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Citigroup stunned investors late Thursday when it cut its third-quarter earnings by $600 million, blaming an increase in allowances for legal expenses.
The global banking giant said the increase resulted from “rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters.” 194 more words
What is the cost of the failure to perform appropriate due diligence on a regular basis? What red flags should you look for when considering doing business with a customer, party in the sales channel or entity in the supply chain? 1,578 more words
Ahora, toca una magnífica ópera de Mozart adaptada para los niños: Cosi Fan Tutte. Es una historia blanca llena de situaciones chuscas y divertidas. 184 more words
FORTUNE — Citigroup has fired 11 additional workers – four of which are senior executives – over alleged accounting fraud at its Mexican unit, Banamex. 183 more words