Citigroup Inc. named former Morgan Stanley President Vikram Pandit as chief executive officer to help the largest US bank recover from serious financial problems.
The US Federal Bureau of Investigation is probing an attack by suspected Russian computer hackers on Citigroup Inc. that resulted in the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday. The newspaper, citing unidentified government officials, said the attack by hackers who appear to be linked to a Russian cyber gang targeted Citigroup's Citibank subsidiary. It said the hackers also assaulted two other entities, at least one of them a US government agency. The... Read Full Story
Citigroup representatives are refuting a published report alleging the financial services firm was the victim of tens of millions of dollars being siphoned out of customer accounts. The Russian Business Network (RBN), a notorious gang linked to several hacking schemes, as well as various criminal activities, is cited as being behind the heist, according to a report in Tuesday's edition of The Wall Street Journal. The FBI was said to be investigating, though a representative at the agency did... Read Full Story
(Reuters) - The Federal Bureau of Investigation is investigating a hacking that targeted Citigroup Inc and resulted in the theft of tens of million of dollars, the Wall Street Journal said, citing U.S. government officials. The cyber attack by hackers believed to be linked to a Russian cyber gang was aimed at Citi's Citibank subsidiary, the paper said, adding it was unclear whether the hackers gained access to the bank's systems directly or through third parties. Two other entities... Read Full Story
The Federal Bureau of Investigation is probing a computer-security breach targeting Citigroup Inc. that resulted in a theft of tens of millions of dollars by computer hackers who appear linked to a Russian cyber gang, according to government officials.
The attack took aim at Citigroup’s Citibank subsidiary, which includes its North American retail bank and other businesses. It couldn’t be learned whether the thieves gained access to Citibank’s systems directly or through third parties... Read Full Story
USA Today Was That You, Santa? New York Times BEFORE the lie, a confession: My involvement with Christmas stockings approaches a fetish. As a child I was fixed on my own, filled always by my mother. Eighteen when I was born, and unequal to the burden of motherhood, ... Word Play: The Secret Life of Santa Los Angeles Times How iPhones (and Other Tech Advances) Prove There's a Santa Claus ABC News Christmas Display Showing Jesus Murdering Santa Under Fire in California FOXNews The Star-Ledger... Read Full Story
Citigroup’s troubled share offering represents a major setback for CEO Vikram Pandit and his efforts to free Citigroup from government control, the NYT reports.
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US banking firm Citigroup has said it will vigorously defend itself against a claim filed by Abu Dhabi's sovereign wealth fund seeking four billion dollars over a 2007 share purchase deal. In a statement released this week, Citigroup said "an arbitration claim was filed against Citi in New York by the Abu Dhabi Investment Authority (ADIA), which purchased equity units from the company in November 2007." The agreement obligates "ADIA to purchase a total of 7.5 billion dollars of common equity... Read Full Story
Citigroup, led by Indian American chief executive Vikram Pandit, intends to raise $20.5 billion in the stock market as part of its plan to repay bailout money and free itself from government restrictions. Read Full Story
NEW YORK (Reuters) - The U.S. government "quietly" agreed not to collect billions of dollars in potential taxes from Citigroup Inc <C.N> as part of its deal to allow the bank to repay its taxpayer bailout, The Washington Post reported. The Internal Revenue Service issued a notice on Friday that extends the benefit to Citi and other companies in which the government owns a stake, the Post reported. A Citigroup spokesman declined to comment. The Washington Post said the precise value of the... Read Full Story
The U.S. government "quietly" agreed not to collect billions of dollars in potential taxes from Citigroup as part of its deal to allow the bank to repay its taxpayer bailout, The Washington Post reported. Read Full Story
