Posts Tagged “Citigroup”

A Guide to Citigroup’s Troubles with the Feds

by Wall Street Job Report on April 4, 2014

On Wednesday night, The New York Times reported that the FBI and U.S. attorneys in New York City opened an investigation into Citigroup’s practices in Mexico, where there’s been an apparent $400 million fraud involving an oil company. This is not Citigroup’s only (…)

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Citigroup share buyback and dividend plan rejected by Fed

by Wall Street Job Report on March 27, 2014

The US Federal Reserve has rejected plans by Citigroup to buy back shares and boost dividends for shareholders. It cited deficiencies in the bank’s ability to plan for how stressful situations would hurt its business. It is a setback for (…)

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Citigroup Joins JPMorgan in Seeing Trading-Revenue Drop

by Wall Street Job Report on March 4, 2014

Citigroup Inc. (C) and JPMorgan Chase & Co. (JPM) are bracing investors for a fourth straight drop in first-quarter trading, a period of the year when the largest investment banks typically earn the most from that business. Citigroup finance chief John Gerspach said yesterday his (…)

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Quiet Boss at Citigroup Setting Tone for Wall Street

by admin on December 2, 2013

Michael L. Corbat, head of one of the biggest banks in the world, recently strolled through Marea, the Central Park South restaurant where Manhattan’s elite go to be seen. No one in the crowded room even looked up. A top (…)

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Citigroup to pay Freddie Mac $395 million on suspect mortgages

by admin on September 26, 2013

(Reuters) – Citigroup Inc on Wednesday said it agreed to pay $395 million to Freddie Mac to resolve claims of potential flaws in roughly 3.7 million mortgages it sold to the housing finance company from 2000 to 2012. Citigroup, the third-largest U.S. (…)

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