citigroup

  • Citigroup settlement with SEC rejected

    A federal judge challenged a decades-old practice of the Securities and Exchange Commission (SEC) Monday, by rejecting a $285 million settlement between the SEC and Citigroup.

  • 7 banks targeted over MF Global collapse

    Ripples from the collapse of MF Global are reaching the courtroom, as investors begin the effort to recover their money. A pair of pension funds filed a lawsuit Friday against seven banks that helped the futures brokerage sell bonds, claiming the bonds’ offering prospectuses hid significant problems.

  • SEC to vote on $200 million to $300 million Citigroup settlement

    The Securities and Exchange Commission (SEC) will vote this morning on Citigroup Inc.’s proposed agreement to pay between $200 million and $300 million to settle fraud charges associated with its sale of a $1 billion mortgage-bond deal that was backed by subprime mortgages.

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