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 ...