HDFC stake sale:Citi records $160-mn pre-tax gains

Citigroup has earned a pre-tax profit of $160 million by selling 1.5 per cent of its stake in Housing Development Finance Corporation.The foreign bank had earlier pared its holding in the housing......

FIR against Vikram Pandit in Citi fraud case

The local police on Tuesday registered an FIR naming Indian-born global CEO of the bank Vikram Pandit and 10 other officials in the Rs 300-crore (Rs 3 billion) Citibank fraud case. The fraud at the......

Citi posts $7.6 billion loss in Q4

Banking behemoth Citigroup has reported a loss of $7.6 billion for the three months ended December 2009, mainly on account of expenses related to repayment of bailout funds. However, Citi's......

Citi chief Vikram Pandit's pay stays at $1

Citigroup chief executive Vikram Pandit will take home a salary of only $1 this year. He had in January said that he would accept only $1 as pay till the bank turned in profits. He will also not......