Days after being rebuked by shareholders, Citigroup Inc (C.N) Chief Executive Vikram Pandit and the bank's directors have been sued by a shareholder accusing them of awarding outsized pay to top executives.
Citigroup Inc. shareholders rejected its executive pay plan, a first among the six largest U.S. banks, amid criticism it lets Chief Executive Officer Vikram Pandit collect millions of dollars in rewards too easily.
The Comptroller of the Currency, which regulates national banks, said on Thursday that Citigroup Inc's Citibank had fallen short in establishing and maintaining programs meant to identify money laundering and other improper flows of money.
Among the Citigroup Inc. bankers gathered in Hong Kong on Aug. 11, 2006, with the mayor of the northeastern Chinese city of Tieling to discuss investments in an industrial park was the son of a powerful China princeling.
Richard Parsons, speaking two days after ending his 16-year tenure on the board of Citigroup Inc. and a predecessor, said the financial crisis was partly caused by a regulatory change that permitted the company's creation.
Citigroup Inc. (NYSE:C) released its earnings earlier today for the first quarter of 2012. The firms earnings were down below what analysts had expected, at $0.95 versus forecast $1.01, but the market's response to the release has been a positive one.
Citigroup Inc.'s Singapore unit was countersued by Raghavendran Rajaraman, who claimed the bank breached an agreement by prematurely selling his gold assets held as collateral and closing his trading account.
NEW YORK— Citigroup Inc. C 2.35 % said it hired Rohan Weerasinghe as general counsel to succeed Michael Helfer. Mr. Helfer, 67 years old, was general counsel for nine years during which time Citi went through major changes including receiving $45 ...