This included 738 employees each receiving $1 million in bonuses, 176 employees each receiving $2 million bonuses, 124 each receiving $3 million in bonuses, and 143 each receiving bonuses of $4 million to more than $10 million.
Where can I find information on Citigroup's common stock dividends? And it was certainly not written to prevent the government from selling its shares for a profit. In 2014, Citigroup agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis. Considered the best in its class, the products brokered by CFSI are supported by current global market updates and research to aid customers in making informed financial decisions. For other historical financial disclosures, please consult your local business library. [166], All of Citigroup's New York City real estate, excluding the company's Smith Barney division and Wall Street trading division, lies along the New York City Subway's IND Queens Boulevard Line, served by the E and ​M trains. Registered stockholders and brokers on behalf of their clients are permitted to participate. Citi received $2.7 billion and a 49% interest in the joint venture. Citigroup was criticized for failing to adequately supervise its traders and for not having systems in place to detect spoofing, which involves entering fake orders designed to fool others into thinking prices are poised to rise or fall. [143], In February 2016, the company was subject to a lawsuit as a result of the bankruptcy of a Mexican oil services firm. [161], In response to the COVID-19 pandemic, Citi provided support to cardholders including waiving late fees and so forth. endobj
The operations sold include 27 branches serving approximately 250,000 clients. [205], In 1998, the General Accounting Office issued a report critical of Citibank's handling of funds received from Raul Salinas de Gortari, brother of Carlos Salinas, the former president of Mexico. This settlement amount makes the NMS the second largest civil settlement in U.S. history, only trailing the Tobacco Master Settlement Agreement. Citigroup common stock is traded on the New York Stock Exchange (NYX) under the ticker symbol "C." Citigroup stock also has the distinction of being the first international company to be traded on the Mexican Stock Exchange (Bolsa Mexicana de Valores - BMV), and is listed under the ticker symbol "C*." [121] Late in 2010, the government sold its remaining stock holding in the company, yielding an overall net profit to taxpayers of $12 billion. It reported $10.6 billion in net profit, compared with a $1.6 billion loss in 2009. [219] Brown said that Citigroup "knowingly stole from its customers, mostly poor people and the recently deceased when it designed and implemented the sweeps...When a whistleblower uncovered the scam and brought it to his superiors [in 2001], they buried the information and continued the illegal practice."[219]. The directive given by the president in March 2009, was to develop a contingency plan for tough restructurings if the government ended up owning large shares of institutions at the conclusion of the stress tests that Secretary Geithner worked aggressively to put in place as part of the Administration's Financial Stability Plan. The report indicated that Citibank took on Salinas as a client without making a thorough inquiry as to how he made his fortune, an omission that a Citibank official called a violation of the bank's "know your customer" policy.

[164], Citigroup Center, a diagonal-roof skyscraper located in Midtown Manhattan, New York City, is Citigroup's most famous office building, which despite popular belief is not the company's headquarters building.

[241], American multinational investment bank and financial services corporation, Ownership of Salomon Brothers (1997–2003), Merger of Citicorp and Travelers (1998–2001), Collapse and US government intervention (2008), Return to profitability, denationalization (2010), Expansion of retail banking operations (2011), Expansion of credit card operations (2011), Chinese investment banking joint venture (2012), Spin-off of Napier Park Global Capital (2013), Downsizing of consumer banking unit (2014), Regulatory action, lawsuits, and arbitration, Enron, WorldCom, and Global Crossing bankruptcies, Conflicts of interest on investment research, Citigroup proprietary government bond trading scandal of 2004, Allegations of theft from customer accounts, Potential restructuring and liquidation by regulators, Shareholder rejection of executive compensation plan, Accusations of futures market manipulation, Ajay Kapur, Niall Macleod, and Narendra Singh (2005): "Plutonomy: Buying Luxury, Explaining Global Imbalances. [119][120], In 2010, Citigroup achieved its first profitable year since 2007. The majority of its assets are U.S. mortgages.

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