Japanese shut down some units of Citibank
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TOKYO Japanese banking regulators on Friday ordered Citigroup to close its private banking business here after they found serious breaches in its operations.
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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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The three top U.S. banks have abandoned a Treasury-backed plan for a fund to bail out structured investment vehicles, sources familiar with the matter said, after Citigroup  and others launched independent rescues, making the fund unnecessary.
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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 a  failure to prevent suspected money laundering.
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A pharming attack that targeted online banking customers in the U.S., Europe and Asia-Pacific has been shut down.
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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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China said Friday it had shut down several firms at the heart of food and drug safety scares, its latest move to clean up those industries and salvage its reputation as a reliable exporter.
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Commerzbank, stung by its foray into the volatile world of proprietary trading, announced Tuesday that it would shut the bulk of its investment banking operations outside Germany.
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Citigroup Inc. said Monday it will close down its trust banking unit in Japan within a year, after Japanese authorities ordered the US financial services giant to suspend its private banking business.
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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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TOKYO/NEW YORK, SEPTEMBER 17: Japan on Friday ordered Citigroup Inc. to close its Japanese private banking offices after uncovering a series of problems, including failing to prevent suspected money laundering.
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Its powerful investment banking train's been halted by credit market meltdown.
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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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NEW YORK -- Citigroup Inc.. the financial services giant, confirmed on Wednesday that it was removing three senior executives in the wake of a banking scandal in Japan.
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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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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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Regulators ordered Citigroup to close its Japanese private banking operations because of serious violations of the country's banking laws.