Search Results for: Citigroup Inc
Citigroup Says Court Order Will Let It Pay Argentine Bond Interest
March 23rd, 2015
There is a new twist in the fight between Argentina and a group of hedge funds that has been playing out in New York courts. A United States federal court has allowed Citigroup to make interest payments to investors holding $2.3 billion of ...
Citigroup, Barclays Close to Settling Forex Lawsuit With Private Investors
March 18th, 2015
Citigroup Inc. and Barclays PLC are expected to pay as much as $800 million combined to settle a lawsuit with investors who say the banks manipulated foreign-exchange rates, according to people close to the situation. The expected settlements would ...
Citigroup announced an agreement
March 3rd, 2015
Citigroup today announced that: It has reached a definitive agreement to sell OneMain Financial Holdings, Inc. to Springleaf Holdings (NYSE: LEAF) for a purchase price of $4.25 billion. The deal is expected to close in the third quarter of ...
Citigroup unit probed by more authorities over money laundering
February 26th, 2015
Citigroup Inc (C.N) said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit. (Read more: International and regional bodies that combat money laundering ) The Financial Crimes Enforcement Network, a unit of ...
U.S. judge says Citigroup can process Argentina’s next bond payment
November 11th, 2014
A U.S. judge ruled on Monday that Citigroup Inc could process an $85 million interest payment by Argentina on bonds issued under its local laws following its 2002 default. U.S. District Judge Thomas Griesa in New York said Citigroup could process the Dec. 31 payment ...
Citigroup sets aside $600 million more to cover legal costs
October 31st, 2014
Citigroup Inc (C.N) said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to “rapidly evolving regulatory inquiries,” while also disclosing that it was subject to foreign exchange market probes. Citigroup ...
Citigroup’s $600M about-face
October 31st, 2014
Citigroup restated its previously released third-quarter profit report by $600 million Citigroup stunned investors late Thursday when it cut its third-quarter earnings by $600 million, blaming an increase in allowances for legal expenses. The global banking giant said the ...
Citigroup facing restrictions on sales of hedge fund investments
August 22nd, 2014
Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall Street Journal reported. The ...
Citigroup considers sale of Japan retail unit
August 20th, 2014
Citigroup Inc is considering the sale of its Japanese retail unit and has approached about 10 banks, according to a source, as the U.S. banking company struggles to turn around its Japanese operations. Citigroup’s move came as Japan’s banking ...
Judge Rakoff Says 2011 S.E.C. Deal With Citigroup Can Close
August 6th, 2014
The settlement that just wouldn’t settle — Citigroup’s 2011 deal with the Securities and Exchange Commission — has finally cleared its last hurdle. Judge Jed S. Rakoff of Federal District Court in Manhattan, who initially rejected the $285 million ...
