Citigroup sacks top executives over Japan debacle
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NEW YORK, October 21  - Global banking giant Citigroup&#39;s (C.NYS) recent move to terminate three top executives, in the wake of the recent debacle in the companyâs Japanese operations, has been widely welcomed by Wall Street analysts.
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TORONTO -- Royal Group Technologies Ltd. has ousted founder and chairperson Vic De Zen and fired its chief executive and chief financial officer for cause.
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Citigroup Inc. (CN: Quote, Profile, Research) appointed Sallie Krawcheck as its No. 2 executive on Monday in a surprise management shuffle designed to cultivate
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TOKYO/NEW YORK  - Japan on Friday ordered  Citigroup Inc. C.N to close its Japanese private banking  offices after uncovering a series of problems, including a  failure to prevent suspected money laundering.
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Will this do it? Citigroup (nyse: C - news - people ) Chief Executive Charles Prince apologized Monday to Japanese authorities for the financial giant&#39;s problems in Japan.
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Japanese financial authorities announced yesterday that they are punishing Citibank by suspending private banking operations for a year at four of its branches after finding problems with their operations.
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New Century Financial fired its chief executive and an executive vice president and named its chief restructuring officer to the post of chief executive.
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Citigroup , which has been raising funds since taking a huge hit from the U.S. subprime mortgage meltdown, has sold its Japan headquarters to rival Morgan Stanley  in a deal reportedly worth US$445 million.
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Citigroup Inc. shares on Monday  suffered their biggest one-day percentage decline in 18 months  after a prominent Wall Street analyst downgraded the world's  largest financial services company, citing a string of recent  ethics problems.
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Two former Citigroup executives won dismissal yesterday of a lawsuit in which the government accused them of keeping tens of millions of dollars for the bankâs asset management arm that should have gone to reduce mutual fund fees.
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NEW YORK, Sept. 30 -- When Citigroup Inc. chief executive Charles O. Prince III learned of allegations that the firm's private bankers in Japan had violated anti-money-laundering laws and overcharged customers, he could not believe his ears.
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Citigroup, the world&#39;s biggest bank, yesterday issued an humiliating apology to its staff after a bond trading coup in August that sparked investigations by regulators across Europe.
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Three senior executives at Citigroup have been forced to resign as Charles Prince, the company&#39;s chief executive, has delivered on a promise to improve the bank&#39;s sullied reputation after its private banking operations were shut down in Japan last month.
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Three senior Citigroup Inc. (CN: Quote, Profile, Research) executives are leaving the company, after being found partially responsible for last month&#39;s forced closure
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BEIJING, Sept. 25 -- The Communist Party chief of Shanghai was fired Monday in the highest-level purge of a Chinese official in more than a decade. Analysts called the dismissal a move by President Hu Jintao to root out corruption and consolidate his own power.
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Three senior executives at Citigroup were forced to resign yesterday as Charles O. Prince, the firm&#39;s chief executive, delivered on a promise to improve the bank&#39;s sullied reputation in
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Citigroup's top executive in Japan endured unprecedented questioning by lawmakers on Tuesday over a scandal at the firm's private bank in the country, the latest turn in a high-profile case that has embarrassed the world's biggest financial company.