Search Results for: Citigroup Inc
Ex-Barclays traders jailed over Libor rigging
July 8th, 2016
A London court has sentenced four former Barclays traders to prison. They were found guilty of Libor manipulation between 2005 and 2007. Jay Merchant received six-and-a-half years in prison, Jonathan Mathew and Peter Johnson were each jailed for four ...
Citi Announces Sale of Prepaid Card Services to Wirecard
June 30th, 2016
Citigroup today announced that it has reached a definitive agreement to sell its institutional Prepaid Card Services to Wirecard AG. The operations of Prepaid Card Services, including its approximately 120 employees, will be transferred to Wirecard upon closing. Francesco ...
Asian shares rise, dollar nurses losses after jobs shock
June 6th, 2016
Asian shares rose on Monday and the dollar dragged itself off its lowest levels in nearly a month after U.S. nonfarm payrolls showed the slowest job growth in more than five years, quashing expectations for a near-term U.S. interest ...
$175 Million Penalty for Citibank
May 26th, 2016
CFTC Orders Citibank, N.A. and Japanese Affiliates to Pay $175 Million Penalty for Attempted Manipulation of Yen LIBOR and Euroyen TIBOR, and False Reporting of Euroyen TIBOR and U.S. Dollar LIBOR Citibank, N.A. Has Been Subject to Three CFTC ...
Deutsche Bank becomes latest currency dealer to lower its dollar forecast
May 13th, 2016
Deutsche Bank on Thursday became the latest major player in the global currency market to lower its expectations for the U.S. dollar. The call is a sign that Wall Street is coming around to the view that the Federal ...
Meet the new Saudi Arabia, nothing like the old Saudi Arabia
May 11th, 2016
After years of building a glut, the world’s oil industry by the end of this year is expected to stop overproducing more crude than the world can use. But analysts say one wild card in that equation is Saudi Arabia — ...
Bats Global Markets announces pricing of IPO at $19 per share
April 18th, 2016
Bats Global Markets, Inc. (“Bats”), a leading global operator of exchanges and services for financial markets, today announced the pricing of its initial public offering at a price to the public of $19.00 per share. The size of the ...
Goldman Sachs agreed to pay a $5 billion settlement for its role in 2008 financial crisis
April 14th, 2016
Goldman Sachs agreed to a $5 billion settlement payment Monday, marking yet another Wall Street giant that’s making up for its financial breaches through money — but whose executives have yet to face criminal charges for helping send the ...
Blockchain won’t kill banks: Brock Pierce
April 12th, 2016
Blockchain – the technology that underpins the cryptocurrency bitcoin – is unlikely to kill banks despite warnings from top industry executives, the chair of a bitcoin non-profit organization told CNBC on Monday. Last week, Andrey Sharov, a vice president ...
HSBC, RBS and Barclays plan to close 400 branches
April 7th, 2016
Three of Britain’s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank. The ...
