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Citigroup reports fraud in Mexico unit, lowers 2013 results

Last Updated: Saturday, March 01, 2014, 10:26

Citigroup Inc said on Friday that it has discovered at least USD 400 million in fraudulent loans in its Mexico subsidiary and said employees may have been in on the crime.

Vikram Pandit's successor Corbat to take home $1.5mn base pay

Last Updated: Wednesday, October 17, 2012, 19:24

However, Citi, which under Pandit's stewardship returned to profitability, is yet to disclose details of severance package for the former India-born chief executive.

Vikram Pandit forced out as Citigroup chief: Reports

Last Updated: Wednesday, October 17, 2012, 14:39

According to media reports, Pandit's exit came in the wake of differences with the board.