Updated 8:47 AM EST, Fri, Mar 05, 2021

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Citigroup Preparing For Looming Credit Defaults Due To Quarterly Profits Decline

US investment bank Citigroup Inc reported a 46 percent decrease in its first-quarter profits on Wednesday.

Citigroup Sells China Guangfa Bank Stake

Citi Sells Stake in China Guangfa Bank for US$3bn

Citigroup, an American multinational investment banking and financial services corporation, has sold its 20 percent stake in China Guangfa Bank for US$3 billion, joining a list of western banks that have pulled out from investments in China's banking sector.

Shawn Miller

Police Hunt For Man Last Seen With Dead Executive

Police officials are said to be looking for a man who was last seen with the Citigroup executive found dead. The victim had been slit on his throat while lying in his tub at his condominium in Financial district located in Manhattan, New York on Wednesday.


Seven U.S. Blue Chips Pay More to CEOs than They Pay in Taxes

The companies cited were quick to point out that whatever their salary policies were, they still were in line with with law and paid the IRS what they owed.

Sen. Elizabeth Warren

Warren Criticizes Washington’s Revolving Door, Weiner Dismissal And Cantor’s Wall Street Post

Sen. Elizabeth Warren reiterated her stance against the revolving door between Washington and Wall Street days after former Democratic Congressman Anthony Weiner dismissed her concerns as petty and overblown.

Citigroup sign

Citigroup Unit Settles SEC Charges with US$5 Million Penalty

The charges against LavaFlow Inc. stem from SEC claims that the company failed to protect confidential subscriber information.

Citigroup to Provide US$180 Million Affordable Rental Housing Financing as Part of US$7 Billion Settlement

The US Attorney General announced that Citigroup has agreed to pay USD7 billion to settle a federal inquiry for its role in the sale of risky mortgage-based securities that led to the financial crisis and vowed to provide financing of up to US$180 million to build affordable rental housing.

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