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Tuesday, March 20, 2018

Citigroup Becomes Its Own Self-Serving Lawmaker

It’s easy to dodge government regulation when you write the laws yourself.

December 24, 2014

Citigroup To Pay $7 Billion To Settle Subprime Mortgage Investigations

New York (AFP) – Citigroup will pay $7 billion to settle claims it misled investors about mortgage-linked securities ahead of the financial crisis in the latest U.S. crackdown on a banking giant, officials said Monday. U.S. Attorney General Eric Holder, calling Citi’s conduct “egregious,” said the investigations showed the bank concealed defects in loans, misrepresented […]

July 14, 2014

Mexico Arrests Entrepreneur In Fraud Case Linked To Citibank, Pemex

By Tracy Wilkinson, Los Angeles Times MEXICO CITY — The Mexican government on Thursday announced the arrest of a wealthy entrepreneur who is accused of a multimillion-dollar fraud involving Citibank and the giant Mexican oil monopoly. Amado Yanez Osuna was placed under arrest and will be charged with fraud, the federal attorney general’s office said in […]

May 29, 2014

U.S. Suit Alleges 12 Banks Colluded In Huge Forex Market

New York (AFP) — A dozen banking giants have been sued in New York for allegedly fixing global foreign exchange rates in the latest ripple to accompany government probes of the huge market. The defendants in the class-action lawsuit, which include BNP Paribas and JPMorgan Chase, shared confidential information during private online chat sessions to […]

April 1, 2014