US Judge Approves SAC Settlement With a Caveat
A U.S. district judge says SAC should pay $602 million to settle an insider-trading lawsuit brought by the Securities and Exchange Commission, but only once a higher court rules on a separate case against Citigroup.
Analysis: Citi reaps profits from hiring rainmakers 2-3 years ago
NEW YORK - In the summer of 2010, senior executives at Citigroup Inc told the board of directors the bank needed to hire more dealmakers to have any chance of snagging underwriting assignments and rich takeover advisory fees.
Found 1 month ago on channel Reuters
Citi's Profit Soars as Shift Pays Off
Citigroup escaped the mortgage slowdown hitting some rivals thanks to its smaller presence in the U.S. market for home loans and a newfound zeal for curbing expenses. Net income jumped 30%.
Financial Stocks: Citigroup cuts loan loss provisions
Citigroup Inc. could finally be buying into a housing recovery in the U.S., as the bank announced it will set aside less money to cover possible losses on loans, say analysts.
Video: Citigroup earnings up 30 percent in first quarter
Citigroup says its first quarter profits rose 30 percent, beating what analysts had expected. Also, Satellite TV giant DISH Network is looking to acquire the third largest U.S. wireless firm. Erica Ferrari reports.
Found 1 month ago on channel CBS