Citigroup Inc
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Citi's $900 Million Mistake Happened In The Middle Of A Software Switch
For years Citigroup Inc. has been an anomaly among big banks, relying on an obscure piece of software it helped develop to manage loan payments. Just as the bank tried to replace it, things went terribly wrong.
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Citi Wired $900 Million In "Clerical Error", They Won't Hand Cash Back
Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman.
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Late to the Party, Global Banks Try to Muscle Into India's Start-Up Boom
Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.
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Citi unit lost $20 million in Facebook IPO - source
Citigroup's Automated Trading Desk had trading losses of about $20 million from Facebook's botched IPO on Nasdaq.
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Citi unit lost $20 million in Facebook IPO - source
Citigroup's Automated Trading Desk had trading losses of about $20 million from Facebook's botched IPO on Nasdaq.
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Citigroup gives CEO Vikram Pandit a big raise
Citigroup Inc. is giving its CEO a big raise.The New York-based bank is lifting Vikram Pandit's base salary to $1.75 million from just $1 a year effective immediately, according to a filing with the Securities and Exchange Commission on Friday. The announcement comes after Citi reported its first full year of profits since Pandit took over the top ...
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Citi's $900 Million Mistake Happened In The Middle Of A Software Switch
For years Citigroup Inc. has been an anomaly among big banks, relying on an obscure piece of software it helped develop to manage loan payments. Just as the bank tried to replace it, things went terribly wrong.
-
Citi Wired $900 Million In "Clerical Error", They Won't Hand Cash Back
Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman.
-
Late to the Party, Global Banks Try to Muscle Into India's Start-Up Boom
Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.
-
Citi unit lost $20 million in Facebook IPO - source
Citigroup's Automated Trading Desk had trading losses of about $20 million from Facebook's botched IPO on Nasdaq.
-
Citi unit lost $20 million in Facebook IPO - source
Citigroup's Automated Trading Desk had trading losses of about $20 million from Facebook's botched IPO on Nasdaq.
-
Citigroup gives CEO Vikram Pandit a big raise
Citigroup Inc. is giving its CEO a big raise.The New York-based bank is lifting Vikram Pandit's base salary to $1.75 million from just $1 a year effective immediately, according to a filing with the Securities and Exchange Commission on Friday. The announcement comes after Citi reported its first full year of profits since Pandit took over the top ...
