Quantcast

Tag Archives: citigroup

Citigroup pays $725,000 fine for analyst conflict

WASHINGTON — An industry regulator fined Citigroup Inc. $725,000 for not disclosing conflicts of interest in the bank’s research division. The Financial Industry Regulatory Authority said Wednesday that Citigroup Global Markets failed to disclose the conflicts in reports that it ...

Read More »

Bumpy earnings season ahead for banks

NEW YORK  — You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on ...

Read More »

U.S. proposes new, tougher rules for big banks

NEW YORK — The Federal Reserve on Tuesday said the largest U.S. banks and financial companies should hold extra cash on their balance sheets to cushion themselves against financial crises. The proposal by the chief U.S. banking regulator will affect ...

Read More »

Bank of America settles mortgage suit for $315M

NEW YORK— Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit. The settlement was disclosed in court papers filed late Monday in U.S. ...

Read More »

Judge rejects $285M SEC-Citigroup agreement

NEW YORK — A federal judge on Monday struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, saying he couldn’t tell whether the deal was fair and criticizing regulators for shielding the public from ...

Read More »

FDIC: Bank earnings hit highest level in 4 years

WASHINGTON — Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, federal regulators reported Tuesday. The Federal Deposit Insurance Corp. said the ...

Read More »

Citigroup paying $285M to settle SEC fraud charges

WASHINGTON — Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was starting to collapse. The Securities and Exchange Commission said Wednesday that the ...

Read More »