Tag: Citigroup
Citigroup cuts global economic growth forecasts
itigroup United States investment bank Citigroup cut its growth forecasts for the world economy on Thursday, saying that risks of…
Citigroup selling its Japan retail bank business
Citigroup said Thursday it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of…
Citigroup to pay $7 bn to settle US mortgage suits
Citigroup said Monday that it will pay $7 billion to settle allegations that it misled investors in its sale of…
US demands $10 bn from Citi over mortgage bonds
The Justice Department has asked Citigroup for more than $10 billion to settle claims the bank misled investors on mortgage-backed…
Citi Group appoints Nigerian head sub-Saharan Africa
US banking giant Citigroup has appointed Ade Ayeyemi to head its Johannesburg-based sub-Saharan Africa division, the company said on Tuesday.…
Moody downgrades 15 top banks over losses
The health of 15 of the world’s largest financial institutions has been called into serious question after Moody’s downgraded their…