Posts tagged "CitiGroup"
Barclays Plans to Leave UAE’s Interbank Lending Panel
ABU DHABI – British bank Barclays plans to abandon its place in the rate-setting panel for interbank lending in United Arab Emirates (UAE) because of their involvement in the scandal involving the Libor rate in Britain. The bank belongs to a panel of 12 banks set interest rates on interbank lending fees in UAE dirhams....
Euro Loses Strength Against the Dollar
NEW YORK – The Euro fell to a two-year slump against the dollar during the day on Wednesday, after the minutes of the meeting of the Federal Reserve (Fed) last May were released. It showed that there were imminent new bond purchases by the Fed, and that could be done only if the U.S....
Citigroup Loses $20 Million on Facebook
A unit of Citigroup posted losses of about $ 20 million for operations in the failed Facebook IPO on the Nasdaq, said Friday by a source within the company who has knowledge of the situation. Losses of Automated Trading Desk unit joined those reported by Knight Capital Group Inc. and Citadel Securities, which held...
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...
