Citigroup CEO says trust bank to be shut down
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The CEO of US banking giant Citigroup Inc. apologized Monday for the bank&#39;s misconduct in Japan and said it will terminate its private banking business here for wealthy customers by Sept.
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Citigroup , the top U.S. bank by  assets, expects its investment spending next year to be less  than half the 2006 level, its chief executive said on Thursday,  acknowledging that its consumer bank has yet to turn the  corner.
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Citigroup Alternative Investments is shutting down the hedge fund as its new leader, Vikram S. Pandit, puts his stamp on the long-overlooked division.
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Citigroup , the top U.S. bank by assets, expects its investment spending next year to be less than half the 2006 level, its chief executive said on Thursday, acknowledging that its consumer bank has yet to turn the corner.
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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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Regulators ordered Citigroup to close its Japanese private banking operations because of serious violations of the country's banking laws.
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NEW YORK - Citigroup Inc has forced three senior executives to leave the company in connection with a scandal involving its private-banking operations in Japan, US media reported Tuesday.
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TOKYO A leading executive at Citigroup, which was forced to shut its private bank in Japan in September, said Tuesday that the bank would review all past transactions with individual customers in Japan.
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Japan's financial regulator on Friday  ordered the Japanese commercial banking unit of Citigroup Inc.  to close four offices for violating banking laws.
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Business News, NEW YORK, 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 of Citigroup&#39;s
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NEW YORK - In a startling move backing up his promise to clean up Citigroup&#39;s global image, Chief Executive Officer Charles Prince ousted the three top executives responsible for the scandal at Citigroup&#39;s private bank in Japan.
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Citigroup said that federal regulators had warned the bank that an investigation of its asset management unit could result in an enforcement action.
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Citigroup Inc., the financial services giant, said yesterday that it was removing three senior executives in the wake of a banking scandal in Japan.
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Japan's financial regulator may suspend  or even end some private banking operations at the Japanese  commercial banking unit of U.S. financial services firm  Citigroup Inc. due to lost customer data and questionable  securities transactions, local media said on Thursday.
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Citigroup said today that federal regulators had warned the bank that an investigation of its asset management unit could result in an enforcement action against the executive who ran the division until this week.
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Citigroup Inc.  on Friday said it is cutting jobs in its corporate and investment bank to save money, and a person familiar with the decision said more than 1,000 positions may be lost.
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Three of Citigroup's most senior executives are to leave the Wall Street heavyweight following last month's closure of its Japanese operations, reports say.