Is this another big bank caught in criminal activity?
Citigroup Legal Costs Jump as Currency Probes Accelerate
By Dakin Campbell Oct 31, 2014 9:02 AM GMT+1000
Oct. 30 (Bloomberg) -- Citigroup said third-quarter profit was $600 million less than previously reported because of an increase in legal costs. Bloomberg's Mia Saini reports on "Street Smart." (Source: Bloomberg)
Citi revealed that it’s facing a U.S. criminal probe into the bank’s foreign-exchange business and took a $600 million legal charge that forced it to restate third-quarter results reported two weeks ago.
The U.K. Financial Conduct Authority is in settlement talks with Citigroup, JPMorgan Chase & Co., UBS AG, Barclays Plc, HSBC Holdings Plc and Royal Bank of Scotland Group Plc
http://www.bloomberg.com/news/2014-...-profit-by-600-million-on-legal-costs-1-.html
- Forums
- Commodities
- GOLD
- The gold plunge continues
The gold plunge continues, page-1066
- There are more pages in this discussion • 72 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
BPH
BPH ENERGY LTD
David Breeze, MD & Executive Chairman
David Breeze
MD & Executive Chairman
SPONSORED BY The Market Online