Citigroup says fourth-quarter profit dropped on legal costs

NEW YORK - Citigroup said Thursday that its fourth-quarter profit dropped 86 percent after incurring large legal and restructuring charges.The bank...

Federal Reserve bars Citigroup, 4 other big banks from raising dividends and buying back stock

WASHINGTON - Citigroup cannot raise its dividend or buy back...The Fed said that the capital plans of Citigroup fell short in some areas, including...health, he said in a statement.As with Citigroup, the Fed said it found deficiencies...

Federal appeals court says NY judge went too far in blocking $285M Citigroup settlement

...blocked a $285 million settlement between Citigroup Inc. and government regulators over...The settlement between the SEC and Citigroup came after the commission accused the...these standards." Both the SEC and Citigroup appealed.Rakoff criticized the deal...

Citigroup agrees to $7 billion settlement over mortgages

WASHINGTON - Citigroup agreed Monday to pay $7 billion to...settlement, which represents about half of Citigroup's $13.7 billion profit last year...the end of 2007. Banks, including Citigroup, minimized the risks of subprime mortgages...

Citigroup to exit 11 markets in restructuring

NEW YORK - Citigroup customers across Central America and...for a new place to bank next year.Citigroup said Tuesday that it will bow out of...it believes it can be competitive, Citigroup CEO Michael Corbat said in a statement...

Justice Department preparing to sue Citigroup

...to pay less than $4 billion to settle the investigation, a sum substantially less than what the department is demanding.Citigroup spokesman Mark Costiglio declined to comment Friday.The government has pursued other large banks for their conduct in sales...

Citigroup CEO Pandit and president resign in surprising shake-up

Vikram Pandit, who steered Citigroup through the 2008 financial crisis...The move shocked Wall Street, and Citigroup offered no explanation. There had...immediately by Michael Corbat, 52, a Citigroup lifer who had been CEO of its Europe...

Citigroup will buy Wachovia

NEW YORK --- Citigroup agreed Monday to buy Wachovia's banking...Insurance Fund. The deal greatly expands Citigroup's retail franchise -- giving it...Chase & Co. But it comes at a cost: Citigroup Inc. said it will slash its quarterly...

Citigroup president to leave as Citibank, Smith Barney integrated

NEW YORK -- Citigroup president Jamie Dimon is leaving in...biggest financial services company. Citigroup will integrate the corporate banking...said Sunday. The move does not involve Citigroup's consumer banking operations. Investors...

MetLife purchasing Travelers Life from Citigroup

...at least $11.5 billion from Citigroup Inc., the nation's largest...on the New York Stock Exchange. Citigroup shares advanced 74 cents, or 1...to $49.12 on the Big Board. Citigroup had retained Travelers Life & Annuity...