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Citigroup's sale of OneMain Financial to be delayed on antitrust concerns
Springleaf Holdings, which is set to acquire unit, says deal would be delayed beyond third quarter.
Jerin Mathew Aug 07, 2015
Libor rigging scandal: Tom Hayes found guilty and sentenced to 14 years in prison
The former Citi and UBS trader was diagnosed with Aspergers and argued that he was operating in grey areas.
Bauke Schram Aug 03, 2015
Libor rigging scandal: Tom Hayes admits he tried to be charged in the UK to avoid extradition
The former trader has been charged with eight criminal counts of conspiracy for allegedly rigging the average London interbank interest rate between 2006 and 2010.
Bauke Schram Jul 07, 2015
Codename Citicoin: Banking giant built three internal blockchains to test Bitcoin technology
Citigroup technology briefing reveals internal blockchains and transactions without bank accounts.
Ian Allison Jul 01, 2015
Fx fixing scandal: Citigroup paid $2.5bn in fines for rigging currency rates as bank made just $1m from misconduct
Bank's fine was 2,500 times more than what it made from FX rigging.
Jerin Mathew Jun 11, 2015
Citigroup likely to shut down Banamex USA over weak money laundering controls
Banamex USA has been accused of its weak money laundering controls and is facing number of probes.
Jerin Mathew Jun 01, 2015
Banks hit with record $5.7bn fines for rigging forex markets
The US Department of Justice has come down heavily on the banks.
Ravender Sembhy May 20, 2015
US shale oil drillers may get $26bn in insurance if crude prices stay low
Over a dozen energy firms buy hedges from lenders, including JPMorgan, Wells Fargo, Citigroup and the Bank of America.
M Rochan Apr 09, 2015
Macquarie to cut half its Asia investment-banking workforce
The Australian group's move comes in the wake of a drop in revenue from the advisory and capital markets unit, amid a slump in deals.
M Rochan Mar 31, 2015
Europe's big banks cut 21,500 jobs in 2014 as banking sector woes continue
Six of the biggest banks in the US cut a total of 37,500 jobs in 2014, compared to 45,700 in 2013.
Jerin Mathew Mar 30, 2015
Citi sells Nicaraguan businesses to Grupo Financiero Ficohsa
Citi's operations in Nicaragua include $255m in assets, a loan portfolio of $171m and over 600 employees.
M Rochan Mar 26, 2015
Citigroup gets US court's approval to process two Argentine bond payments
Ruling expected ease tensions between bank and Argentina, which is seeking to overcome deadlock brought by lawsuit with hold-out funds.
Jerin Mathew Mar 23, 2015
Citigroup plans Argentina business exit amid bond turmoil
Citigroup could sell portions of its Argentine custody business or end some customer relationships.
M Rochan Mar 18, 2015
FX fixing scandal: US seeking about $4bn from RBS and other global banks
RBS, Barclays, Citigroup, JPMorgan Chase and UBS would have to pay about $1bn each.
Jerin Mathew Mar 14, 2015
A housing bubble in Hong Kong won't topple its economy
Market watchers believe even a "collapse" in house prices will not set off a prolonged "economic downturn" in the city.
M Rochan Feb 06, 2015
SMBC to buy Citi's Japan retail business for about $332m
Citi's Japanese consumer banking arm has been hit by weak loan demand and falling interest margins.
M Rochan Dec 24, 2014
JCDecaux may bid for rival Clear Channel Outdoor's European assets
Deal will help Paris-based JCDecaux ride out an economic downturn on the continent.
M Rochan Dec 09, 2014
Hong Kong is in a recession, says China expert Andy Xie
Hong Kong Financial Secretary John Tsang Chun-wah has warned that 2014's economic growth could miss revised forecasts.
M Rochan Dec 03, 2014
Citi Axing 35 London Trading Jobs Amid FX Fixing Fine
Citi is paying around $1bn in fines to three separate authorities for currency market manipulation
Lianna Brinded Nov 19, 2014
Barack Obama to Nominate Loretta Lynch as First African-American Female Attorney-General
55-year-old Harvard graduate who rose to prominence prosecuting police brutality to be formally announced on Saturday.
Nov 08, 2014
Citi's Shares Drop After it Earmarks $600m More to Cover Legal Costs
Citi revises down third-quarter net income to $2.84bn from the $3.44bn.
M Rochan Oct 31, 2014
UBS Wealth Assets Grow by $30bn Boosted by Chinese and Indian Millionaire Rise
UBS gain the most out of any wealth management operation, including Credit Suisse and HSBC.
Ian Allison Oct 17, 2014
Citigroup to Exit Consumer Banking in 11 Markets
Japan, Peru and Egypt are three of the businesses that will go.
Sean Martin Oct 14, 2014
Morgan Stanley Bonuses Boosted While Wall Street Rivals Cut Back
Bloomberg data reveals that JPMorgan's bond traders will share the fastest shrinking bonus pot.
Ian Allison Oct 09, 2014
Rio Tinto Shares Jump on News It Turned Down Glencore Merger Proposal
Rio's London shares rise 6% while Australian shares end 4.31% higher.
M Rochan Oct 07, 2014
Citigroup Seeks to Halt US Order on Argentina Debt Fearing Penalties and Sanctions
Citigroup says it had "a gun to its head" which would "probably go off" if US court did not allow payment of blocked funds.
Jerin Mathew Sep 23, 2014
US Treasury Keeping Tabs on Swap Loopholes at Banks
Banks moving trading operations overseas to doge swap rules under Treasury scanner.
M Rochan Sep 12, 2014
Citigroup Fined $1.85m for Failing to Offer Best Prices to Customers
The bank will be forced to pay more than $2m in total.
Finbarr Bermingham Aug 26, 2014
Federal Reserve Mounts Pressure on Banks to Govern Data
Banks are hiring people with experience in data governance and analytics.
M Rochan Aug 21, 2014
Citigroup Plans Japan Retail Banking Exit amid Low Interest Rates
Bank will retain its commercial and investment banking businesses in Japan.
Jerin Mathew Aug 20, 2014
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