World's biggest FX trader calls Trump currency talk hogwash

Feb 10, 2017

World's biggest FX trader calls Trump currency talk hogwash

Hogwash. Hot air. That’s what Willem Buiter, chief economist at Citigroup Inc., makes of the Trump administration’s comments on exchange rates. The world’s largest foreign-exchange trading firm sees the dollar rising this year even as the president talks the greenback down and blasts some ...

Dec 12, 2016

Citigroup currency trader settles Tokyo wrongful-dismissal case

A Citigroup Inc. currency trader in Tokyo who sued the U.S. bank after it fired him for allegedly trying to manipulate foreign-exchange rates has settled the case. The wrongful-dismissal lawsuit was withdrawn on Nov. 2 after the court-mediated settlement, according to Tokyo District Court ...

Citigroup touts global network to investors

Jun 6, 2016

Citigroup touts global network to investors

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Despite its withdrawal from Japanese retail banking more than a year ago, Citigroup sees good prospects for companies seeking business opportunities abroad and investors interested in global markets, the head of its Japan operations said. “All of the trends that you see in corporate ...

Apr 6, 2015

SMBC Trust to absorb Citi's retail business in Japan on Nov. 1

Sumitomo Mitsui Banking Corp. said Monday that subsidiary SMBC Trust Bank will absorb Citigroup Inc.’s consumer banking business in Japan on Nov. 1. SMBC had previously said SMBC Trust Bank would complete the consolidation with Citibank Japan Ltd.’s retail operations in October, but it ...

Oct 9, 2014

Several U.S. banks attacked by hackers who hit Chase

Several U.S. financial institutions were targeted by the same computer hackers who breached the systems of JPMorgan Chase earlier this year, sources said Wednesday. While the location of the hackers was not clear, the sources told AFP that numerous intrusion attempts were made at ...

Jul 15, 2014

Citigroup to pay $7 billion in subprime mortgages probe

Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said “shattered lives” and contributed to the worst financial crisis in decades. The settlement ...