Citigroup Unit Violated Its Fiduciary Duty
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Arbitrators have awarded $75,000 to a longtime WorldCom Inc. employee who argued that bankers contributed to her financial losses by profiting from their relationship with the struggling company and its chief executive at the same time they administered a stock-options program for WorldCom workers.  -The Washington Post
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_ Bank of New York has filed a lawsuit accusing Citibank and its parent company of a &quot;massive scheme of deception&quot; designed to hide the failing finances of the bankrupt energy giant Enron while making billions of dollars for itself.
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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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The Securities and Exchange Commission has ordered Fannie Mae to restate its earnings for the last four years after concluding that it had violated accounting rules.
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The NASD on Monday said it fined Citigroup Global Markets Inc. &#36;250,000 for distributing inappropriate hedge fund sales literature, in the regulator's largest fine involving hedge fund sales by broker-dealers.
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Citigroup Inc. shares fell as much as 2.75 percent Monday after a prominent Wall Street analyst downgraded the world&#39;s largest financial services company, citing a string of recent ethics problems.
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Citigroup Inc. (CN: Quote, Profile, Research) faces a lawsuit from angry investors who allege they were defrauded in a &quot;massive scheme of deception&quot; when they
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Citigroup, Deutsche Bank, Morgan Stanley and UBS have been ordered to stand trial on charges of market manipulation.
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Citigroup Inc  and Merrill Lynch & Co  were the world's top underwriters of stocks and bonds in 2007, measured by volume and reported fees, despite being at the epicenter of the global credit crisis.
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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 told employees on Tuesday that it regretted executing a $13.5 billion bond trade that has raised the ire of rival traders in Europe and led to an investigation by regulators in Britain.
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Financial-services giant Citigroup Inc. will pay $250,000 to settle allegations it used misleading sales material on hedge funds, the National Association of Securities Dealers announced Monday.
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Citigroup Inc., the world&#39;s largest bank, was forced to shut its private banking operations in Japan after ``serious&#39;&#39; breaches were found by the nation&#39;s financial regulator.
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Citigroup has barred investors in one of its hedge funds from withdrawing their money, and a new leveraged fund lost 52 percent in its first three months, The Wall Street Journal reported on Friday. The largest U.S. bank suspended redemptions in CSO Partners, a fund specializing in corporate debt, after investors tried to pull more than [...].
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German regulators say they've found evidence that a large bond trade last year by Citigroup Inc., the world's largest financial institution, resulted in market manipulation, according to a published report.
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Citigroup (CN: Quote, Profile, Research) on Friday launched a legal challenge against a restructuring plan drawn up by Parmalat, hitting back after the bankrupt food group took the world&#39;s biggest bank to court recently.
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US banking giant Citigroup reports a $9.83bn (Â£5bn) net loss, blaming its exposure to bad mortgage debt.