Search Results for: Citigroup
Goldman Sachs profits plunge while Citigroup prospers
October 16th, 2015
US banking giant Goldman Sachs has reported a sharp fall in profits as trading activity slowed owing to concerns about global economic growth. Net profits for the three months to 30 September were $1.43bn (£927m), down more than a third ...
SEC Charges Citigroup and agreed to pay $15 million
August 20th, 2015
SEC Charges Citigroup Global Markets for Compliance and Surveillance Failures The Securities and Exchange Commission announced that Citigroup Global Markets has agreed to settle charges that it failed to enforce policies and procedures to prevent and detect securities transactions ...
Citigroup Affiliates to Pay $180 Million to Settle Hedge Fund Fraud Charges
August 18th, 2015
The Securities and Exchange Commission announced that two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond ...
Citigroup’s ‘Bad Bank’ Isn’t So Bad Anymore
August 13th, 2015
Citi Holdings, the ‘bad bank’ Citigroup created to dispose of unwanted assets, has become a surprise success story Citi Holdings was born to be bad. But it is getting better with age. The “bad-bank” unit of Citigroup Inc., Citi Holdings for more ...
Citigroup Hires Ex-Deutsche Bank Prime Services Duo in London
August 12th, 2015
Citigroup Inc.C -1.91% has hired two former London-based Deutsche Bank AGDBK.XE -1.53% managers for its European client-services businesses, as the U.S. bank aims to attract more hedge funds as clients in stock-trading and other areas, according to an internal memo sent to employees on Tuesday. Citigroup ...
Citigroup’s Sale of OneMain to Springleaf Hits Antitrust Obstacle
August 7th, 2015
Springleaf agreed in March to buy OneMain from Citigroup U.S. antitrust authorities have thrown a wrench into Citigroup Inc.’s plan to divest its subprime lending unit. Five months ago, Citigroup said it would sell the business, known as OneMain Financial, to Springleaf ...
FCA warning against unauthorised firm: Citigroup Investment
July 24th, 2015
FCA has issued a press release to inform that the below firm has been providing financial services or products in the UK without its authorisation. Almost all firms and individuals offering, promoting or selling financial services or products in the ...
Citigroup: Here’s Our Five-Step Plan to Solve the Greek Crisis
July 8th, 2015
For six years the Greek crisis has unfolded in a predictable pattern: Greece needs money. Euro area leaders don’t want to give it to them without imposing tough conditions. Brinkmanship ensues, followed by some sort of ineffectual compromise. And repeat. According ...
Citigroup, HSBC Among Banks Named in Brazil Currency Probe
July 3rd, 2015
Citigroup Inc., Morgan Stanley, HSBC Holdings Plc and 12 other banks are being investigated for currency manipulation by Brazil’s antitrust agency after similar probes in the U.S. and Europe led to penalties of more than $10 billion. Cade, as ...
Citigroup combines retail banking and mortgage operations
June 26th, 2015
Citigroup Inc (C.N) will combine its retail banking and mortgage operations under Jonathan Larsen, according to an internal memo seen by Reuters, in the second senior promotion for a veteran of the bank’s Asian franchise this year. The U.S. ...
