Citibank fraud: I-T initiates re-assessment of investors

Last Updated: Thursday, November 17, 2011, 22:17

Several depositors and high-networth individuals (HNIs) were duped in the Rs 460.91-crore fraud.

PMI rises to 52 pts on rise in output, new orders: Citibank

Last Updated: Tuesday, November 1, 2011, 23:24

Rise in output and new export orders pushed up the country's Purchasing Managers' Index (PMI) to 52 points in October, from 50.4 points in September, but its cannot be taken as a trend as yet, according to financial services major Citigroup.

Citigroup to pay $285 mn in fraud case

Last Updated: Thursday, October 20, 2011, 00:20

Citigroup Inc will pay USD 285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the US Securities and Exchange Commission said on Wednesday.

Vikram Pandit: 'Occupy Wall Street' sentiments understandable

Last Updated: Thursday, October 13, 2011, 10:25

Banking giant Citigroup's Indian American CEO Vikram Pandit thinks the sentiments of the Occupy Wall Street protesters are "completely understandable" as US economy recovery fell short of what was wanted.

Citigroup faces regulatory scrutiny in Japan: Source

Last Updated: Sunday, October 2, 2011, 09:29

Citigroup is being investigated by Japanese regulators for possible infractions related to its marketing of financial products and could face its third major punishment in Japan in 7 years, a source with knowledge of the matter said.

NCDRC imposes Rs 30,000 fine on Citi Bank

Last Updated: Sunday, September 11, 2011, 15:40

International banking major Citi Bank has been imposed a fine of Rs 30,000 by the country's apex consumer forum for filing "meritless" petitions against lower consumer fora order asking it to pay Rs 1.80 lakh to one of its car loan customers.

Ex-Citigroup VP admits embezzling over $22 million

Last Updated: Wednesday, September 7, 2011, 10:43

A former vice president for Citigroup Inc pleaded guilty on Tuesday to embezzling more than USD22 million from the company and funneling the money to his personal bank account.

Citi appoints Muge Yuzuak as head of cards biz

Last Updated: Tuesday, September 6, 2011, 18:37

Citi India's Global Consumer Group Tuesday announced the appointment of Muge Yuzuak as the head of its cards business in the country.

Abdulla wins young cricketer`s award for IPL performance

Last Updated: Friday, June 3, 2011, 00:00

Left-arm slow bowler Iqbal Abdulla of KKR has won the 2011 "Citibank Rising Star Award" for the best under-23 player of the IPL-IV.

Citibank fraudster in 7-day police custody

Last Updated: Friday, December 31, 2010, 00:05

Citibank manager Shivraj Puri, the suspected mastermind behind an estimated Rs 300 crore fraud in which some investors were allegedly swindled, was on Thursday arrested and sent to police custody for a week.

Citibank fraud suspect sent to 7 days custody

Last Updated: Thursday, December 30, 2010, 18:11

Shivraj Puri, the alleged mastermind behind Rs 300 crore Citibank fraud in the branch was remanded in 7 days` police custody.

US froze $2 bn held for Iran in Citibank: Report

Last Updated: Saturday, December 12, 2009, 13:34

A US court last year secretly froze more than USD 2 billion allegedly held for Iran in Citigroup Inc accounts, the Wall Street Journal reported on Saturday, citing legal documents.