Citigroup aims to boost equities franchise amid industry shakeout

Last Updated: Monday, August 31, 2015, 21:09

Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank`s plans.

Citigroup pays $180 mn to settle hedge fund fraud case

Last Updated: Monday, August 17, 2015, 21:44

US securities regulators ordered two Citigroup affiliates Monday to pay $180 million to settle charges that they defrauded investors by falsely claiming a pair of hedge funds were low-risk.

Ex-UBS, Citigroup trader jailed for 14 years for rigging Libor rates

Last Updated: Monday, August 3, 2015, 23:51

A trader who worked for UBS and Citigroup was jailed Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.

Ex-UBS, Citigroup trader convicted in UK of Libor rigging

Last Updated: Monday, August 3, 2015, 20:40

A trader who worked for UBS and Citigroup on Monday became the first person to be convicted by a jury in Britain of rigging the benchmark Libor inter-bank lending rate.

Lawsuit accuses 22 banks of manipulating US Treasury auctions

Last Updated: Friday, July 24, 2015, 09:14

Primary dealers are the banks authorized to transact directly with the Federal Reserve who are big players in Treasury bond auctions and act as market makers in the secondary market.

Citigroup shuts Banamex USA, pays $140 mn in fines

Last Updated: Thursday, July 23, 2015, 08:30

Citigroup said Wednesday it will shut the US branch of its Mexican subsidiary Banamex and pay $140 million in fines for inadequate programs to combat money laundering.

Citi ordered to pay $770 million over credit card practices

Last Updated: Wednesday, July 22, 2015, 06:35

Citigroup Inc`s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said.

Citibank ordered to pay $700 mln over credit card practices

Last Updated: Tuesday, July 21, 2015, 22:22

Citigroup Inc`s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said.

Further rate cut of 25 bps likely this fiscal: Citigroup

Last Updated: Tuesday, June 30, 2015, 18:08

The Reserve Bank is likely to cut the key interest rate by another 25 bps this fiscal as retail inflation is likely to be around 5 percent, says a Citigroup report.

'Inflation to stay below RBI projection; 25 bps cut likely'

Last Updated: Monday, June 15, 2015, 18:40

According to SBI Research, the August CPI would be around sub-4 percent (at 3.5-3.6 percent), while FY16 March could be around 5.6-5.7 percent. This may prompt the RBI for another cut in repo rate towards the end of this fiscal," it added.

Citigroup pegs India's GDP growth at 7.9% this fiscal

Last Updated: Thursday, June 11, 2015, 15:21

According to the global financial services major, investment and consumption uptick is likely to result in a growth pick-up from 7.3 percent in 2014-15.

Citigroup to close Banamex USA: Report

Last Updated: Monday, June 1, 2015, 09:32

Based in Century City, California, Banamex USA specializes in moving money across the US border into Mexico. The bank is undergoing probes related to its anti-money laundering controls, people familiar with the matter told the Journal.