In a lawsuit brought on by investors in the United States District Court for the Southern District of New York, a settlement has been reached in which JPMorgan Chase & Co, Morgan Stanley and Barclays […]
Tag: Citigroup
Citigroup Announces Cut Back On Coal Industry But Keeps Door Open To Other Polluting Fuels
The U.S coal industry already reeling from lower demand for its products received another bit of bad news today when Citigroup announced it will cut back on coal mining project financing. Financial experts say Citigroup’s […]
Citigroup Calls Chinese Economy ‘Out Of Control’ And Warns Of Global Recession
There is a 55 percent chance there will be a Chinese caused global recession according to Citigroup chief economist and former U.K. policy maker Willem Buiter. He defined the recession being a period of sub […]
Citigroup Fined Again, This Time For Lying To Hedge Fund Investors
Two Citigroup Inc. associates will pay $179.5 million to determine federal regulators’ charges of confusing investors in hedge funds that collapsed. On Monday, the Securities and Exchange Commission publicly declared the resolution with Citigroup Alternative […]
Citigroup Being Investigated Over Shady Consumer Lending Practices
New reports have emerged that Citigroup Inc. is under investigation by the Consumer Financial Protection Bureau (“CFPB”) regarding its student loan servicing practices. Although Citigroup did not specifically name the agency conducting the investigation, it […]
Citigroup To Pay Yet Another Multi-Million Dollar Fine Over Illegal Conduct
The Consumer Financial Protection Bureau (CFPB) has ordered Citigroup to refund $700 million to customers and slapped the institution with $70 million in fines for “illegal and deceptive credit card practices”. The penalties are the […]
Citigroup’s CEO Takes ‘Pay Cut’ To $12 million Per Year
“In part because he failed to stop traders from rigging the foreign-exchange markets” Citigroup Inc. Chairman Michael O’Neill announced CEO Michael Corbat’s 2014 compensation would be cut by an undisclosed amount. The exact fine that […]