Tag Archives: Citigroup

Philadelphia Sues Citigroup, Goldman Sachs, Bank of America and Other Big Banks, Alleges Municipal Bond Rigging

The city of Philadelphia, Pennsylvania is suing Bank of America (BAC), Goldman Sachs (GS), Citigroup (C), Wells Fargo & Co. (WFC), Barclays Plc (BAR), JPMorgan Chase & Co. (JPM), and Royal Bank of Canada (RBC) for allegedly rigging rates for … Continue reading

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Dark Pool Costs Citigroup $12 Million

Citigroup Inc was ordered to pay more than $12 million by U.S. regulators on Friday after it was found that the bank’s investment banking and financial advisory unit misled users of a “dark pool” operated by one of its affiliates.https://www.reuters.com/article/citigroup-investigation-sec/sec-orders-citigroup-to-pay-12-mln-to-settle-dark-pool-probe-idUSL3N1W053P … Continue reading

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Citigroup Global Markets hit with $11.5 Million in Sanctions

Citigroup Global Markets Reportedly displayed inaccurate research ratings  According to the Financial Industry Regulatory Authority, the regulator fined Citigroup Global Markets Inc. $5.5 million on Thursday and required the firm to pay at least $6 million in compensation to retail … Continue reading

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Caremark claim over Citigroup ‘corporate traumas’ dismissed

By Mark S. Nelson, J.D.For the second time in a week Delaware courts have explained, in the words of former Chancellor Allen, the author of the Caremark decision, why the Caremark claim is “possibly the most difficult theory in corporation … Continue reading

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Citigroup plans to cut 17,000 banking jobs (icWales)

GLOBAL banking giant Citi- group put UK jobs under threat yesterday, after it announced plans to cut 17,000 positions worldwide. Read more detail on Legal News Directory – Banking and Finance law

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