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Citigroup Incorporated

A collection of news and information related to Citigroup Incorporated published by this site and its partners.

Top Citigroup Incorporated Articles

Displaying items 23-33
  • Hedge fund manager Cooperman says market gains will slow

    NEW YORK (Reuters) - Hedge fund manager Leon Cooperman, who has forecast that the Standard & Poor's 500 stock index will hit 2000 this year, cautioned on Wednesday that gains will be slower as the market is more fairly valued now. "The markets finally...
  • Has telecommuting blunted power of potential New York rail strike?

    NEW YORK (Reuters) - For decades, it's been the mightiest weapon in the transit union's arsenal, enough to cripple commerce and bring governments to their knees. But has the age of telecommuting taken the edge off the transit strike? "Technology has...
  • Legal costs sapped 2nd-quarter profit at Bank of America

    CHARLOTTE, N.C. Bank of America returned to profit in the second quarter, but earnings were down 43 percent from a year ago as legal costs continued to be a drag on earnings. Legal expenses, which have dogged the Charlotte bank since the financial...
  • Litigation costs hit Bank of America's quarterly profit

    Litigation costs hit Bank of America's quarterly profit
    (Reuters) - Bank of America Corp said second-quarter profit fell 43 percent, a bigger decline than analysts had expected, after the bank posted $4 billion of litigation expenses linked to mortgage disputes following the financial crisis. The expenses...
  • Nominate Lehigh Valley's Top Workplaces

    Nominate Lehigh Valley's Top Workplaces
    For the third year in a row, the Lehigh Valley's Top Workplaces will be identified via a survey conducted by The Morning Call and Philadelphia-area research company Workplace Dynamics ... Owners of Beck's Land & Sea House open a Bethlehem Township...
  • Citi to pay $7 billion to settle mortgage securities probe

    Citi to pay $7 billion to settle mortgage securities probe
    Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department....
  • California said to share in U.S. mortgage settlement with Citigroup

    California said to share in U.S. mortgage settlement with Citigroup
    California will share in the U.S. Justice Department's multibillion-dollar settlement with Citigroup Inc. over defective mortgage investments the Wall Street giant peddled during the housing boom, according to people briefed on the negotiations. New...
  • After Citigroup settlement, attention turns to Bank of America

    CHARLOTTE, N.C. Now that Citigroup has announced a $7 billion settlement with the government over mortgage bonds, attention shifts to a proposed resolution with Bank of America to end similar investigations. U.S. Attorney General Eric H. Holder Jr. has...
  • Citigroup to pay record fine in $7-billion mortgage settlement

    Citigroup Inc. will provide $7 billion in cash and consumer relief to settle federal and state investigations into the sale of defective mortgage investments during the subprime housing boom, the Wall Street giant and federal officials said Monday....
  • Citi settlement will recoup Illinois pension losses

    Illinois will receive $84 million as part of a national $7 billion settlement resolving allegations by federal and state authorities that Citigroup Inc. sold risky mortgage-backed securities that harmed investors, which included pension systems and...
  • With Citigroup paying up, will feds' attention now turn to BofA?

    With Citigroup paying up, will feds' attention now turn to BofA?
    With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp. The government has...