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Citigroup Inc

Jack Lew Faces Questions Over NYU Bonus Ahead Of Treasury Secretary Confirmation

The Huffington Post | Eleazar David Meléndez | Posted 02.26.2013 | Business

The day before a crucial Senate vote to confirm the nation’s next Treasury secretary, Obama nominee Jack Lew is facing questions about certain unusu...

Banks Finding Opportunity In Postal Service Woes

Reuters | Posted 05.28.2012 | Business

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

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

Reuters | Posted 05.13.2012 | Business

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

Possible Cartel Behavior By UBS And Credit Suisse?

AP | Posted 02.03.2012 | Business

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

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

Reuters | Posted 03.26.2012 | Business

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...

Big Bank Sees Profit Drop On Lower Investment Banking Income

AP | PALLAVI GOGOI | Posted 03.18.2012 | Business

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...

GE Ordered To Defend Lawsuit Alleging It Misled Investors During Crisis

Reuters | Posted 03.13.2012 | Business

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

Citi Selling Off Another Part Of Its Non-Core Business

AP | Posted 02.27.2012 | Business

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...

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

AP | By EILEEN AJ CONNELLY | Posted 12.02.2011 | Business

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

Big Bank To Slash Thousands Of Jobs

Posted 11.16.2011 | Business

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...

Report: Officials Working With Banks On Mortgage Refinancing Plan

Posted 12.18.2011 | Business

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...

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

Posted 12.04.2011 | Business

(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...

BofA Shares Drop To Lowest Level In More Than Two Years

Posted 12.03.2011 | Business

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 ...

Moody's Downgrades BofA's Debt Rating

Posted 11.21.2011 | Business

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...

Regulators Warns Banks Of 'Effective And Malicious' Hacker Attacks

Posted 08.28.2011 | Business

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

More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011 | Business

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...

Citigroup Cyber Attack Affected 360,000 Credit Card Accounts

Posted 08.16.2011 | Business

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...

Shareholder Sues Citigroup For Shoddy Mortgage Practices

Posted 06.20.2011 | Business

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...

Citigroup Chief: Bank Will Exceed New Regulatory Requirements

Posted 05.25.2011 | Business

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 ...

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

Magda Abu-Fadil | Posted 05.25.2011 | Media
Magda Abu-Fadil

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.

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

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

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

Bankers vow to build trust with increased lending

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

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

Bankers on the Hill

James Warren | Posted 05.25.2011 | Politics
James Warren

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.

Bailed Out Bankers Testify: Live Video, Quotes

Posted 05.25.2011 | Politics

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