Posted by Reuters: Business News on January 17, 2012
(Reuters) – The European debt crisis interrupted the plans of Citigroup Inc Chief Executive Vikram Pandit to rebuild the bank, which reported an 11 percent drop in quarterly profit and disappointed Wall Street amid lackluster investment banking and trading business.
Posted by Reuters: Business News on
(Reuters) – Citigroup Inc fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets, hurting trading revenue and discouraging clients from doing deals.
Posted by Reuters: Business News on
(Reuters) – Citigroup Inc fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets trading and discouraged clients from doing deals.
Posted by Reuters: Business News on January 11, 2012
NEW YORK (Reuters) – The New York state’s financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.
Posted by Reuters: Business News on December 7, 2011
NEW YORK (Reuters) – Citigroup Inc is cutting 4,500 jobs worldwide, Chief Executive Vikram Pandit said on Tuesday, becoming the latest large bank to trim staff.
Posted by Reuters: Business News on November 28, 2011
NEW YORK (Reuters) – A federal judge angrily blocked Citigroup Inc’s proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.
Posted by Reuters: Business News on
NEW YORK (Reuters) – A judge on Monday rejected a proposed $285 million settlement between Citigroup Inc and the top U.S. market regulator over the sale of toxic mortgage debt and ordered a trial.
Posted by Reuters: Business News on October 19, 2011
(Reuters) – Citigroup Inc will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the U.S. Securities and Exchange Commission said on Wednesday.
Posted by Reuters: Business News on
(Reuters) – Citigroup Inc will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the U.S. Securities and Exchange Commission said on Wednesday.
Posted by Reuters: Business News on October 17, 2011
(Reuters) – Citigroup Inc reported higher quarterly earnings, helped by an accounting gain, but warned that developed markets could face weak growth for years, and the bank’s shares fell.
