Monthly archive February, 2012
Mortgages: Citi pays USD 158 million to end prosecutions
The U.S. bank Citigroup will pay $ 158.3 million to the U.S. government to end the prosecution of charges of false statements about the quality of loans in order to obtain government guarantees. According to the text of the agreement out of court, but on Wednesday recorded Tuesday, the complainant, namely the United States of...
Warning Shot: Moody’s to Lower Rating for 114 European Banks
The rating agency Moody’s said Thursday it planned to lower short-term notes of 114 European banks, including those of industry giants, because of the crisis in the Euro area and the decrease in note of several states of the Old Continent. Moody’s placed “under review” the note of major French banks (BNP Paribas, Societe Generale,...
Societe Generale saw its profits fall by 39% in 2011
Societe Generale announced a 2011 net profit of 2.38 billion euros, down 39% compared to 2010, mainly due to losses recorded in bank financing and investment. The bank remains cautious for 2012. She expects a very volatile environment. Societe Generale said Thursday net income in 2011 of 2.38 billion euros, down 39% compared to 2010....
