Citigroup and Prince: Too-Risky Business
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CHARLOTTESVILLE  Poor Chuck Prince. For the past five years, he thought his job was to clean up the ethical mess at Citigroup left by his longtime friend and patron Sandy Weill. As Weill was taking his leave of the financial behemoth he had created, state and federal officials were moving to put ...
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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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It&#39;s been a rough week for global financial services company Citigroup Inc., but analysts say that while its image may be slightly tarnished, any lingering effects from the overseas controversies will be short-lived.
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The German and French financial watchdogs said on Thursday they were looking into recent trading by US financial services group Citigroup (CN: Quote, Profile, Research) in European government bond and derivative markets.
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US financial services giant Citigroup (CN: Quote, Profile, Research) regrets its controversial sale of around 11 billion euros ($13.
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Citigroup Inc. C.N faces a lawsuit  from angry investors who allege they were defrauded in a  "massive scheme of deception" when they bought securities tied  to the credit-worthiness of bankrupt energy trader Enron Corp.  ENRNQ.PK
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Citigroup Inc.  on Friday said U.S. securities regulators are thinking of recommending enforcement proceedings against the former head of Citigroup Global Investment Management.
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After the write-downs and the stake sales, Citigroup is still looking for additional capital. So the wounded financial giant may be turning to the next option: selling some of its private equity portfolios. PE Hub's Dan Primack reported Wednesday that Citi is in talks to sell $1.4 billion worth of two portfolios. One is $1 billion [...].
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Citigroup is facing fresh legal action related to its role as an adviser to Enron, with investors claiming they were duped by a &quot;massive scheme of deception&quot; when they bought securities tied to the credit-worthiness of the bankrupt energy firm.
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NEW YORK/SHANGHAI  - Citigroup Inc's  plans to raise capital by selling a $2 billion stake to China Development Bank  may be in jeopardy due to Chinese government opposition, The Wall Street Journal reported on Monday.
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Citigroup (C) faces a lawsuit from angry investors who say they were defrauded in a &quot;massive scheme of deception&quot; when they bought securities tied to the credit-worthiness of bankrupt energy trader Enron (ENRNQ).
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Be careful what you wish for, Force Protection investors.
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NEW YORK (CBS.MW) -- Analysts despaired Monday that financial powerhouse Citigroup may lack something that poses a threat to its future growth: a sense of right and wrong.
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Talk of possible major changes at Citigroup and Bank of America set off heavy trading in the shares of the two banking giants.
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Saudi Prince Alwaleed bin Talal, Citigroup Inc.'s  largest individual shareholder, said he has confidence in Chief Executive Charles Prince and does not want to see a breakup of the biggest U.S. bank, according to a published interview.
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Make sure your investment's revenue stream is diversified -- or you could get hurt.
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The recent woes of Citigroup   have encouraged some investment bankers to talk up the chances  that the biggest U.S. bank might feel pressure to buy a major  U.S. rival, with Wells Fargo & Co.  and even Goldman  Sachs Group  touted as potential merger partners.