9 hrs ago
Business briefs, March 15
The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.
Trending on the Topix Network
Fri Mar 14, 2014
Press release distribution, EDGAR filing, XBRL, regulatory filings
Mr. Sands... )--The Board of Directors of Iron Mountain Incorporated declared a cash dividend of $0.27 per share on the common stock of the company, payable on April 15, 2014 t... )--Citigroup will issue its first quarter results via press release at approximately 8:00 AM on Monday, April 14, 2014.
The Ides Of March And Evaluation Of Compliance Risk
Tomorrow, March 15 is enshrined as one of the most famous days of all-time, the "Ides of March".
The Washington Post
BofA, Citigroup, Credit Suisse Sued by FDIC in Libor Rigging
Bank of America Corp., Citigroup Inc. and Credit Suisse Group AG were among 16 of the world's biggest banks sued by the U.S. Federal Deposit Insurance Corp. for allegedly manipulating the London interbank offered rate from 2007 to 2011.
Philip Greenspun's Weblog
Compensation for ex-government officials, then and now
That's $2.1 million in today's money, according to the BLS.gov inflation calculator .
BofA to Citigroup Find New Expenses Negating Cost Cuts
U.S. bankers who vowed last year to boost profit by shrinking expenses are finding costs don't always stay cut.
Thu Mar 13, 2014
Three Things Judge Rakoff Knows That The Justice Department May Not
Judge Jed Rakoff, who sits on the Federal District Court in Manhattan, has been extremely busy since the financial crisis.
Sen. Elizabeth Warren questions Federal Reserve candidate Stanley Fischer on Citigroup ties
Stanley Fischer , President Obama's candidate for vice chairman of the Federal Reserve , appeared to have relatively strong support from senators at his confirmation hearing Thursday.
Wed Mar 12, 2014
The Washington Post
Citigroup Considers Pay Cuts, Clawbacks After Fraud Hits Banamex
Citigroup Inc., the third-largest U.S. bank, will consider clawing back compensation or shrinking 2014 pay for any employees linked to a $400 million loan fraud at its Banamex unit in Mexico.
Stock Building Supply Holdings, Inc. Announces Pricing of Public Offering by Selling Stockholders
Stock Building Supply Holdings, Inc. announced today the pricing of a public offering of 5,600,000 shares of its common stock by certain stockholders, including Gores Building Holdings, LLC and members of management, at a price to the public of $19.50 per share.
Citigroup Seen Finding Smaller - Concerns' After Banamex
Citigroup Inc. , the U.S. lender investigating a $400 million fraud at its Mexico unit, found unspecified "concerns" in three other instances that involved small holdings, according to Sanford C. Bernstein & Co.
Tue Mar 11, 2014
Wall Street starts the day mixed as concern over Ukraine continues
U.S. stocks fluctuated, with the Standard & Poor's 500 Index trading near an all-time high, as investors weighed the strength of the economy against concern over the Ukraine crisis.
Resource Investing News
Low Iron Ore Prices Will Persist, Says Citigroup
Reuters reported that Citigroup Inc. believes increased supply is set to keep iron ore prices low.
The Globe and Mail
OSC to allow 'no-contest' settlements
Ontario's securities watchdog is bringing in a U.S.-inspired policy that will allow alleged wrongdoers to settle with the regulator without admitting any wrongdoing.
J.C. Penney's Bandwagon Will Soon Crash
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J.C. Penney Rises as Citigroup Analyst Upgrades to Buy
J.C. Penney Co. , the retailer that's posted three straight annual losses, rose as much as 8.9 percent in early trading after a Citigroup Inc. analyst recommended buying the shares because of its nascent turnaround.
Mon Mar 10, 2014
Stock Building Supply Holdings, Inc. Announces Commencement of Public ...
Stock Building Supply Holdings, Inc. announced today the commencement of a public offering of 6,600,000 shares of its common stock by certain stockholders, including Gores Building Holdings, LLC and members of management, pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission .
Sun Mar 09, 2014
The Motley Fool
You Won't Believe Where the Biggest Banks Keep Their Money
The four biggest banks in America are household names, but it turns out where they store all their money will likely shock you.
Sat Mar 08, 2014
Mexican Politician Denies Links to Banamex Fraud Case
Conservative opposition National Action Party, or PAN, chairman Gustavo Madero said he had no ties to Oceanografia, a firm under investigation by Mexican authorities for allegedly defrauding Banamex of hundreds of millions of dollars, and called on officials to get to the bottom of the case.
Fri Mar 07, 2014
The Washington Post
Banamex Said to Snub Citigroup Control as Loan Fraud Mounted
Efforts by Citigroup Inc. senior executives to tighten controls in Mexico were rebuffed by managers there for at least five years before the U.S. bank found the local unit had suffered a $400 million loan fraud last month, four people with direct knowledge of the matter said.