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.
Richard Parsons, speaking two days after ending his 16-year tenure on the board of Citigroup Inc. (C) and a predecessor, said the financial crisis was partly caused by a regulatory change that permitted the company's creation.
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.
Dubai picks banks for up to $1.5 billion bond. Tuesday, 24 April 2012. Dubai has selected HSBC Holdings, Citigroup Inc, Dubai Islamic Bank and National Bank of Abu Dhabi for a sovereign bond issue of up to $1.5 billion.
Large institutions including JPMorgan Chase & Co., Citigroup Inc., Sun Trust and Bank of America have introduced the technology to reduce the cost of handling paper cheques, which can include storage, labour and transportation costs, to name a few.
The bank said on Friday Tatsuo Tanaka, a senior executive at Mitsubishi UFJ Financial Group, will become chairman of Citigroup Japan Holdings as the bank overhauls its top management in Japan after being penalized three times in eight years for ...
Gary Crittenden, former chief financial officer of Citigroup Inc., will take Robert Gay's place as chief executive and managing partner of Huntsman Gay Global Capital, a private equity firm with offices in Salt Lake City, according to CNN.