Banks did not do enough to police FIFA transactions, says global agency
Banks did not do enough to police FIFA transactions, says global agency

A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer’s global governing body FIFA, and cautioned banks to step up scrutiny.

LA Clippers `will have new owners`

The man drafted by the NBA to oversee the Los Angeles Clippers after Donald Sterling`s lifetime ban in a racism row said Monday he thinks the team will have new owners.

Clippers owner Sterling says he`s sorry for racist remarks

Los Angeles Clippers owner Donald Sterling has offered his first public apology for racist remarks that saw him banned for life from the NBA.

Ex-Time Warner boss Parsons takes over Clippers

Richard Parsons, the former chairman of media giant Time Warner and Citigroup, was named Friday as the interim chief executive of the Los Angeles Clippers following a racism firestorm.

Global financial biggies catch India poll fever

These firms also include Bank of America Merrill Lynch, Nomura, Barclays, UBS, CLSA, BNP Paribas, RBS, Deutsche Bank, Credit Suisse, Morgan Stanley and JP Morgan.

Perfect Fit

As the season of placement continues, Prachi Rege gives you a lowdown on the hiring trends

Citi posts $7.6 bn loss in Q4 `09; sees `enormous` progress

Banking behemoth Citigroup has
reported a loss of USD 7.6 billion for the three months ended
December 2009, mainly on account of expenses related to
repayment of bailout funds.

Saudi prince to Pandit: Restore Citi`s stature

Saudi Prince Al-Waleed Bin Talal, who is a major investor in Citigroup, says he has told the banking giant`s Indian American CEO Vikram Pandit that it`s time for him to restore the bank`s stature.

Saudi billionaire eyes new links with News Corp

The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch`s News Corp. said he is looking to expand his alliances with the media giant.

Citi sells shares worth Rs 971 cr in Indian cos in 2 days

Continuing its selling spree for the second day on Thursday, foreign fund house Citigroup Global sold shares worth over Rs 491 crore in about 36 Indian companies, taking the total share sale to Rs 971 crore.

Citigroup sells shares worth Rs.480 cr of 35 Indian firms

Foreign fund house Citigroup Global has sold shares valued over Rs 480 crore of 35 Indian companies, including bluechips like Reliance Industries, Wipro and Infosys.

Citigroup raises India GDP estimates

The Indian economy may grow at 7 percent in the current financial year backed by buoyant industry growth combined with an upside in agriculture output, Citigroup said, raising its estimate from 6.2 percent.

Citigroup repays $20 billion to US

Citigroup Inc repaid USD 20 bn to the US, as the bank works to reduce govt involvement in its compensation practices.

FBI probes computer security breach targeting Citigroup

FBI is probing a computer-
security breach targeting Citibank that resulted in a theft of
tens of millions of dollars by hackers who appear linked to a
Russian cyber gang, according to a media report.

Citi to raise $20 bn to pay back US government

Citigroup intends to raise $20.5 billion in the stock market as part of its plan to repay bailout money and free itself from government restrictions.

Citigroup, Wells Fargo repay govt bailout funds

The last two major national banks are returning USD 45 billion in aid to taxpayers, marking the latest step toward recovery for the US financial system.

Kuwait Finance Minister says no dispute with Citi: Report

Kuwait`s sale of its stake in Citigroup earlier this month was not due to a dispute with the US bank, the Gulf Arab state`s Finance Minister said in published remarks on Sunday.

Citigroup in talks for USD 15 bn equity offering: Report

Global financial services firm
Citigroup is in advanced talks with regulators over its plans
to raise more than USD 15 billion through an equity offering,
a media report says.

Kuwait sells Citigroup stake for $4.1 billion

Kuwait`s sovereign wealth fund said Sunday it booked a profit of USD 1.1 billion by selling the stake it took in Citigroup Inc less than two years ago when the banking giant was strapped for cash.

Citigroup sells Diners Club North America cards biz

Citigroup on Tuesday said it is selling its Diners Club North
America card business to BMO Financial Group, as part of its
strategy to sell its non-core businesses and generate long
term profits.