Monday 14 July 2014
 
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Citigroup

Citigroup names new Qatar chief executive

Citigroup has named Carmen Haddad as its new chief executive officer for Qatar, the US lender said on Monday. Haddad is currently head of Citi's private banking business in the Gulf and Egypt. He will continue in this role, as

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US finalising lawsuit against Citigroup

The US Justice Department is finalising a lawsuit against Citigroup over the bank's sale of residential mortgage-backed securities after negotiations to resolve the matter broke down. Two people with direct knowledge of the ma

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Citigroup's net income surges to $4.5bn

Citigroup posted better-than-expected quarterly income as losses on troubled assets narrowed, but revenue declined in many of its major businesses and operating expenses remained stubbornly high. First-quarter adjusted net income

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Court upholds Citi arbitration win in Adia case

A US appeals court has rejected the Abu Dhabi Investment Authority's (Adia) effort to void Citigroup's arbitration win in a dispute over a $7.5 billion investment in the bank less than a year before the 2008 financial crisis.

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Citi, Merill Lynch face US fraud charges

The Justice Department is preparing to file civil fraud charges against Citigroup and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with the pro

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Banks in tussle with Etisalat on $400m loan

International banks Standard Chartered and Citigroup have fallen out with Abu Dhabi-based telecoms firm Etisalat over $400 million which they lent to Etisalat's now defunct Indian affiliate, according to three banking sources familiar with t

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Citigroup results hit by bond trading slowdown

Citigroup posted weaker-than-expected third-quarter earnings on Tuesday as bond market trading volume dropped, hurting revenue at the No 3 US bank and across Wall Street. The bank's bond trading revenue dropped 26 per cent, or

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Citigroup Q2 profit increases 42pc

Citigroup posted a 42 per cent increase in quarterly profit, as stronger home prices reduced mortgage losses and bond trading revenue jumped, underscoring the bank's recovery since the financial crisis. Still, storm clouds lie

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Citi taps ME families to boost private bank

Citigroup Inc, one of the world's largest banks, is betting on wealthy Middle Eastern family firms who are in expansion mode to boost its private bank business, senior executives said. Citi's family office unit is part of

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Fed orders Citi to improve money laundering checks

  The Federal Reserve has ordered Citigroup to better police for the risk of money laundering, part of a broad US regulatory crackdown on the potential for illicit money flows.   The Fed told Citigr

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