Sources: AP
American bank Citigroup says that the flash crash that affected several European stock markets yesterday was caused by an error from one of its traders. 2022-05-3
A foreign exchange trader, Rohan Ramchandani, has filed a lawsuit against Citigroup. Ramchandani won acquittal last year after criminal charges of market manipulation. He claims that the charges were instigated by his former employer in order to mitigate the regulatory consequences for its own misbehavior. 2019-10-2
German tax authorities are investigating Citigroup over its use of a "dividend stripping" strategy, which allowed both the buyer and seller of a stock to claim the tax credits. 2016-03-22
Fannie Mae files a lawsuit for $800 million against nine different banks, including Citigroup and Bank of America, for manipulating the Libor benchmark interest rate. 2013-11-1
For $8.5 billion, ten banks settle to stop mortgage foreclosure process audits. The United States government regulators had been engaged in a loan-by-loan review of home loan practices during the Great Recession. Bank of America, Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, MetLife Bank, Aurora Bank FSB, PNC Financial Services Group Inc, Sovereign Bank NA, SunTrust Banks Inc, and U.S. Bancorp settle with regulators to pay out cash up to $125,000 to homeowners whose homes were being foreclosed when the paperwork problems emerged. Further, Bank of America agrees to pay $11.6 billion to government mortgage finance company Fannie Mae. 2013-01-7
Moody's downgrades the credit rating of 15 major world banks: UK (The Royal Bank of Scotland, Barclays and HSBC), US (Bank of America, Citigroup, Goldman Sachs and JPMorgan), Rest of world (Credit Suisse, UBS, BNP Paribas, Crédit Agricole, Société Générale, Deutsche Bank, Royal Bank of Canada and Morgan Stanley). 2012-06-21
Most of the largest financial institutions in the United States pass a Federal Reserve System stress test although Citigroup, MetLife, Ally Financial and SunTrust do not. 2012-03-13
Jed S. Rakoff, a judge at the U.S. District Court in Manhattan, denies approval to a settlement agreement between the Securities and Exchange Commission and the investment bank Citigroup, which the SEC has charged with deceiving investors about the conditions under which a certain portfolio's investments had been chosen. 2011-11-28
The "Financial Times" reports that computer hackers may have gained access to details of Citigroup bank card customer details. 2011-06-9
A United States jury rules that Citigroup did not mislead Terra Firma Capital Partners in its bid for music group EMI. 2010-11-4