Citigroup Fires Execs Following Scandal
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10/20/04- Citigroup reportedly has fired 3 senior executives in connection with a scandal involving its private banking operations in Japan.
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Citigroup Inc. C.N on Monday said  one of its fast-rising executives, Sallie Krawcheck, will take  over the No. 2 position at the world's biggest financial  services company, replacing Todd Thomson who will take her job  as head of brokerage Smith Barney.
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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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The general director of Mexico&#39;s state oil company was fired yesterday amid a scandal involving the use of corporate funds to pay for his wife&#39;s liposuction.
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Citigroup, which recently acquired a majority stake in the Nikko Cordial Corporation, said Brandon Ginsberg had resigned as co-head of equities at its Japanese investment bank. Mr. Ginsberg has already left, said Masufumi Yoshino, head of corporate communications at Nikko Citigroup in Tokyo. No further details were available. The departure is the second change of senior managers at the unit since Citigroup bought 61 percent in April.
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Citigroup Inc. (CN: Quote, Profile, Research) on Friday said US securities regulators are thinking of recommending enforcement proceedings against the former head of Citigroup Global Investment Management.
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Citigroup Inc.&#39;s Deryck Maughan, who was picked by Warren Buffett to help Salomon Brothers recover from the firm&#39;s role in rigging the Treasury market, lost his job a dozen years later after a banking scandal in Japan.
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WASHINGTON (Dow Jones/AP) - Financial services giant Citigroup says the Securities and Exchange Commission is considering recommending charges against two of its former employees and a current worker.
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Citigroup, the global banking company, yesterday ousted three of its most senior executives in an attempt to restore its battered reputation in Japan.
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Citigroup has replaced Catherine Weir, its top official in China, with Richard Stanley, reversing a management reorganization made six months ago.
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Citigroup Inc  Chief Executive  Charles Prince plans to resign this weekend, the Wall Street  Journal said, as the widening subprime mortgage crisis deals a  final blow to a reign long under attack.
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Citigroup's Chief Executive Officer  Chuck Prince outlined a five-point plan emphasizing staff  training and independent controls as the firm looks to respond  to recent scandals, according to an internal memo.
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Turns out Citigroup (C ) CEO Charles Prince really is serious about cleaning house. On Oct. 19, he announced the departure of three top execs who bore operational responsibility for the regulatory shortcomings
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SunTrust Banks Inc. (STI.N: Quote, Profile, Research) , the No. 7 US bank, fired its chief credit officer and two other finance executives after finding numerous errors
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Citigroup Inc. C.N on Monday said  Todd Thomson, its chief financial officer and head of strategy,  will swap posts with Sallie Krawcheck, Smith Barney's chairman  and chief executive officer.
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WASHINGTON - The Securities and Exchange Commission is considering recommending charges against two former Citigroup Inc. employees and a current employee, the financial-services giant said Friday.
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SunTrust Banks Inc., a large U.S.  southeast regional bank, on Wednesday said it fired three  finance executives, including its chief credit officer, after  uncovering problems in how it accounted for bad loans.