Citigroup Inc.

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  Banks pay New York state $25 million for alleged foreclosure abuses

  By Alanna Byrne  |  March 14, 2012

  A month after reaching a record $25 billion foreclosure settlement with U.S. mortgage lenders, several states are ready to collect. Today it’s New York, which will collect $25 million from five major banks over their alleged abuse of the Mortgage Electronic Registration System (MERS).

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  JPMorgan settles mortgage suit

  By Cathleen Flahardy  |  March 13, 2012

  JPMorgan Chase & Co. has reached a $45 million agreement with the federal government to settle claims the financial giant charged veterans hidden fees in mortgage refinancing transactions.

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  Lehman Brothers sues to recover $2.5 billion from Citigroup

  By Julie Beck  |  February 10, 2012

  Four years after the infamous downfall of Lehman Brothers Holdings Inc., the former Wall Street giant is suing Citigroup Inc. for $2.5 billion

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  Antitrust case against Citigroup and Discover moves forward

  By Ashley Post  |  February 9, 2012

  Yesterday, a federal judge told Citigroup Inc. and Discover Financial Services they aren’t off the hook as defendants in a decade-old nationwide antitrust lawsuit.

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  Mortgage and foreclosure costs reach $72 billion

  By Julie Beck  |  February 8, 2012

  The economic drain of faulty mortgages has yet to cease, even as the country’s largest banks come closer to reaching a settlement in the 50-state review of foreclosures.

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  Rejected Citigroup settlement didn’t need to be “in the public interest,” SEC says

  By Ashley Post  |  January 26, 2012

  The Securities and Exchange Commission (SEC) took issue this past November with Manhattan District Judge Jed Rakoff’s rejection of a $285 million settlement between the agency and Citigroup Inc. Yesterday, it again expressed its dissatisfaction with Judge Rakoff’s decision.

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  Kodak files for bankruptcy protection

  By Alex Vorro  |  January 19, 2012

  Rumors have swirled for months now about the fate of Eastman Kodak Co. Perhaps there was some optimism that the company might stave off bankruptcy when it announced a leadership shakeup that saw its GC, Laura Quatela, promoted to president but, alas, it didn’t pan out. This morning, Kodak officially...

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  Kodak prepares for bankruptcy

  By Ashley Post  |  January 5, 2012

  Nearly two weeks after Eastman Kodak Co. announced a major change in leadership, rumors are circulating that the 131-year-old photography company is preparing to file for bankruptcy in the next few weeks.

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  20 top news stories of 2011

  By Danielle Feinstein, Cathleen Flahardy, Shirley Li, Ashley Post, Mary Swanton, Alex Vorro  |  December 1, 2011

  A slideshow of the events, people and stories that affected the in-house bar this year.

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  Former Citigroup manager on trial for stealing $5 million from clients

  By Shirley Li  |  November 9, 2011

  A former senior executive at Citigroup Inc. Indonesia allegedly stole more than $5 million from her clients. Prosecutors claim Inong Malinda Dee forged signatures and had clients sign blank transfer forms.