Citigroup says hackers accessed credit card data
HONG KONG — Citigroup Inc. said Thursday that hackers accessed the credit card information of North American customers, in an online security breach affecting about 200,000 accounts. The bank said it...
View ArticleJudge challenges $285M Citigroup settlement
NEW YORK — A federal judge in New York is casting doubt on the fairness of a $285 million settlement that Citigroup reached with the Securities and Exchange Commission. Judge Jed Rakoff in Manhattan...
View ArticleSecond Circuit ruling gives SEC-Citigroup deal new life
NEW YORK — The U.S. Court of Appeals for the Second Circuit said Thursday that a judge likely overstepped his authority when he blocked a $285 million settlement over toxic mortgage securities after...
View ArticleCitigroup agrees to pay $590M in shareholder suit
NEW YORK — Citigroup has agreed to pay $590 million to settle legal claims by shareholders that its executives misled them about the bank’s growing problems before the financial crisis. The bank denied...
View ArticleCitigroup to cut more than 11,000 jobs
NEW YORK — Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi’s workforce of 262,000. The bulk of the cuts,...
View ArticleCitigroup agrees to pay $968M to Fannie Mae
NEW YORK — Citigroup has agreed to pay $968 million to Fannie Mae to resolve potential future repurchase claims on residential mortgage loans originated between 2000 and 2012. A sizable group of the...
View ArticleCourt limits judge’s say over $285M Citigroup deal
NEW YORK — A judge overstepped his authority when he blocked a $285 million settlement between Citigroup Inc. and government regulators over toxic mortgage securities, a federal appeals court panel...
View ArticleCitigroup to pay $7B in subprime probe
WASHINGTON — Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric...
View ArticleBanks fined more than $5B
WASHINGTON — Four global banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the world’s currency market, the first time in more than two decades that major...
View ArticleCiti to refund $700M for deceptive card practices
NEW YORK — Citigroup will refund $700 million to consumers and will pay $70 million in fines for illegal and deceptive credit card practices, the bank and federal regulators said Tuesday. The order,...
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