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Citigroup

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

Citigroup to Pay $7 Billion to Settle U.S. Government Investigation

Citigroup to Pay $7 Billion to Settle U.S. Government Investigation 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

U.S. Investigation into Citigroup Could be Settled Soon

U.S. Investigation into Citigroup Could be Settled Soon 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

China’s Export Slump

China’s Export Slump A senior China economist at Citigroup Inc. in Hong Kong, Ding Shuang said, “I don’t see a future for these places if they continue to make low-end products.” According to Bloomberg News, Ding Shuang also reported that, they have to…>read more

No Comment April 9, 2014

Citigroup Agrees to Settlement Worth $730 Million

Citigroup Agrees to Settlement Worth $730 Million It was announced on Tuesday that Citigroup Inc will pay $730 million to settle a class action lawsuit filed on behalf of investors. The investors claim that they were misled by the disclosures of the company, according to Reuters. The…>read more

No Comment March 19, 2013

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USA-TX-Dallas

If you are in the process of building your client base, but challenged by the lack of support your firm is willing to provide, then you\'ll want to continue reading.   My client is a well...