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Boston, MA, 04/04/2014 (usastockreports) – One of the largest financial services providers, Citigroup Inc. (NYSE:C)  is certainly not going through its good phase. It is grappling through a series of problem that need to be resolved as soon as possible. Off lately, it has created a lot of buzz and stir in the market. Thinking what’s new? Well then, this time it is...

Boston, MA, 04/03/2014  (usastockreports) – Citigroup Inc (NYSE:C) is having to face criminal probe for fraud at its Mexico unit, reported the New York Times. Citi’s unit in Mexico is under investigation by federal authorities regarding a fraud involving as much as $400 million, as reported by the New York Times. The newspaper even cited people who were briefed on...

Boston, MA 04/02/2014 (usastockreports) – Morgan Stanley (NYSE:MS)’s shareholders have their fingers crossed as the U.S federal reserve deliberates on whether to allow the bank, to carry out its first stock buyback since the financial crisis of 2009. Investors still maintain that even if the bank is given the greenlight, it will still be difficult for shareholders...

Boston, MA, 03/31/2014  (usastockreports)- The Citigroup Inc (NYSE:C) annual plan has been rejected by the US Federal Reserve after it failed to pass the annual stress test. The city has requested that by the first quarter of 2015 it will repurchase $6.4 million common stock and $0.05 increase in the quarterly stock dividend to its shareholders. Disappointment to the...

Boston, MA, 03/31/2014  (usastockreports)- Federal Reserve’s annual Dodd-Frank stress test is a big event in the US banking industry. Stress test for a banking institution gives out the scenario of how bank will perform under various stressed economic conditions. Under the adverse economic conditions if a bank will have sufficient capital to absorb the losses and perform...

Northern, WI 03/24/2014 (usastockreport) – The progress has been made in fraud case which forced Citigroup Inc (NYSE:C) to cut its profit in 2013. In this case Oceanografia, CEO a major Mexican oil field services was held for questioning on Saturday. This was reported on Sunday by attorney general’s office. Investigation has been Initiated The CEO Amado Yanez...

Boston, MA, 03/20/2014 – Wells Fargo & Co (NYSE:WFC) was in trouble during the financial crisis of 2008 like just like other financial institutions. But now, it’s bounced back and is poised to deliver good growth and returns to investors. Wells Fargo has less litigation-related troubles in comparison to its peers who together constitute the ‘Big Four’...

Boston, MA, 02/19/2014 – Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) has confirmed an internal audit to look into the claims of irregular contracts after documents leaked allegations that it received bribes from SBM Offshore to award contracts. It is claimed that PBR officials received about $139 million in irregular payments for contracts awarded to SBM....

Northern, WI 08/27/2013 (usastockreport) – The Nilson Report had recently ranked Citigroup Inc. (NYSE:C) to be the number one issuer of Corporate Cards in the United States. This ranking was accorded to the company based on the transaction volume for the year 2012 and this place the company to be well ahead of its competitors in the sector. The Commercial Card issued...

Northern, WI 06/21/2013 (usastockreport) – The share prices of Citigroup Inc (NYSE:C) had surged by 3.29 percent to close at $47.90 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $47.54 to $49.01 per during the day, which had pushed the company to hit new peaks. The shares of Citigroup Inc (NYSE:C)...