Judge rejects Citigroup bid to dismiss 401(k) fee case
Nearly seven years after their lawsuit was filed, the plaintiffs in a “self-dealing” case against Citigroup will be allowed to move ahead with their claims.
12 Best & Worst Broker-Dealers: Q1 Earnings, 2014
This quarter saw surprising performance dips and peaks across the financial sector.
NFP to sell itself for about $1.01B
The wealth management services provider is selling itself to a private equity firm for $1.01 billion.
Pandit’s Exit Means End of ‘Shock and Awe’ Era: Bank Analyst
The heyday of volatility at the big banks could be replaced by a "boring" period, says SNL Financial's Nancy Bush.
Finance Sector’s Q3 Growth Seen Leaving Others in Dust
Early reports for the finance sector’s third-quarter 2012 performance indicate that it is on track to best all other sectors, at overall profits of 11.8%, in what looks to be an otherwise lackluster earnings season.
Morgan Deemed ‘Winner’ in Moody’s Bank-Rating Massacre
Fifteen banks in the U.S., U.K. and Europe with global capital markets operations saw their ratings cut by Moody’s, some by as many as three notches.
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.