tax avoidance.

"[3] Mitchell's townhouse on Fifth Avenue, built for him by Walker & Gillette in 1926, with a rusticated facade in the manner of a 16th-century Roman palazzo, now houses the Consulate General of France, New York City.