CNBC's Kayla Tausche reports Citi will cut the prior quarter's earnings by $0.20 per share to $2.8 billion due to "rapidly evolving regulatory inquiries."» Read More
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The Justice Department has asked Citigroup for over $10 billion to settle a mortgage-backed bonds investigation, according to Bloomberg.
South Korea's central bank held interest rates steady for a 13th consecutive month on Thursday.
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Austria’s finance minister admitted he could not understand the reasoning behind Standard and Poor's' warning about the country’s banks.
The bank made its final multibillion-dollar settlement offer, but it was said to be short of what the Justice Department wants it to pay.
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U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested it pay a penalty as high as $16 billion.
There is something seriously wrong with bank regulation and litigation in the US today, says bank analyst Dick Bove.
Deutsche Bank priced its 8.5 billion euro capital hike at 22.50 euros per share on Thursday, higher than forecast.
An appeals court ruled Judge Jed Rakoff abused discretion in rejecting a settlement between the SEC and Citigroup over mortgage backed securities, reports CNBC's Scott Cohn.
Sallie Krawcheck, a former big bank executive, will start an index fund focused on companies with gender diversity. The NYT reports.
Stifel Financial said it would buy asset manager Legg Mason's investment advisory unit to expand its wealth management business.
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Star banker Paul Taubman is no longer a solo practitioner in providing advice to corporations, CNBC's David Faber reports.
Christopher Whalen, Kroll Bond Rating Agency senior managing director, weighs in on Bank of America's latest error where they accidentally inflated the size of its private trading platform. Whalen says much like Citigroup, it's time for a change in governance at BofA.
A small Michigan company that runs the website for JPM's annual race played a role in helping discover cyberattack, The New York Times reports.
Major investment banks are buffering their foreign exchange settlement funds.
CNBC's Kayla Tausche reports Citi will cut the prior quarter's earnings by $0.20 per share to $2.8 billion due to "rapidly evolving regulatory inquiries."