Citigroup's Mexican unit under FBI scrutiny for alleged fraud

<i>Breakfast with Benjamin: </i>Citi under the FBI microscope. Plus: Using P/E ratios to dispel bubble theories, re-calculating the size of the nation's oil reserves, big banks and big overdraft fees, GM and political grandstanding, and it's always a good time to teach kids about money.

JUL 14, 2014

By Jeff Benjamin

Citigroup's faraway Mexican unit has gotten a little too close for comfort for the big bank, as the FBI and prosecutors press their investigation in a $400 million fraud case. Mounting government inquiries
If you want to believe the stock market is not in or near a bubble, just stay calm and focus on price-to-earnings ratios. We're still nowhere near the market peaks of 2000
It turns out, the math used to calculate the nation's oil reserves is more of a guesstimate than actual math. Oops. ”Long-term production may be overstated”
If you needed another reason to be upset with banks, you'll be pleased to know the average overdraft fee just hit $30, up from $29 last year, and $26 in 2009. Thanks, banks. Mighty big of you. Falling into rising fees
Unless the mainstream media stumbles upon a bigger distraction real soon, these GM hearings are going to get a lot of people on the bandwagon supporting more punishment for corporate fraud. Let the political grandstanding begin
Kids are never too old to learn how to use, and not use, money. Once you spend it, it's gone forever

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Citigroup's Mexican unit under FBI scrutiny for alleged fraud

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