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Ex-Citigroup rep fined — $500 — in ‘squawk box’ case
Former Citigroup Inc. stockbroker Ralph Casbarro was fined $500 and received no prison sentence or probation for his involvement in a scheme to let day traders eavesdrop on internal conversations over brokers' “squawk boxes.”
Citigroup to triple hedge fund offerings for wealthy clients
Citigroup Inc.'s private bank will triple the number of hedge funds such as Paulson & Co. that its wealthy clients can invest in, under a push to increase money-management revenue.
Major U.S. bank cutting fees on checking accounts
Citigroup Inc. will halve the minimum balance on checking accounts with the highest level of service, in a push to get more customers to use the bank for their primary accounts.
Squawk box brokers lose retrial bid on new evidence
A former broker at Merrill Lynch & Co. and Citigroup Inc. lost a bid to throw out his conviction for selling access to his brokerages' internal “squawk boxes” after arguing prosecutors hid evidence of his innocence.
War over Wachovia: Wells Fargo pays Citi $100M in settlement
Wells Fargo & Co. agreed to pay Citigroup Inc. $100 million to settle claims that the San Francisco-based bank improperly won bidding to acquire Wachovia Corp. during the financial crisis.
Citigroup: Financial bill will make largest banks bigger
New rules will make it tougher for smaller financial-services companies to compete.
Citi continues to purge U.S. Trust advisers
Citi Private Bank, the private-banking unit of Citigroup Inc., continues its aggressive recruiting from U.S. Trust and has now lured a total of 10 bankers from the Bank of America unit since the end of April.
Larry Hagman’s star broker would make J.R. blush: Antilla
The actor's adviser, Lisa Detanna, was named one of the 'Top 100 Women Financial Advisors' by Barron's. She's also been named in several arbitration cases and lawsuits.
Citigroup readies RIA referral program
Citi Personal Wealth Management, the last vestige of retail brokerage at Citigroup Inc. following its spinoff of Smith Barney last June, plans to launch its long-awaited referral program to outside registered investment advisers this summer.
BNY Mellon prices $700M stock offering
Bank of New York Mellon Corp. on Friday priced an offering of $700 million of its common stock.
Citi reels in more talent from U.S. Trust
For the third time this week, Citi said that it has signed talent from U.S. Trust Bank of America Private Wealth Management, the wealth management arm of Bank of America Corp.
Goldman rivals: SEC hasn’t queried us on CDO deals
The Securities and Exchange Commission hasn't contacted Citigroup Inc. or Morgan Stanley about their sales of collateralized debt obligations or other securitized vehicles in the wake of its charges that The Goldman Sachs Group Inc. engaged in fraud in the sale of such securities, according to executives at the two firms.
Ex-broker hits Citi with suit over its bid to claw back signing-bonus loan
Citigroup Inc. has been smacked with a suit from a former broker who is trying to stop the New York-based banking behemoth from clawing back the remainder of a signing bonus he owes for leaving the firm in 2006.
Citi still going after brokers for ‘meritless’ suit over bonuses
After winning dismissal of a class action claim brought by six former Smith Barney brokers last month, Citigroup is vowing to go after the brokers for legal fees.
Citi to spin off Primerica
'Amway' of financial services to go public in deal valued at around $236M
Citi exec William R. Rhodes to retire
After 53 years with Citigroup, the senior vice chairman steps down from his position to serve the company as a senior adviser.
<b>Images of the day:</b> Wall Street execs grilled on the Hill
Robert Rubin, a senior adviser to Citigroup Inc. at the time of its deep losses from subprime mortgages, and former CEO Charles Prince said they learned belatedly that Citi had $43 billion in high-risk securities on its books.
Smith Barney, Raymond James victorious in auction rate cases
Citi Smith Barney and Raymond James Financial Services Inc. have won major arbitration claims involving institutional and individual clients seeking tens of millions of dollars in restitution for the purchase of auction rate securities.
Citi stock price slump does what bank couldn’t: muzzle activist investor
For Citigroup Inc., there's an unexpected silver lining to the steep decline in its stock price: It allows the bank to ignore a small shareholder agitating for changes in how it does business.
