Posts Tagged “Citigroup”

Citigroup Has $280 Million in Loans at Two China Ports

by Wall Street Job Report on July 21, 2014

Citigroup Inc. (C) Chief Financial Officer John Gerspach said the bank has about $280 million in loans tied to commodities at two ports in China, the nation where authorities are investigating whether stockpiled metals fall short of collateral obligations. Citigroup made the loans (…)

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Citigroup to Divest Spanish Consumer Banking Biz

by Wall Street Job Report on June 26, 2014

Citigroup Inc. (C), in an attempt to streamline its international operations, has announced the divestiture of one more foreign unit within 10 days of announcing a deal to sell its Greece consumer banking business. The company’s consumer banking business in Spain will (…)

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Falling Revenues Tighten the Top Ranks in FICC

by Wall Street Job Report on June 18, 2014

A bruising first quarter for fixed income, currencies and commodities units within the largest investment banks has shifted the top of the FICC league table, according to new research, with three banks tying for the top spot for the first (…)

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Mexico Authorizes Arrests in Fraud at Citigroup Unit

by Wall Street Job Report on June 2, 2014

The authorities in Mexico have issued arrest warrants for former executives of Citigroup’s Mexican subsidiary, Banamex, in an investigation of a $400 million fraud. Attorney General Jesús Murillo Karam of Mexico confirmed on Friday that the authorities were seeking the former executives. (…)

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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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