Vikram Pandit

Citi CEO Vikram Pandit Government officials told The Wall Street Journal that the FBI is investigating a theft of tens of millions of dollars at Citigroup, possibly orchestrated by a Russian gang of computer hackers. In response to the paper, a spokesman for the notoriously vast and unwieldy banking giant turned ward of the state initially had this to say: "I'm not aware of any major case the FBI is working in our company at this magnitude...  

Image via Wikipedia FBI Probes Hack at Citibank Russian Cyber Gang Suspected of Stealing Tens of Millions; Bank Denies BreachBY SIOBHAN GORMAN AND EVAN PEREZ 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...  

NEW YORK (Reuters) - The Federal Bureau of Investigation is probing a computer hacking that targeted Citigroup Inc and resulted in the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday, but the financial institution ...  

Photograph from the AP Today, the Wall Street Journal reported, "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." And the attack allegedly focused on Citibank. The WSJ also points out that the government has a 27% stake in the bank...  

Washington – The FBI is investigating a hacker attack on Citigroup Inc. that led to the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday. Citing anonymous government officials, the Journal reported that the hackers were connected to a Russian cyber gang. Two other computer systems, at least one of connected to [...]  

LOS ANGELES (MarketWatch) -- The U.S. 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, according to a Wall Street Journal report dated Tuesday. The attack took aim at Citigroup's Citibank subsidiary, which includes its North American retail bank and other businesses, with the hackers apparently linked to a "Russian cyber...  

Warrants the U.S. holds in Citigroup Inc., once the most valuable bank in the nation, may provide the lowest return for taxpayers who stepped in with $45 billion to save the company when no one else would. More on Citibank  

US Outlook: Surely this week's fund-raising debacle is the final straw for shareholders, when it comes to their tolerance of Vikram Pandit's incompetent leadership at Citigroup? Against the dubious b...  

Filed under: Citigroup Inc. (C)This morning, Bloomberg reported that the Abu Dhabi Investment Authority is attempting to get out of an agreement to purchase $7.5 billion of Citigroup (C) stock. According to the deal, the Investment Authority (ADIA) is to pay eight times Citi's current price. If the deal is forced through, it is seeking more than $4 billion in damages as it claims that Citi used "fraudulent misrepresentations" and misled it...  

Washington PostTreasury halts plan to sell off Citi StockWall Street JournalThe US government abruptly shelved plans to start trimming its 34% stake in Citigroup Inc., after investors demanded a price so low that the ...US Focuses on Winding Down AIG, Auto AssistanceBloombergCiti Shares Fall After US Delays Selling Its SharesNew York TimesUS Treasury eyes maximum price for Citigroup sharesReutersBusinessWeek -The Associated Press -Wall Street...  

NEW YORK--(BUSINESS WIRE)--Citi today announced that it has reached an agreement with the U.S. government and its regulators to repay U.S. taxpayers for the $20 billion the government holds in TARP trust preferred securities and to terminate the loss-sharing agreement with the government. Vikram Pandit, Chief Executive Officer, said on behalf of the entire Citi Board of Directors, “The TARP program was designed to provide assistance until...  

Citigroup is suspending foreclosures for the next 30 days:Citigroup Inc. will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season.The New York-based bank said Thursday the suspension will run from Friday through Jan. 17. It applies only to borrowers whose loans are owned by Citi. Borrowers who make payments to Citi but whose loans are owned by other investors are out of luck...  

Citigroup Inc. said it is selling a huge chunk of its stock at a steep discount to raise the cash it needs to repay bailout funds and free itself from government support. But the government backed out of selling any of its 34 percent Citi stake, apparently due to the tepid investor response and the weak price garnered by the $20.5 billion equity offering -- described by Citigroup as the largest in history. Citigroup said it is selling 5.4...  

Fitch Ratings upgraded several ratings on Citigroup Inc. on Monday following the bank's announcement that it will begin repaying bailout money to the federal government. Earlier Monday, Citi said it would repay $20 billion in loans from the government's... Citigroup - Federal government of the United States - United States - Financial services - Business  

Dec. 8 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit is pressing the U.S. Treasury Department and regulators to agree as soon as this week on a plan to pay back $20 billion remaining from a government bailout, people familiar with the matter said. Pandit accelerated efforts after last week’s announcement by Bank of America Corp. that it had won approval to pay back $45 billion of taxpayer funds and exit the Troubled Asset...