Citigroup said on Friday it had agreed to pay $590 million to settle a suit by investors who accused the bank of misleading them on its mortgage-based security losses in 2007-08.

The agreement settle

The blows keep coming for hedge fund manager John Paulson, with Citi Private Bank deciding it will withdraw $410 million from his Paulson & Co hedge fund, according to people familiar with the decisio

Showing frustration with large payouts to Wall Street executives, Citigroup's shareholders have voted against the bank's proposal on top level compensations, which included a USD 15 million package

Citigroup chief executive Vikram Pandit finally got his payday. The third biggest U.S. bank company paid Pandit $14.86 million in 2011, compared with a salary of $1 and no bonus in 2010, according to

Raghuraj Puri, the father of Shivraj Puri who is the prime accused in the Rs.400-crore Citibank scam, was on Tuesday sent to two days' police custody by a local court, police said.

He was arrested a

New Delhi: Citibank has witnessed maximum 92 frauds of cloning of debit/credit cards or use of fake cards involving over Rs 1.89 crore from 2007-08 to December 2010.

"Largest number of such frauds

A prolonged political turmoil in Middle Eastern countries, led by Egypt, may further deteriorate India's current account deficit and dent investment flows to emerging markets, Citi said in a research

New Delhi: In the alleged Rs 400-crore fraud by a senior employee at a Gurgaon branch of Citibank, RBI is probing whether there have been any violation of norms related to customer verification and m

Citibank, which has been hit by a Rs 400 crore fraud at its Gurgaon branch, on Saturday said it is reconciling its accounts and working out a "fair compensation" for those customers affected by it.

Gurgaon: The Enforcement Directorate has sought a copy of the FIR filed by the police on the Rs 400 crore Citibank fraud with a view to lodge a separate case of money laundering against the perpetra