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citigroup Inc

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Banks Finalize $1.86 Billion Credit-Swaps Settlement

02/10/2015(0)
Suit claimed banks conspired to prevent competition Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives ... Read More
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Citibank Seen as Target for Plea in U.S. Currency Case

03/04/2015(0)
The U.S. Department of Justice is pressing for Citigroup Inc.’s main banking subsidiary to plead guilty to a felony tied to the rigging of foreign-exchange markets, according to two ... Read More
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Russia Deposit Fight Sees Foreign Banks Seeking New Clients

19/03/2015(0)
Oksana Semenikhina, a customer of Citigroup Inc.’s Russian unit for the past decade, got an offer from the lender this year that she couldn’t pass up. “They offered to ... Read More
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Citi Sees Gold as Bitcoin Says Swiss Vote Makes No Sense

27/11/2014(0)
The initiative requiring the Swiss National Bank to hold a fixed portion of its assets in gold makes no sense, according to Citigroup Inc., which said the metal was the equivalent ... Read More
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U.S. judge says Citigroup can process Argentina’s next bond payment

11/11/2014(0)
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 ... Read More
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Forex-Rigging Fines Could Hit $41 Billion Globally: Citi

21/10/2014(0)
The cost for banks to settle probes into allegations traders rigged foreign-exchange benchmarks could hit as much as $41 billion, Citigroup Inc. (C) analysts said. Deutsche Bank AG (DBK) ... Read More
Citibank logo is seen at the facade of a Citibank building in New York

Citi pulls out of consumer banking in 11 countries, profit jumps

15/10/2014(0)
Citigroup Inc said it is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut ... Read More
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Citi to pay $217,841 to settle OFAC violation liabilities

04/09/2014(0)
Citigroup Inc (C.N) has agreed to remit $217,841 to settle potential civil liability for apparently violating multiple sanctions programs of the Office of Foreign Assets Control (OFAC), the U.S. ... Read More
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Citi to pay allowance to compensate for limited bonuses

01/09/2014(0)
Citigroup Inc (C.N) has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that ... Read More
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Citigroup considers sale of Japan retail unit

20/08/2014(0)
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 ... Read More
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