Citi Reports Record Revenue Led by International Transactions
The bank said Monday that it made $2.9 billion in the first three months of the year, or 95 cents per share, which includes a $1.3 billion accounting charge that Citi took because the value of its debt increased.
New York Appeals Court Gives SEC-Citigroup Deal New Life
A federal appeals court said Judge Rakoff likely overstepped his authority when he blocked the SEC's $285 million settlement with Citi over toxic mortgage securities.
Top 10 Best U.S. Cities for Business
Despite increased competition from around the globe, America is still on top, according to a research report commissioned by Citigroup, which shows that 10 of the top 30 cities worldwide are in the United States.
IGSignals Launches Risk Management Tool for Mutual Fund Investing
IGSignals is designed to help mutual fund investors actively manage risk rather than stick with their traditional buy-and-hold strategies, says Investment Guidance Solutions CEO Phil Lussier.
Another Judge Challenges SEC Settlement
Milwaukee Judge Randa’s objections are reminiscent of Judge Rakoff’s criticisms of the SEC’s settlement with Citigroup. Indeed, Randa cited Rakoff in his filing.
Judge Blocks, Blasts SEC-Citigroup Settlement
Judge Jed S. Rakoff on Monday rejected a settlement negotiated between the SEC and Citigroup over a $1 billion mortgage fund and said that he could not determine whether the $285 million settlement was “fair, reasonable, adequate and in the public interest.”
Citigroup to Pay $285 Million to Settle SEC Charges on CDO Deal
The SEC charged Citigroup’s principal U.S. broker-dealer subsidiary with betting against clients who invested in the CDO as the housing market showed signs of distress.
FINRA Fines Citigroup $500,000
FINRA announced Tuesday that it had fined Citigroup Global Markets Inc. $500,000 for failure to supervise a former registered sales assistant in its branch office in Palo Alto, Calif.