Archive for: Citigroup Inc

5 Big US Banks Have Cut Mortgage Balances By $6.3B

. . . . . Pause intro music down below. 5 Big US Banks Have Cut Mortgage Balances By $6.3B . Piggybankblog posted on 11/19/12 Cross linked with huffington.com . LOS ANGELES — Five of the biggest U.S. banks have cut struggling homeowners’ mortgage balances by $6.3 billion, part of a total $26.1 billion in [...]

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Analysis: Mortgage demand too much for banks, who respond slowly

. . . .. You can pause intro music down below. Analysis: Mortgage demand too much for banks, who respond slowly . Piggybankblog posted on 10/19/12 Cross linked with reuters.com (Reuters) – Big banks are hiring mortgage bankers to meet a surge in demand for home loans and refinancings, but they are still struggling to [...]

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JPMorgan Rivals Face Billions in Damages After N.Y. Fraud Case

. . . . You can pause intro music down below JPMorgan Rivals Face Billions in Damages After N.Y. Fraud Case . Piggybankblog posted on 10/02/12 Cross linked sfgate.com Oct. 3 (Bloomberg) — JPMorgan Chase & Co.’s rivals may face government lawsuits claiming tens of billions of dollars in damages tied to investor losses on [...]

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Piggybankblog Posted JPMorgan faces money laundering probe

. . . .. You can pause intro music down below. JPMorgan faces money laundering probe . Piggybankblog posted on 09/15/12 Cross linked with reuters U.S. anti-money laundering laws is being reviewed by a banking regulator, a source said, making the largest U.S. bank the latest target of a wide investigation of how banks prevent [...]

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Citigroup settles shareholder CDO lawsuit for $590 million

. . . . You can pause intro music below Citigroup settles shareholder CDO lawsuit for $590 million . Piggybankblog posted 08/29/12 Cross linked with reuters.com By Jonathan Stempel NEW YORK (Reuters) – Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of [...]

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