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ET The Justice Department is investigating whether a Citigroup Inc. unit in California failed to alert the government to suspicious banking transactions along the U.S.-Mexico border that in some cases involved suspected drug-cartel members, said
As Citigroup Inc Chief Executive Mike Corbat prepares to talk to investors on Monday about the bank's biggest failure during his 18-month tenure, his biggest struggle may be with how little he knows about the reason he failed...Federal Reserve said
54pm EDT Citigroup CEO Michael Corbat (C) chats with Thomson Reuters CEO Jim Smith and his wife Pam Kushmerick at the Thomson Reuters reception prior to the White House Correspondents' Association Gala, in Washington, April 27, 2013.
The nation's biggest banks are expected to report weaker first-quarter earnings after facing significant headwinds in their core businesses, analysts say. There are no favorable catalysts this quarter, said Marty Mosby, analyst at Guggenheim.
American Express Co , Citigroup Inc and Discover Financial Services won the dismissal of a lawsuit accusing them of colluding to force credit card holders to settle disputes through arbitration rather than class action lawsuits...District Judge
Anand Selvakesari, head of consumer banking for Asean and India at the US bank, told reporter on Thursday, We have reviewed the terms and conditions that have come along with the proposal but we have to look at it from our business model perspective.
It's a very different story than the end of 2013, when many investment strategists predicted that a vigorously improving economy would translate into robust bank profits. "The group is very economically sensitive," said Peter Kovalski, who manages
Paul has been an outstanding contributor to the company, has a deep understanding of our business and is well respected throughout Network Ten and by the Board," Mr McLennan said. Mr Anderson said he was excited to take on his expanded role and help
Royal Bank of Scotland has agreed to pay 1.5 billion pounds ($2.5 billion) to cancel an arrangement that gives the government priority over dividends, clearing an obstacle to the lender's eventual privatization. The agreement between part-
Lord Hastings says corporates cannot afford to ignore their public image in today's world...Lord Hastings said there was now more transparency in banking and less of the obscure and hidden dealing characterised by derivative trading in the US which