Search Results for: Citi
Citigroup considers sale of Japan retail unit
August 20th, 2014
Citigroup Inc is considering the sale of its Japanese retail unit and has approached about 10 banks, according to a source, as the U.S. banking company struggles to turn around its Japanese operations. Citigroup’s move came as Japan’s banking ...
Judge Rakoff Says 2011 S.E.C. Deal With Citigroup Can Close
August 6th, 2014
The settlement that just wouldn’t settle — Citigroup’s 2011 deal with the Securities and Exchange Commission — has finally cleared its last hurdle. Judge Jed S. Rakoff of Federal District Court in Manhattan, who initially rejected the $285 million ...
Citibank offers five times leverage in FX for bank depositors
August 5th, 2014
Citigroup Hong Kong offers five times leverage to bank depositors to trade in FX. Citibank Foreign Currency Leveraged Investment can help investors increase their investment power by up to 5 times, enabling them to capture any upside potential on foreign ...
High & Low Finance: Citigroup’s Settlement, Pro and Con
July 18th, 2014
The punishment did not fit the crime, or at least it did not fit the crime that was charged. Citigroup’s $7 billion settlement of charges that it sold bad mortgage securitizations is a classic example of prosecutors striking a ...
Hedge-Fund Boutiques Show Dubai Nurturing Oasis Trading: Cities
July 16th, 2014
When Ahmad Zuaiter started a frontier-markets hedge fund, the former Soros Fund Management LLC money manager chose Dubai over New York and London. Zuaiter’s Jadara Capital Partners LP and VY Capital Management Co. Ltd. opened in the emirate in ...
Citigroup Said Poised to End Mortgage Probe With $7 Billion Deal
July 14th, 2014
Citigroup Inc. (C) and U.S. authorities will announce a $7 billion agreement as soon as today to end probes of the bank’s sales of mortgage-backed bonds, according to a person with direct knowledge of the matter. The deal, signed ...
Citigroup may pay $7 billion to resolve U.S. mortgage probes
July 9th, 2014
Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the ...
SFC resolves concerns over Citigroup’s algorithmic trading system
May 14th, 2014
The Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited (Citigroup) for its failure to ensure that certain securities orders executed through its algorithmic trading system between April 2009 and May 2010 would not cause undue ...
Cross border taxation of European citizens
April 10th, 2014
The European Commission has launched two public consultations and is creating an expert group to gather ideas on how to tackle any tax obstacles that hinder the cross-border activity of individuals in the single market At the same time, ...
The EU must place a greater emphasis on effective public financial management for the benefit of its citizens
April 8th, 2014
The European Court of Auditors will have an ever increasing role to play when it comes to the effectiveness of EU public financial management, says an EU auditor’s essay in a report from ACCA The European Court of Auditors ...
