Citigroup Inc

Banks Finding Opportunity In Postal Service Woes

Reuters | Posted 03.29.2012

Read More: JPMorgan Chase, Checks, Video, U.S. Postal Service, Citigroup Inc, First Class Mail, Post Office, Revenue, Wells Fargo, Reuters, President Obama, Banks, Electronic Payments, Service Cuts, Aite Group, Bank of America Corp, Business News

* Banks see an opening in calls to end Saturday deliveries * Chance of slower mail argues for electronic payments * Bank...

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Big Banks To Pay Millions In Settlement With NY Over Mortgage Practices

Reuters | Posted 05.13.2012

Read More: JPMorgan Chase, Video, Mortgage Electronic Registration System, Citigroup Inc, New York State Attorney General Eric Schneiderman, Wells Fargo, Settlement, President Barack Obama, Reuters, Ally Financial, Mers, Foreclosure, Bank of America Corp, Business News

* JPM, BofA and Wells Fargo partially settle NY lawsuit * Citi, Ally Financial also part of $25 mln deal * Banks did not...

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Possible Cartel Behavior By UBS And Credit Suisse?

AP | Posted 02.03.2012

Read More: Interest Rates, Citigroup Inc., Rabobank Groep N.V., Derivatives, Royal Bank of Scotland Group PLC, Bank of Tokyo-Mitsubishi UFJ, Ubs, Video, Tokyo Interbank Offered Rate, London Interbank Offered Rate, Credit Suisse, Sumitomo Mitsui Banking Corporation, Swiss Competition Commission, Mizuho Financial Group Inc., Societe Generale SA, Deutsche Bank AG, JP Morgan Chase & Co., HSBC Holdings Plc, Business News

BERN, Switzerland -- The Swiss Competition Commission said Friday it has launched an investigation into possible cartel behavior by a dozen banks incl...

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At Citi, 'Disappointing And Unacceptable' Revenue May Mean More Layoffs

Reuters | Posted 03.26.2012

Read More: Layoffs, 2008 Financial Crisis, Video, Citigroup Inc, Securities, Revenue, Reuters, Chief Financial Officer John Gerspach, Hedge Fund, Euro Zone Crisis, Business News

Jan 25 (Reuters) - Citigroup Inc said it may make further cuts in its securities and banking unit in 2012 if revenue does not pick u...

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Big Bank Sees Profit Drop On Lower Investment Banking Income

AP | PALLAVI GOGOI | Posted 03.18.2012

Read More: Citigroup 4q Earnings 2011, Earnings, Citigroup CEO, Quarterly Earnings, Video, Citigroup Inc, Citigroup Earnings, Citigroup Earnings Drop, Business News, Corporate Earnings, Big-Bank-Earnings, Citigroup, Business News

NEW YORK — Citigroup has a world of problems. The bank is proud of its global reach – 1,400 branches in 46 countries. But in Asia, the ec...

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GE Ordered To Defend Lawsuit Alleging It Misled Investors During Crisis

Reuters | Posted 03.13.2012

Read More: General Electric, Debt, Stock Price, Citigroup Inc, Goldman Sachs Group Inc, Jeff Immelt, Berkshire Hathaway, Video, Morgan Stanley, Bailout, Reuters, Loans, Financial Crisis, JPMorgan Chase & Co, Bank of America Corp, Deutsche Bank AG, Ge, Business News

(Adds details from lawsuit, background, bylines) * GE accused of overstating health during financial crisis * Judge allo...

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Citi Selling Off Another Part Of Its Non-Core Business

AP | Posted 02.27.2012

Read More: Citigroup Stock, Citigroup Layoffs, Video, Citigroup Inc, Bank-News, Citibank, Business News, Citigroup Belgian Retail Banking, Citigroup Non Core Assets, Citigroup, Business News

NEW YORK — Citigroup Inc. is selling its Belgian consumer business to French bank Credit Mutuel Nord Europe as the New York bank continues to se...

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After AG Lawsuit, Lender To Stop Buying New Mortgages In Massachusetts

AP | By EILEEN AJ CONNELLY | Posted 12.02.2011

Read More: Citigroup Inc., Foreclosure Crisis, Video, Inc, Bank of America Corp., Mortgage Electronic Registration System, Foreclosure, JPMorgan Chase & Co., Wells Fargo & Co., Ally Financial Inc., General Motors Acceptance Corp., Gmac, Housing Crisis, Attorney General Martha Coakley, Housing Bubble, Business News

NEW YORK -- One day after it was among five major banks sued by Massachusetts over deceptive foreclosure practices, GMAC Mortgage said Friday that it ...

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Big Bank To Slash Thousands Of Jobs

Posted 11.16.2011

Read More: Layoffs, Bank of America Merrill Lynch, Economic Downturn, Video, Bank Layoffs, Unemployment, Citigroup Inc, Jobs, Chief Financial Officer John Gerspach, New York Stock Exchange, Business News

Citigroup Inc may cut "slightly more" than 3,000 jobs, becoming the latest U.S. bank to eliminate positions, a source familiar with the matter sai...

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Report: Officials Working With Banks On Mortgage Refinancing Plan

Posted 12.18.2011

Read More: Ally Financial Inc, Mortgages, Foreclosure Crisis, Video, J.P. Morgan Chase, Citigroup Inc, Lenders, Mortgage Crisis, Bank of America, Banks, Wall Street Journal, Housing Crisis, Wells Fargo & Co, Housing Bubble, Mortgage Payments, Business News

Officials and big banks are working on a plan that would make refinancing available to some borrowers whose houses are worth less than their loans...

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U.S. Banks Losing Ground In Combating Credit, Debit Card Fraud: Report

Posted 12.04.2011

Read More: Fraud, U.S. Banks, The Nilson Report, Video, Debit Card, Citigroup Inc, TJX Companies, Credit Card, Google Inc, Lockheed Martin Corp, Hackers, Business News

(Ross Kerber) - U.S. banks are losing ground in the battle to combat credit and debit card fraud, a new report shows, underscoring the growing thr...

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BofA Shares Drop To Lowest Level In More Than Two Years

Posted 12.03.2011

Read More: European Debt Crisis, Morgan Stanley, Citigroup Inc, Albion Financial Group, KBW Bank Index, Economic Recovery, Jason Goldberg, Goldman Sachs Group Inc, Bank of America Corp, Business News

Bank of America Corp shares fell nearly 8 percent to their lowest level since March 2009 as investors worried that a slowing domestic economy and ...

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Moody's Downgrades BofA's Debt Rating

Posted 11.21.2011

Read More: Citigroup Inc, Credit Downgrade, Lender, Reuters, Credit Rating Agencies, Bofa, Credit Rating, Bank of America Corp, Wells Fargo & Coforeclosure Crisis, Moody's, Business News

Moody's Corp on Wednesday cut the debt ratings of Bank of America Corp, Wells Fargo & Co and Citigroup Inc, three of the largest U.S. banks, on w...

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Regulators Warns Banks Of 'Effective And Malicious' Hacker Attacks

Posted 08.28.2011

Read More: U.S. Senate, Federal Financial Institutions Council, Bank Hacking, Authentication Mechanisms, Citigroup Inc, Computer Hacking, Federal Deposit Insurance Corp, Office of the Comptroller of the Currency, Federal Reserve, Banks, Consumers, Bank Regulators, Hackers, Video, Business News

WASHINGTON - Bank regulators warned banks to be on guard against increasingly clever computer hacking on Tuesday, indicating heightened alert agai...

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More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011

Read More: Credit Suisse Group AG, Citigroup Inc., Goldman Sachs Group Inc., Barclays Plc, Embeds, Morgan Stanley, Bank of America Corp., J.P. Morgan Chase & Co., Office of the Comptroller of the Currency, Lloyd C. Blankfein, Wall Street Banks, Regulators, Bank of New York Mellon Corp., Federal Reserve Bank of New York, Deutsche Bank AG, UBS AG, Business News

As part of a push to prevent another financial crisis, the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency are incr...

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Citigroup Cyber Attack Affected 360,000 Credit Card Accounts

Posted 08.16.2011

Read More: Citigroup Inc., Westpac, Cyber Hackers, The Hong Kong Monetary Authority, Lockheed Martin, Federal Deposit Insurance Corp, Anz, Credit Card, Security Measures, ID Numbers, IDC Financial Insights, Google Inc, Sony, Business News

NEW YORK/HONG KONG (Maria Aspan & Kelvin Soh) - Citigroup Inc said a cyber attack in May affected almost twice as many accounts as the bank's figu...

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Shareholder Sues Citigroup For Shoddy Mortgage Practices

Posted 06.20.2011

Read More: Foreclosure Crisis, Shareholders, Citigroup Inc, U.S. Treasury Secretary Robert Rubin, Mortgage Crisis, Banks, Regulators, Fiduciary Duty, Michael Brautigam, Lawsuit, Business News

WILMINGTON, Delaware - The board of Citigroup Inc was sued by an individual shareholder for the damage done to the bank by years of shoddy mortgag...

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Citigroup Chief: Bank Will Exceed New Regulatory Requirements

Posted 05.25.2011

Read More: Citigroup Regulatory Requirements, Vikram Pandit, Financial Crisis, Citigroup Inc, Citigroup Bailout, Business News

NEW YORK (Reuters) - Citigroup Inc is on track to exceed expected regulatory requirements and shrink its worst assets to less than 20 percent of its ...

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Lebanon's LBC TV Rides Layoffs Wave Ahead of Murdoch Buy-in, Arab Media Market Expansion

Magda Abu-Fadil | Posted 05.25.2011

Lebanese media group LBC recently sliced 140 jobs, is trimming fat, and repositioning itself for a mega deal involving Rupert Murdoch's purchase of shares in Rotana Media.

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U.S. Chamber of Commerce: Betting Against the American Middle Class

Leo W. Gerard | Posted 05.25.2011

Read More: Citigroup Inc., ?No Holds Barred?, Kate Bronfenbrenner, Secret Ballot Elections, Wal-Mart, Union Organizers, Interrogation, Threats, Cornell University, Employee Free Choice Act, U.S. Chamber of Commerce, Surveillance, Stewart Acuff, Usw, Afl-Cio, United Steelworkers, American Middle Class, Home Depot, National Labor Relations Board, Harassment, National Labor Relations Act, Efca, Aig, Bank of America, Public Sector, Bailout Money, Nlrb, Glenn Spencer, Bernie Marcus, Randel K. Johnson, Business News

Unionization is how the middle class re-emerges. America could do without a few filthy-rich boys lolling on yachts in the Mediterranean.

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Bankers vow to build trust with increased lending

AP | JIM KUHNHENN | Posted 05.25.2011

Read More: JP Morgan Chase, Citigroup Inc., Lloyd Blankfein, Bailout Bandits, Bailout Testimony, CEOs of Bank of America Corp., Bailout Banker Testimony, Citigroup CEO Vikram Pandit, Wall Street Banker Testimony, Bailout Outrage, Business News

WASHINGTON — The nation's top bankers came to account for themselves Wednesday to a wary public, displaying a blend of financial might and humil...

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Bankers on the Hill

James Warren | Posted 05.25.2011

Read More: JP Morgan Chase, Citigroup Inc., Lloyd Blankfein, Wall Street Bailout, Bailout Testimony, CEOs of Bank of America Corp., Citigroup CEO Vikram Pandit, Bailout Bandits, Wall Street Crisis, Bailout, Bailout Banker Testimony, Business News, Banking Crisis, Banks, Congressional Hearings, Wall Street Banker Testimony, Politics News

Rarely in the rich history of congressional stonings have the victims been so crisply-attired, so contrite, so deferential, and so tolerant of their grandstanding captors.

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Bailed Out Bankers Testify: Live Video, Quotes

Posted 05.25.2011

Read More: Lloyd Blankfein, JP Morgan Chase, Citigroup Inc., Bailout Testimony, Banking Bailout Video, Banking Video, Wall Street Executives Testifying, Citigroup CEO Vikram Pandit, Bailout Banker Testimony, Bailout Bandits, CEOs of Bank of America Corp., Business News, Wall Street Banker Testimony, Politics News

The eight chief executives from bailed out Wall Street banks are testifying today before Congress. The CEOS will be quizzed aggressively on how they ...

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