News on Citigroup Inc.

Congressional Staffers Show Investing Savvy

2010-11-02T12:27:33Z

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Financial Reform Provision Would Break Up 9 Biggest Banks, Affect All Primary Dealers

2010-10-27T06:32:59Z

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Senators may start financial reform debate late April

2010-06-26T03:31:31Z

WASHINGTON (Reuters) - The U.S. Senate may begin formal debate on a controversial financial reform bill the third week in April, industry and congressional sources said on Friday.

Democrats on the Senate Banking Co...

Stimulus Now

2010-10-22T11:47:32Z

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U.S. charges accomplice of Democratic fund-raiser

2010-04-16T10:08:09Z

NEW YORK (Reuters) - Many of the fake documents used by a leading Democratic Party fund-raiser to defraud HSBC and Citigroup Inc were made by his brother-in-law, U.S. p...

Democratic fund-raiser pleads not guilty to fraud

2010-04-16T10:10:33Z

NEW YORK (Reuters) - A leading Democratic Party fund-raiser pleaded not guilty on Wednesday to charges of defrauding Bank of America, HSBC and C...

Obama fund-raiser faces new U.S. fraud allegation

2010-06-12T16:22:23Z

NEW YORK (Reuters) - A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last week with defrauding Citigroup Inc also defrauded other banks, <...

Democratic backer 'faked' graft repayment: prosecutor

2010-06-12T16:22:23Z

A prominent Democratic fundraiser charged with defrauding Citibank to the tune of 74 million dollars and quickly returning his ill-gotten gains, engaged in yet another fraud to do so, prosecutors said Wednesday.

New York financier Hassan Nemazee was charged August 25 with using fake documents to secure a 74 million dollar loan from Citibank.

At the time, the...

Top Democratic Donor Charged In $74 Million Bank Fraud

2010-10-22T07:44:57Z

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Democratic fund-raiser charged in Citigroup fraud

2010-06-12T16:22:25Z

NEW YORK (Reuters) - A major fund-raiser for Barack Obama, Hillary Clinton and other Democrats was charged by federal prosecutors in New York in connection with a scheme to defraud

Citi trader exempt from czar's oversight: source

2010-06-25T21:06:23Z

NEW YORK/WASHINGTON (Reuters) - Citigroup Inc's contract with an energy trader who may be owed up to $100 million in compensation this year is exempt from rulings by the Obama administration's pay czar, a source close to the bank said on Wednesday.

While pay czar US Treasury chief Robert Rubin will step down from his special advisory role to banking giant Citigroup, the struggling bank said Friday.

Rubin resigned his post as a "senior counselor" immediately "and has decided not to stand for re-election as a director at Citi's a...

Citigroup backs Congress plan on home loans: lawmakers

2010-12-14T07:36:49Z

Congressional leaders said Thursday they have reached agreement with Citigroup on legislation to provide relief to cash-strapped homeowners at risk of losing their homes.

Lawmakers want to include the legislation, which would allow bankruptcy judges to alter home loans to prevent foreclosures, in US president-elect Timothy Geithner, who Monday was named Treasury chief by US president-elect Barack Obama, was involved in talks to craft a rescue deal for embattled banking giant Citigroup, the White House sa...

Wall Street

2010-12-07T23:00:16Z

Specialist Patrick Murphy, foreground left, directs trading in shares of Citigroup at the close of trading on the floor of the New York Stock Exchange, Tuesday, Dec. 7, 2010. (AP Photo/Richard Drew)

Earns Citigroup

2010-04-19T05:46:18Z

In this April 13, 2010 photo, a branch of Citibank in New York, is shown. Citigroup Inc. has provided more evidence that the nation's big banks may have turned a corner, reporting a surprise first-quarter profit Monday, April 19, as trading revenue offset losses from failed loans. (AP Photo/Richard Drew)

Meltdown Investigation

2010-06-12T21:02:24Z

Robert Rubin, seated at table at right, a former U.S. Treasury secretary who was a senior adviser and chairman of Citigroup during the mortgage and financial crises, and former Citi CEO Charles Prince, seated at table second from ...

APTOPIX Meltdown Investigation

2010-06-12T21:02:21Z

Former Treasury Secretary Robert Rubin, who was a senior adviser and chairman of Citigroup during the mortgage and financial crises, right, and former Citi Chief Executive Officer Charles Prince, prepare to testify on Capitol Hill in William R. Rhodes, Senior Vice-Chairman, Citigroup, USA, listens to comments during a US-China panel at the World Economic Forum in