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What's in a settlement?

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?
Posted In: Citigroup, fraud, Department of Justice

Citigroup announces 11,000 layoffs

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.
Posted In: Citigroup, layoffs, Banks

Allan Sloan: Is Citigroup 'too big to succeed'?

Oct 22, 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.
Posted In: Citigroup, bank reform

Michael Corbat selected to lead Citigroup

Oct 17, 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 Pandit has been replaced by Michael Corbat, who was previously leading the bank's Europe, Middle East and Africa division.
Posted In: Citigroup, Vikram Pandit, Michael Corbat

Citigroup names new CEO in abrupt switch

Oct 16, 2012
A sudden change of leadership at Citigroup raises new questions about the future of the embattled banking giant.
Posted In: Citigroup, Vikram Pandit, Mike O'Neill

Vikram Pandit steps down from Citigroup

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.
Posted In: Citigroup

PODCAST: Citigroup settles lawsuit, consumer spending rises

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.
Posted In: Citigroup, GOP, Angela Merkel

Citigroup settles shareholder lawsuit for almost $600 million

Aug 30, 2012
Four years after the financial crisis, it's like the chickens of 2007 and 2008 are finally coming home to roost.
Posted In: Citigroup, lawsuit, financial crisis

The problems with big banking, from back in the '90s

Jul 30, 2012
Last week we spent plenty of breath on Sandy Weill, the former head of Citigroup. Back in the '90s, he fought for his and other banks to grow huge and complex. Then last week Weill goes on TV and says: "It's time to break up the big banks."
Posted In: Sandy Weill, Banks, Citigroup

Father of big banking Sandy Weill changes tune

Jul 26, 2012
Sandy Weill, who engineered Citigroup and the creation of megabanks, says big banks should be split up. Will the debate now gain traction?
Posted In: Citigroup, Sandy Weill, Banks

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