'They was (sic) firing me. I just beat them to it. Nothing personal'.
Citibank is shutting down certain accounts in Venezuela, much to the chagrin of the country's president.
Bank of America's Merrill Lynch unit has named Citibank executive Fabio Concesi as an international wealth strategist.
Rogue trader John Rusnak will not have to give evidence at the looming New York trial in which AIB is suing Citibank for $872m, a judge has ruled.
Citigroup’s move to simplify the legal structure of its banking operations in Europe will probably place it under direct supervision by the continent’s central bank for the first time, said two people with knowledge of the matter.
Citibank said it will quit the custody business in Argentina after a U.S. judge refused to let the bank process local bond payments just weeks before a March 31 deadline for the nation to pay bondholders.
Citibank, which told judges this week that Argentina is holding a gun to its head over a $5 million bond interest payment due September 30, faces the possibility the trigger may be pulled as the court threw out its appeal of an order barring it from forwarding the payment.
A lawyer for Citibank said the government of Argentina has 'a gun to our head,' threatening the forced takeover of its branch in that country if the bank obeys a U.S. judge’s order blocking it from making payments to holders of $8.4bn in Argentine bonds.
Citi's board of directors has announced that it has elected Duncan P. Hennes as a new independent director.
Jefferies hired Larry Portman as a managing director for its consumer investment-banking unit, according to a person with direct knowledge of the move.