Citigroup culls top ranks following Japan banking scandal
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WASHINGTON : US banking giant Citigroup Inc has ousted three senior executives after Japanese regulators last month ordered it to shutter its private banking operations in the country for violating banking laws.
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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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Three senior Citigroup Inc. C.N  executives are leaving the company, after being found partially  responsible for last month's forced closure of Citigroup's  private bank in Japan, a person familiar with the matter said.
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By Kyodo News International, Tokyo  Feb. 19--TOKYO -- Citigroup Inc. of the United States is studying listing  its shares on the Tokyo Stock Exchange to strengthen its business in Japan,  informed sources said Monday.
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Citigroup , which has been raising  funds since taking a huge hit from the U.S. subprime mortgage  meltdown, has sold its Japan headquarters to rival Morgan  Stanley  in a deal reportedly worth US$445 million.
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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., the Nihon Keizai newspaper said on Thursday.
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Citigroup Inc., the world&#39;s largest bank, said the US Securities and Exchange Commission may take enforcement action against Thomas Jones, the head of the company&#39;s investment-management unit.
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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.
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Three of Citigroup&#39;s most senior executives are to leave the Wall Street heavyweight following the closure of its Japanese operations, reports say.
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The weak internal controls and corporate governance that led Citigroup to violate Japanese banking laws together with the severe punishment it received from local regulators are &quot;unique in Japan,&quot; the chief executive of the global financial giant said
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Citigroup (CN: Quote, Profile, Research) said on Monday it would shutter part of its Japanese trust business and promised sharper oversight of its remaining operations
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TOKYO  - Japanese financial authorities announced Friday they would shut down Citibank's private banking business in the country after finding "severe legal violations" in its operations.
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Citigroup  is considering selling Nikko Cordial Corp's  principal finance arm if it acquires the scandal-hit Japanese brokerage group, the Nikkei business daily said on Sunday.
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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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Three senior Citigroup Inc.  executives are leaving the company, after being found partially responsible for last month's forced closure of Citigroup's private bank in Japan, a person familiar with the matter said.
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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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NEW YORK: Three senior Citigroup executives are leaving the company, after being found partially responsible for last monthâs forced closure of Citigroupâs private bank in Japan, a person familiar with the matter said.