There is no pinned content in this Editor's Picks module.
Click here to learn more about content pinning.
A Citibank sign is seen at a bank branch in midtown Manhattan, New York, in this file picture taken November 17, 2010. The China unit of Citigroup Inc said on February 6, 2012, it has received regulatory approval to issue credit cards in China becoming... View Photo »
Cars pass by the headquarters of the Shanghai Pudong Development Bank housed in the old Hongkong and Shanghai Bank building on Shanghai, 08 June 2006. The bank, in which US banking giant Citigroup is a stakeholder, is investigating a potential fraud... View Photo »
Colorful vintage Kodak film canisters are displayed in Newtown, Pa. , Friday, Jan. 20, 2012. Eastman Kodak Co. has obtained a bankruptcy judge's approval to borrow an initial $650 million from Citigroup Inc. to keep operations running while it peddles a... View Photo »
George Eastman (L), founder of the Eastman Kodak Company, is shown with fellow inventor Thomas Edison, in this undated publicity photograph from the George Eastman House International Museum of Photography and Film's press site. Eastman Kodak Co, which... View Photo »
Wells Fargo Chief Executive Officer John Stumpf speaks to employees in Charlotte, North Carolina in this December 1, 2011 file photo. Wells Fargo & Co on Tuesday beat Wall Street estimates with a 20 percent increase in fourth-quarter profit, boosted by... View Photo »
People walk by a Citibank branch in New York January 17, 2012. Citigroup Inc fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets, hurting trading revenue and discouraging clients... View Photo »
Citigroup Inc. stock prices are seen on a screen inside the NASDAQ building at Times Square in New York January 17, 2012. Citigroup Inc fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital... View Photo »
A Kodak screen is seen at Times Square in New York January 13, 2012. Shares of Kodak fell 7.2 cents to 60 cents in after-hours trading following the report that Eastman Kodak Co is in advanced talks with Citigroup Inc to obtain financing that would be... View Photo »
A man walks in front of a Kodak screen at Times Square in New York January 13, 2012. Shares of Kodak fell 7.2 cents to 60 cents in after-hours trading following the report that Eastman Kodak Co is in advanced talks with Citigroup Inc to obtain financing... View Photo »
People record and take pictures in front of a Kodak screen at Times Square in New York January 13, 2012. Shares of Kodak fell 7.2 cents to 60 cents in after-hours trading following the report that Eastman Kodak Co is in advanced talks with Citigroup Inc... View Photo »
A Kodak DCS520 digital camera is seen in this studio illustration in New York, January 13, 2012. Eastman Kodak Co is in advanced talks with Citigroup Inc to obtain financing that would be used if the money-losing photography company files for bankruptcy... View Photo »
In this Jan. 6, 2012 photo, a Citibank customer makes a transaction at an ATM, in New York. Citigroup said Tuesday, Jan. 17, 2012, its income fell 11 percent in the fourth quarter of 2011due to lower investment banking income, an accounting charge, and... View Photo »
The building at 15 Central Park West, where Russian fertilizer mogul Dmitriy Rybolovlev is reported to have bought his 22-year-old daughter Ekaterina an $88-million apartment, stands at the edge of Central Park in New York Thursday, Dec. 22, 2011. The... View Photo »
Traffic moves past the building at 15 Central Park West in New York Thursday, Dec. 22, 2011. New York's real estate world is atwitter with reports that an $88 million apartment in the ritzy building was purchased for Ekaterina Rybolovlev, the... View Photo »
People walk out the entrance of 15 Central Park West in New York Thursday, Dec. 22, 2011. New York's real estate world is atwitter with reports that an $88 million apartment in the ritzy building was purchased for Ekaterina Rybolovlev, the 22-year-old... View Photo »
FILE - In this Dec. 22, 2011 photo, people walk out the entrance of 15 Central Park West in New York. The family of a Russian billionaire has bought a New York penthouse apartment for $88 million. The Wall Street Journal says the property on Central... View Photo »
People walk beneath a logo of Citigroup in Tokyo, in this file photo taken April 20, 2009. Citigroup Inc is cutting 4,500 jobs worldwide, Chief Executive Vikram Pandit said on December 6, 2011, becoming the latest large bank to trim staff. The cuts are... View Photo »
People walk past a Citibank branch in New York, in this file photo taken October 18, 2010. Citigroup Inc is cutting 4,500 jobs worldwide, Chief Executive Vikram Pandit said on December 6, 2011, becoming the latest large bank to trim staff. The cuts are... View Photo »
Construction workers install Citibank's neon sign on its Singapore main office at the central business district November 29, 2011. Citigroup Inc has no plans to reduce investment bankers in Southeast Asia despite an expected drop in equity capital... View Photo »
Citigroup India head Pramit Jhaveri speaks during the Reuters India Investment Summit in Mumbai November 22, 2011. Citigroup expects to boost its loans and deposits growth in India by about a fifth in each of the next two years, Jhaveri said, as the... View Photo »
Citi Private Bank provides personalized wealth management services for affluent clients who include many entrepreneurs, families, and senior corporate executives. With 90 offices in 58 cities in 31 countries, it is one of the world's most global private banks. Full Article
Citigroup Inc. stock prices are seen on a screen inside the NASDAQ building at Times Square in New York January 17, 2012. Citigroup Inc fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets, hurting trading revenue...
View Photo »People walk beneath a logo of Citigroup in Tokyo, in this file photo taken April 20, 2009. Citigroup Inc is cutting 4,500 jobs worldwide, Chief Executive Vikram Pandit said on December 6, 2011, becoming the latest large bank to trim staff. The cuts are equal to about 2 percent of Citi's...
View Photo »Citigroup India head Pramit Jhaveri speaks during the Reuters India Investment Summit in Mumbai November 22, 2011. Citigroup expects to boost its loans and deposits growth in India by about a fifth in each of the next two years, Jhaveri said, as the U.S. bank enhances its focus on...
View Photo »NEW YORK, NY - NOVEMBER 21: Citigroup chairman Richard Parsons attends Nespresso Press Room at the 39th International Emmy Awards at the Hilton New York on November 21, 2011 in New York City.
View Photo »NEW YORK, NY - NOVEMBER 21: (L-R) Citigroup chairman Richard Parsons, Zee Entertainment Chairman Subhash Chandra, British actress Archie Panjabi, and International Academy of Television Arts & Sciences President Bruce Paisner pose at Nespresso Press Room at the 39th International Emmy Awards...
View Photo »Christopher Culhane works at the post that handles Citigroup on the floor of the New York Stock Exchange Tuesday, Nov. 1, 2011. Worries that a planned Greek referendum could scuttle a plan to resolve Europe's debt crisis rattled markets Tuesday morning. Stocks indexes plunged in the...
View Photo »Citigroup head of public sector Guy Harrington speaks during an industry conference in the capital Abuja October 20, 2011.
View Photo »A Citibank sign is seen at a bank branch in midtown Manhattan, New York, in this file picture taken November 17, 2010. The China unit of Citigroup Inc said on February 6, 2012, it has received regulatory approval to issue credit cards in China becoming the first non-Asian bank to be...
View Photo »NEW YORK, NY - OCTOBER 12: CEO of Citigroup Vikram Pandit speaks during the FORTUNE Breakfast & Conversation with Vikram Pandit, CEO, Citigroup at TIME Building on October 12, 2011 in New York City.
View Photo »Citigroup Chairman Richard Parsons (L), UC Berkeley Haas School of Business Professor Laura D'Andrea Tyson (C) and council chairman, General Electric CEO Jeffrey Immelt, attend a meeting of U.S. President Barack Obama's Council on Jobs and Competitiveness at the International Brotherhood...
View Photo »Citigroup CEO Vikram Pandit (L) shakes hands with Rich Spillenkothen after speaking at the Bretton Woods Committee International Council conference in Washington, September 23, 2011.
View Photo »Citigroup CEO Vikram Pandit departs the stage after speaking at the Bretton Woods Committee International Council conference in Washington, September 23, 2011.
View Photo »Citigroup CEO Vikram Pandit makes remarks at the Bretton Woods Committee International Council conference in Washington, September 23, 2011.
View Photo »Gary Foster (C), a former vice president of Citigroup Inc, exits a United States federal courthouse with his lawyers after being charged with embezzling more than $19 million from the company's accounts in New York June 27, 2011.
View Photo »ST. PETERSBURG, RUSSIA - JUNE 17: Vikram Pandit, Chief Executive Officer of Citigroup (USA) attends the St. Petersburg International Economic Forum (SPIEF) on June 17, 2011 in St. Petersburg, Russia. Global business leaders have gathered in Russia for the three-day conference.
View Photo »RUSSIA - JUNE 16: Carlos Miguel Gutierrez, Vice Chairman of Citigroup's Institutional Clients Group, attends the St. Petersburg International Economic Forum (SPIEF) on June 16, 2011 in St. Petersburg, Russia. Global business leaders have gathered in Russia for the three-day conference...
View Photo »Citigroup Chairman Dick Parsons (L) and musician Jimmy Buffett arrive at Apollo Theater's Spring Gala Benefit honoring Stevie Wonder in New York City June 13, 2011.
View Photo »Dick Parsons, Chairman of Citigroup arrives at Apollo Theater's Spring Gala Benefit honouring Stevie Wonder in New York City June 13, 2011.
View Photo »Citigroup CEO Richard Parsons stands with Stevie Wonder at the Apollo Theater's annual spring gala honoring Stevie Wonder in New York on Monday, June 13, 2011.
View Photo »NEW YORK, NY - NOVEMBER 21: (L-R) Zee Entertainment Chairman Subhash Chandra, British actress Archie Panjabi, and Citigroup chairman Richard Parsons pose at Nespresso Press Room at the 39th International Emmy Awards at the Hilton New York on November 21, 2011 in New York City.
View Photo »Tobias Levkovich, Chief U.S. Equity Strategist for Citigroup, speaks during the Reuters 2011 Investment Outlook Summit in New York, June 7, 2011.
View Photo »Subhash Chandra of India (2nd L), Chairman of Zee Entertainment Enterprises Ltd and the Essei Group of Companies, recipient of The Directorate Award, stands with presenter British actress Archie Panjabi (2nd R), Richard Parsons (L), Chairman of Citigroup, and Bruce Paisner (R), President...
View Photo »Archie Panjabi, center, presented the International Emmy Directorate Award to Subhash Chandra, left, chairman of India's Zee TV, and Citigroup Chairman Richard Parsons at the 39th International Emmy Awards, on Monday, Nov. 21, 2011 in New York.
View Photo »Citigroup Chief Executive Officer Vikram Pandit speaks during a visit to a School of Management during the International Economic Forum in St.Petersburg, in this June 5, 2009 file picture. Citigroup Inc has awarded Pandit over $16.6 million in deferred compensation plus stock options as...
View Photo »Citigroup Chief Executive Officer Vikram Pandit speaks during the opening of a new branch in Hong Kong, in this February 3 2010 file picture. Citigroup Inc will award Pandit over $16.6 million in deferred compensation, plus stock options, as a retention bonus, according to a regulatory...
View Photo »Citigroup Inc. stock prices are seen on a screen inside the NASDAQ building at Times Square in New York January 17, 2012. Citigroup Inc fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets, hurting trading revenue...
View Photo »In the U.S., the economic news has improved. When you get an earnings news out of Citigroup, it doesn’t appear to have the same impact on the overall market as it would have.
We are still a long way from Citigroup firing on all cylinders
However, the longevity of today's rally may be dictated by the success of the US earnings season, which picks up speed today with the release of Citigroup's fourth-quarter results.
Incoming Citigroup Chief Economist Willem Buiter believes Greece still has it within their means to prevent a national default.
the transaction involved a $1 billion portfolio of mortgage-related investments, many of which were handpicked for the portfolio by Citigroup without telling investors of its role or that it had made bets that the investments would fall in value.
The agency would not be able to recover amounts as large as the Citigroup settlement
Although [the charges against Citigroup] would appear to be tantamount to an allegation of knowing and fraudulent intent… the S.E.C., for reasons of its own, chose to charge Citigroup only with negligence….
Citigroup did not admit or deny wrongdoing – a standard practice for four decades in SEC settlements.
Judge blasts agreement between SEC, Citigroup
Don’t Bank on Bank of America, Citigroup
As part of the $285 million deal, investors whose pockets were picked will be reimbursed, and Citigroup will pay a $95 million fine. That might seem like a serious penalty, except that two days before the settlement, Citigroup reported that its third-quarter profit soared by $3.8 billion over the same p...
As part of the $285 million deal, investors whose pockets were picked will be reimbursed, and Citigroup will pay a $95 million fine. That might seem like a serious penalty, except that two days before the settlement, Citigroup reported that its third-quarter profit soared by $3.8 billion over the same p...
Citigroup Settlement with SEC Rejected by Judge
Lenders including Bank of America, Citigroup and Morgan Stanley have said they may have to post billions of dollars of additional collateral and termination payments on trades because of a one-level downgrade in their credit ratings.
We completely disagree with S&P’s change to Citigroup Inc.’s holding company long-term and short-term ratings
By the SEC’s own account, Citigroup is a recidivist, and yet, in terms of deterrence, the $95 million civil penalty that the Consent Judgment proposes is pocket change to any entity as large as Citigroup
The combination of charging Citigroup only with negligence and then permitting Citigroup to settle without either admitting or denying the allegations deals a double blow to any assistance the defrauded investors might seek to derive from the SEC litigation [by filing a private lawsuit]
Investors lost $700 million in the fund, according to the S.E.C., while Citigroup gained about $160 million in profits.
It is harder to discern … what the SEC is getting from this settlement other than a quick headline ... By the SEC’s own account, Citigroup is a recidivist, and yet in terms of deterrence, the $95 million civil penalty [portion of the fine] is pocket change to any entity as large as Citigroup.
Citigroup was able, without admitting anything, to negotiate a settlement that (a) charges it only with negligence, (b) results in a very modest penalty, (c) imposes the kind of injunctive penalty that Citigroup (a recidivist) knew that the SEC had not sought to enforce against any financial institution...
Citigroup has not agreed to cooperate with the SEC in any cognizable respect
explain how Goldman’s actions were more culpable or scienter-based than Citigroup’s actions here
By the S.E.C.’s own account, Citigroup is a recidivist
Citigroup knew it would be difficult
I failed to understand that the fears in the market concerning banking were so great that the fundamental improvements in the economy, the industry, and companies like Bank of America [BAC 5.2017 0.0317 (+0.61%) ] and Citigroup [C 25.03 1.40 (+5.92%) ] would simply be ignored.
