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 ... Read More
Over the summer, as the U.S. stock market wobbled and then plunged 4 percent in a day, Citigroup made a tough choice: to dial down risk-taking in the bank’s ... Read More
Court hears brokers helped convicted trader Tom Hayes rig interest rate benchmarks for financial gain Six former brokers with nicknames including “Lord Libor” and “Big Nose” helped convicted bank ... Read More
Six lawsuits filed in London by FX traders emerged last month Banks also faced employee suits after Libor scandal lay-offs As banks try to clean up trading floors beset ... Read More
Citigroup sent details of its central bank customers’ trading activity to another client and handed out details of its foreign exchange order book to customers in electronic chatrooms, a ... Read More
A former Citigroup foreign exchange trader claiming unfair dismissal after a currency rigging scandal told a London court on Tuesday that the activities for which he was fired were ... Read More
A former Citigroup foreign exchange trader is to challenge his dismissal at a London court on Tuesday, potentially the first of many such cases in the wake of the ... Read More
Citigroup Inc (C.N) agreed to sell its consumer banking business in Hungary to Austria’s Erste Group Bank AG (ERST.VI) as the third-biggest U.S. bank by assets continues to divest ... Read More
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 ... Read More
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 ... Read More
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