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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 moreNo Comment December 10, 2014
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 moreNo Comment November 4, 2014
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 moreNo Comment August 22, 2014
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 moreNo Comment August 11, 2014
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 moreNo Comment August 6, 2014
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 moreNo Comment July 14, 2014
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 moreNo Comment July 10, 2014
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 moreNo Comment June 4, 2014
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 moreNo Comment April 21, 2014
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 moreNo Comment April 14, 2014
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