SEC Opens Probe Into Citigroup’s Mexican Operations – ValueWalk Premium
Citigroup

SEC Opens Probe Into Citigroup’s Mexican Operations

The Securities and Exchange Commission is investigating Citigroup for accounting fraud and possible violations of the Foreign Corrupt Practices Act after the bank revealed a number of fake loans that had been issued from its Mexican unit, Banamex, Reuters reports.


Citigroup reduces 2013FY earnings
Citigroup Inc (NYSE:C) reported last Friday that it had discovered $400 million in bad loans originating from Banamex, and that it was reducing its . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk
0