May 20, 2015 Five of the world's largest banks are being fined billions.
Stacey Vanek Smith
Jul 9, 2014 Citigroup is rumored to be close to a $7 billion settlement with the Justice Department. How does the DOJ set its fines?
Feb 4, 2013 Britain’s finance chief has delivered an ultimatum to the U.K.’s banks: Obey our new rules or we’ll break you up. Some analysts say the U.S. should follow the British example.
Dec 5, 2012 This morning Citi says that total is about to shrink -- 11,000 job cuts worldwide in the next year or two, some of them at least here in the U.S.
Nov 12, 2012 Citigroup has not come roaring out of the financial crisis like Goldman Sachs or JPMorgan Chase. Some analysts think the problems at Citigroup are inherent to the "one-stop-shopping" business model that Citigroup pioneered in the 1990s.
Oct 18, 2012 Yesterday, Vikram Pandit, the head of Citigroup, suddenly resigned saying it was time for new leadership. Pandit has been replaced by Michael Corbat, who was previously leading the bank's Europe, Middle East and Africa division.
Oct 16, 2012 A sudden change of leadership at Citigroup raises new questions about the future of the embattled banking giant.
Oct 16, 2012 Vikram Pandit is stepping down as CEO of Citigroup. He'll be replaced by Michael Corbat, who runs some of the banks overseas divisions.
Aug 30, 2012 Citigroup pays up for past deeds. Earlier this week, we learned the SEC is investigating Ally Financial for its own mortgage practices around that time.
Aug 30, 2012 Four years after the financial crisis, it's like the chickens of 2007 and 2008 are finally coming home to roost.