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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

Portugal's treasury secretary Joaquim Pais Jorge resigns after media reports and opposition politicians questioned his previous role at Citigroup.
2013-08-7

A watchdog group releases a report that details write-downs of $19 billion on more than 168,000 properties by five United States banks. Under terms of a federal and state settlement of foreclosure-processing violations reached one year ago in March, Bank of America lost the most and had $13.5 billion in homeowner debts written off. The other banks are Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, and Ally Financial Inc. [http:--www.foxbusiness.com-news-2013-02-21-us-banks-write-down-1-billion-under-settlement-?intcmp=obnetwork (FoxBusiness)]date=July 2019
2013-02-21

The CEO of Citigroup, Vikram Pandit, announces his resignation from that post, and is immediately succeeded by Michael Corbat.
2012-10-16

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