Citigroup Preparing for $2.7 Billion Legal Fee Bill
Summary: Citigroup released a report on its fourth-quarter Tuesday, citing a $2.7 billion legal bill it faces. On Tuesday, Citigroup provided…
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Judge Rakoff Approves Citigroup Deal with SEC But with Terse Comments
This week, Judge Rakoff of the U.S. District Court in Manhattan finally approved SEC’s $285 million deal with the Citigroup…
Citigroup Announces Settlement with U.S. Government
It was announced on Monday that Citigroup Inc has agreed to pay $7 billion to settle the United States investigation…
Citigroup Close to Settling U.S. Investigation
In order to resolve a probe by the United States government, Citigroup Inc is close to paying $7 billion, according…
SEC-Citigroup Settlement Deal Originally Rejected is Overturned by Appeals Court
A judge’s decision was overturned on Wednesday by a federal appeals court in the federal settlement deal with Citigroup, according…
Citigroup Inc. Cuts Approximately 300 Jobs
The third-largest U.S. bank, Citigroup Inc., has reportedly cut 200 to 300 jobs in its division handling stock and bond…
Citigroup Agrees to Settlement Worth $730 Million
It was announced on Tuesday that Citigroup Inc will pay $730 million to settle a class action lawsuit filed on…
Vikram Pandit Resigns from Citigroup
On Tuesday morning it was announced that Vikram Pandit resigned from his post as CEO of Citigroup. Pandit will be…
Citigroup Changing Home Equity Lending Practices as Part of Settlement
On Friday, Citigroup filed papers with the U.S. District Court in San Francisco over a settlement to a nationwide litigation…
Citigroup Agrees to Pay $590 Million to Settle Lawsuit over CDOs
On Wednesday, U.S. District Judge Sidney Stein in Manhattan granted preliminary approval of a settlement between Citigroup and its shareholders…
Fund Fee Lawsuit against Citigroup and Smith Barney Dismissed
On Wednesday, U.S. District Judge William Pauley dismissed all claims against Citigroup and the former Smith Barney Fund Management LLC,…
Citigroup Directors and CEO Sued for Compensation Packages
Vikram Pandit, the Chief Execuive for Citigroup Inc, along with the bank’s directors, have been sued for awarding outsized compensation…