Forty-five states have reached a $100 million settlement with Citibank for allegedly manipulating U.S. Dollar (USD) LIBOR, an interest rate benchmark which has widespread effect on financial markets and consumers, Maryland Attorney General Brian E. Frosh’s office announced Friday. Governmental ...

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The Argentine government is warning Citibank that it could lose its license in the South American country if it follows the order of a U.S. judge. The Ministry of Economy said Friday that it has to process payments to bondholders ...

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How do you and your company deal with the attorney general's office in your state?

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NEW YORK — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer. Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons ...

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Want to close your bank account? It could cost you as much as $55. In a survey of the practices of the 10 largest banks in the country — including JPMorgan Chase, Bank of America, Citibank and Wells Fargo — ...

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WASHINGTON — The nation’s five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday. A draft settlement between the banks and U.S. states has been sent ...

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WASHINGTON — The largest U.S. banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday. The Federal Deposit Insurance Corp. voted to require banks with $50 billion or ...

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NEW YORK — Credit card rewards are the new social currency. Citibank customers can now use Facebook to pool their rewards points online. The bank on Tuesday launched a Facebook application that lets users team up to use their points, ...

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NEW YORK — SunTrust Banks Inc. said on Monday it will stop charging a $5-per-month fee for using debit cards and return the fees it’s collected since June to its customers. The Atlanta-based bank followed larger rivals like Chase and ...

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The Office of the Comptroller of the Currency issued cease-and-desist orders Wednesday against eight national mortgage bankers, including Bank of America, PNC and Wells Fargo, for “unsafe and unsound” practices dealing with residential mortgage foreclosures. The banks agreed to the ...

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