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Citigroup

Legal Fee Bill of $2.7 Billion to be Paid by Citigroup

Legal Fee Bill of $2.7 Billion to be Paid by Citigroup Summary: Citigroup released a report on its fourth-quarter Tuesday, citing a $2.7 billion legal bill it faces.  On Tuesday, Citigroup provided its investors with a glimpse of its fourth-quarter results, according to The New York Times. The bank detailed an expected…>read more

No Comment December 10, 2014

Legal Services Estimate Increased by JPMorgan Chase

Legal Services Estimate Increased by JPMorgan Chase Summary: In a securities filing on Monday, JPMorgan Chase announced that it has increased its estimate for legal services relating to the investigation into the bank. JPMorgan Chase noted a possible increase in legal costs during a securities filing on Monday,…>read more

No Comment November 4, 2014

Bank of America Settles Claims with Government for $17 Billion

Bank of America Settles Claims with Government for $17 Billion The largest settlement to emerge from the financial crisis of 2008 has been approved, according to the Huffington Post. The Justice Department reported the $17 billion settlement was reached between Bank of America through its Deputy General Counsel Jana J.…>read more

No Comment August 22, 2014

Employers Hiring in August This Week

Employers Hiring in August This Week There are thousands of legal employers that are currently looking for new employees using LawCrossing. Visit LawCrossing and help them find who they’re looking for. If you, your friends, family, colleagues, or anyone else you know would be a good…>read more

No Comment August 11, 2014

Judge Rakoff Approves Citigroup Deal with SEC But with Terse Comments

Judge Rakoff Approves Citigroup Deal with SEC But with Terse Comments This week, Judge Rakoff of the U.S. District Court in Manhattan finally approved SEC’s $285 million deal with the Citigroup that let the company off the hook without denying or admitting any guilt. Rakoff had earlier blocked the deal as “pocket change”…>read more

No Comment August 6, 2014

U.S. Government and Citigroup Settle Investigation for $7 Billion

U.S. Government and Citigroup Settle Investigation for $7 Billion It was announced on Monday that Citigroup Inc has agreed to pay $7 billion to settle the United States investigation into mortgage-backed securities, according to a report from Reuters. The mortgage-backed securities were sold in the run-up to the financial…>read more

No Comment July 14, 2014

Citigroup Close to Settling U.S. Investigation

Citigroup Close to Settling U.S. Investigation In order to resolve a probe by the United States government, Citigroup Inc is close to paying $7 billion, according to Reuters. The investigation started on allegations that the bank defrauded investors of billions of dollars worth of mortgage securities…>read more

No Comment July 10, 2014

SEC-Citigroup Settlement Deal Originally Rejected is Overturned by Appeals Court

SEC-Citigroup Settlement Deal Originally Rejected is Overturned by Appeals Court A judge’s decision was overturned on Wednesday by a federal appeals court in the federal settlement deal with Citigroup, according to The New York Times. The decision that was overturned was the rejection of the settlement deal. The judge who…>read more

No Comment June 4, 2014

Hedge Funds Lowered Bullish Bets on Gold

Hedge Funds Lowered Bullish Bets on Gold For a fourth week, Bloomberg News has reported that hedge funds have lowered bullish bets on gold in the longest streak this year. The net position in gold slid 13 percent to 87,689 futures and options in the week ended…>read more

No Comment April 21, 2014

Citigroup Inc. Cuts Approximately 300 Jobs

Citigroup Inc. Cuts Approximately 300 Jobs The third-largest U.S. bank, Citigroup Inc., has reportedly cut 200 to 300 jobs in its division handling stock and bond trades, according to a report by Bloomberg News. A person familiar with the matter has reported that the job cuts…>read more

No Comment April 14, 2014

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Job of the Day
Legal Assistant / Secretary - Bilingual
USA-GA-Gainesville

~~Rapidly expanding General Law Firm seeking a Legal Assistant/Secretary to join our team at our Gainesville, Georgia location !  Our firm is a goal/target oriented, fast-paced environment with a...