Fox Business - The Power to Prosper
Search Site

Citigroup Inc.

Related Topics

  1. Morgan Stanley
  2. Goldman Sachs Group
  3. UBS
  4. Axel Weber
  5. JPMorgan Chase
  6. Credit Suisse
Get updates on Citigroup Inc.
UK charges ex-UBS trader Hayes in Libor investigation

Britain's fraud prosecutor on Tuesday charged former UBS and Citigroup trader Tom Hayes with eight counts of conspiracy to defraud as it laid the groundwork for what could be the first Libor trial.Hayes, 33, was arrested by London police and the Serious Fraud Office (SFO) last December as part of a global investigation, spanning North America, Europe and Japan, into the manipulation of benchmark interest rates.Libor, the London interbank offered rate, is a crucial benchmark affecting hundreds of trillions of dollars of mortgages and other loans worldwide.So far, U.S. and UK regulators have fined three banks, including Switzerland's UBS, a total $2.6 billion for their role in the scandal.The UK criminal charges will allow the SFO to stake a jurisdictional claim on Hayes, a Briton who has faced possible extradition since being charged by U.S. prosecutors last year.One day after his arrest on December 11, the U.S. Department of Justice lodged sealed charges of conspiracy, wire fraud and a...

Read More ›

  1. Financial Stocks Lead Late Equities Market Rally

    Financial stocks jumped on Thursday in a late day rally after a report the Federal Reserve will use its meeting next week to try to calm market fears the central ban...

  2. Safeway Soars on Huge Sale of Canadian Division

    Shares of Safeway (NYSE:SWY) rallied 10% Thursday morning after the supermarket chain revealed a lucrative deal worth a hefty $5.7 billion to unload its profitable C...

  3. Financial Stocks Up As Jobless Claims Drop

    Financial stocks were up on Thursday, after better-than-expected retail sales and jobless claims data lifted stocks in the sector. The Financial Select Sector SPDR F...

  4. RBS Shares Slump After Ousting CEO Hester

    Royal Bank of Scotland shares fell seven percent on Thursday after the surprise ousting of CEO Stephen Hester left investors questioning who would steer the part-nat...

  5. RBS shares sag 4 percent after CEO Hester goes

    Royal Bank of Scotland shares fell more than 4 percent on Thursday as investors said the surprise exit of Chief Executive Stephen Hester was a big loss and there was...

  6. American in Istanbul Reports on Changing Conditions

    American in Istanbul Steve Dorsey weighs in on conditions in Turkey and how it impacts investors.

  7. Morgan Stanley Sets 20% Wealth-management Target

    Morgan Stanley Chief Executive Officer James Gorman presented the firm's new wealth management pre-tax margin goal as 20% or more, in a presentation on Wednesday. Th...

  8. Market Wrap for Wednesday, June 12: Stock and Bond Markets Fall Mid-Week; Liquidity Concerns Remain a Focus

    The U.S. stock market fell on Wednesday for the third straight session as investors continued to mull the timeline for the Federal Reserve to ratchet down its stimul...

  9. JPMorgan Top Dog in Investment Banking in 1Q

    JPMorgan Chase kept its top spot for investment banking in the first quarter after bringing in $6.9 billion in revenues, putting it ahead of four rivals tied for sec...

  10. Crude Stocks Up 9 Mln Barrels: Bearish API Report

    Crude-oil futures lost ground in late electronic trading Tuesday following weekly U.S. supply data from the American Petroleum Institute, out at 4:30 p.m. Eastern ti...

  11. Financial Stocks Down On Euro-zone Worries

    Financial stocks were down on Tuesday as concerns over euro-zone weakness weighed on the broader market. The Financial Select Sector SPDR Fund , which tracks financi...

  12. Manpower: Hiring Outlook for U.S. Gaining Strength

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  1. Loeb's Third Point Raises Stake in Sony to $1.4B

    Daniel Loeb revealed in a letter this week that his hedge fund Third Point has boosted its stake in Sony (NYSE:SNE) to $1.4 billion as the investor continues to push...

  2. UK Charges Ex-UBS Trader Over Rate Rigging

    Britain's fraud prosecutor on Tuesday charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud, as part of a global investigation into the mani...

  3. British prosecutor to charge central Libor suspect: source

    June 17 - Britain's top fraud prosecutor is poised to bring criminal charges against former Citigroup Inc and UBS AG trader Thomas Hayes, who is alleged to have been...

  4. Financial Stocks Up, Home-builder Confidence Rises

    Financial stocks were up on Monday after a better-than-expected manufacturing report and home-builder confidence rises to a seven-year high. The Financial Select Sec...

  5. J.P. Morgan Leads Financial Stocks Lower

    Financial stocks were down on Friday after consumer sentiment fell in June, dampening expectations for an economic recovery. The Financial Select Sector SPDR Fund , ...

  6. European Shares Wobble Ahead of Data

    European shares erased an early advance to trade flat on Friday as investors braced for a batch of U.S. economic data later in the session.The FTSEurofirst 300 trade...

  7. Markets Still in Corrective Mode?

    Mainstay Capital Management CEO David Kudla and AverageJoeOptions.com founder Todd Horwitz on the outlook for the markets.

‹ Prev12345…Next ›
Freebase CC-BY
Source: Citigroup Inc. on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL