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
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
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
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