Citigroup Private Bank Closed
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Citigroup Inc., the world&#39;s largest bank, was forced to close its private banking operations in Japan after the nation&#39;s financial regulator reported it had found &quot;serious&quot; breaches.
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TOKYO -- Citigroup Inc. said yesterday it will close its trust banking unit in Japan within a year, after Japanese authorities ordered the US financial services giant to suspend its private banking business there.
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Japan's financial regulators may suspend or even end some private banking operations at the Japanese commercial banking unit of U.S. financial services firm Citigroup Inc., the Nihon Keizai newspaper said on Thursday.
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Three top Citigroup Inc. executives, including Vice Chairman Deryck Maughan, are leaving the financial services giant in the wake of a scandal at its Japanese private banking unit.
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A blast has shaken two branches of US-based Citibank in the Argentine capital Buenos Aires, reports say. Police say one man, a security guard, was killed in one blast which occurred in the bank in the Caballito district.
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Ameriquest Mortgage Co, the largest  U.S. subprime lender as recently as 2005, is closing, the  latest home loan provider to shut down amid the nation&#39;s  housing market slump.
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Citigroup Inc is abandoning its plans to open as many as 100 U.S. branches a year, The Wall Street Journal said on Thursday.
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The three top U.S. banks said they have abandoned a government-supported plan for a fund to bail out structured investment vehicles after Citigroup  and others launched independent rescues, making the fund unnecessary.
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Citigroup Inc. led shares of financial services stocks lower Monday after Japanese regulators ordered the company to close down its private-banking operations, a move that triggered a downgrade from a major Wall Street brokerage.
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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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US banking giant Citigroup reports a $9.83bn (Â£5bn) net loss, blaming its exposure to bad mortgage debt.
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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  failing to prevent suspected money laundering.
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Citigroup is buying the assets of the subprime lender ACC Capital Holdings, which said on Friday that it would close.
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One of Britain's biggest property funds shuts its doors to withdrawals after panic selling
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Citigroup Inc., the world&#39;s biggest bank, said Vice Chairman Deryck Maughan will leave the firm, along with investment management head Thomas Jones and Peter Scaturro, who ran the company&#39;s
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Citigroup Inc , the largest U.S. bank, may eliminate 17,000 to 24,000 jobs and write off as much as $24 billion for subprime and other credit losses, as part of a plan to cut costs and add capital, CNBC television said on Monday.
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Three top Citigroup executives, including Vice Chairman  Deryck Maughan, are leaving the financial services giant in the  wake of a scandal at its Japanese private banking unit.