Several large U.S. banks have set aside extra money to pay for potential legal costs in part because of JPMorgan Chase & Co’s massive $13 billion settlement with U.S. authorities over bad mortgages, according to two sources familiar with the situation. The size of the JPMorgan settlement, which the government […]
Tag: Citigroup
HSBC, Citi suspend traders as FX probe deepens
HSBC and Citigroup both suspended foreign exchange traders on Friday as a global probe into possible currency market manipulation intensified. Regulators from the United States arrived in London this week, stepping up an investigation in which they are working with Britain’s financial watchdog to determine whether traders at some of […]
Citi Names Top Nigerian Banker as Chief Executive Officer of SSA Division
Press Release New Africa Structure to focus on Growing Bank’s Coverage across Key Markets Johannesburg / Lagos– Citi today announced the appointment of Ade Ayeyemi as Chief Executive Officer for its Sub Saharan Africa Division, based in Johannesburg. The bank also announced that its North African business will now report […]
