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Hindu Business Line, 5 minutes ago / US insurer American International Group (AIG) has selected financial services major Citigroup as one of the global coordinators for an initial public offering of its Asian life insurance unit AIA, says a media report.
Money Blog Network, 3 hours 50 minutes ago / Citigroup agreed on Thursday to pay $75 million to settle federal claims that it failed to disclose vast holdings of subprime mortgage investments that were deteriorating during the financial crisis and ultimately crippled the bank.
Vietnam Tribune, 8 hours 43 minutes ago / [JURIST] The US Securities and Exchange Commission [government website] announced Thursday that it has charged Citigroup Inc. [official website] with misleading investors about the company's exposure to sub-prime mortgage-related assets and settled with the company [press release; litigation release ] for $75 million.
Marin Independent Journal - Novato CA, 10 hours 50 minutes ago / Larkspur-based mFoundry, which produces financial applications for cell phones and other mobile devices, got some national attention last week - but probably not for the reason it would have preferred.
Columbia Journalism Review (CJR), Jul 30, 2010 / Furthermore, the $75 million penalty represents a tiny fraction of the more than $40 billion of subprime mortgage bonds that regulators say the bank failed to disclose.
BankSITE, Jul 30, 2010 / The news that Citigroup will pay a $75 million fine to settle charges that it misled investors about its exposure to the subprime market is a stark reminder that despite all the hullabaloo about reforming the financial system, we've done very little to address the lack of transparency in our major financial institutions.
NHL Blog - New York Post - New York NY, Jul 30, 2010 / Whomever President Barack Obama taps to head the new Bureau of Consumer Financial Protection could find it difficult to keep ahead of the credit-card industry.
FT.com, Jul 30, 2010 / August starts this weekend, the month three years ago when the first rumblings of worry over Northern Rock emerged, followed weeks later by a full-blown liquidity crisis.
PR-inside.com - Austria, Jul 30, 2010 / Fitch rates Citigroup Mortgage Loan Trust 2010-7 as follows. --$3,031,000 class 5A4 'A'; Outlook Stable.
PR-inside.com - Austria, Jul 30, 2010 / TORONTO -- (Marketwire) -- 07/30/10 -- The Bedford Report is pleased to announce that its latest Market Update analyzing recent news and events on JPMorgan Chase & Co. (NYSE: JPM), MetLife, Inc. (NYSE: MET), Citigroup, Inc. (NYSE: C) and UBS AG (NYSE: UBS) has been released.
Network World, Jul 30, 2010 / If you use Citigroup's Citi Mobile iPhone app , make sure you update to the new version released this week.
FT.com, Jul 30, 2010 / Li Ka-Shing, Asia's wealthiest man, is to buy the UK electricity distribution business of France's EDF for £5.8bn ($9.1bn) in what is set to be the biggest European investment by Hong Kong companies on record.
TMCnet, Jul 30, 2010 / Helmerich & Payne, Inc's (NYSE:HP) price target on 1H rated shares was lowered from $54 to $63 Friday by Citigroup Inc. (NYSE:C) Helmerich & Payne provides contract drilling of oil and gas wells in the Gulf of Mexico and South America; the company operates land rigs and platform rigs.
Post-Bulletin - Rochester MN, Jul 30, 2010 / Citigroup agreed Thursday to pay $75 million to settle federal claims that it failed to disclose vast holdings of subprime mortgage investments that were deteriorating during the financial crisis and ultimately crippled the bank.
The Washington Post - Washington DC, Jul 30, 2010 / Citigroup and the Wyly brothers -- have exposed the great limits of financial regulation and enforcement.
Dealbreaker, Jul 30, 2010 / So give it up for them says the bank's chief economist.
ONN.tv, Jul 30, 2010 / Citigroup (NYSE:C) looks as though it is safely entrenched between $3 and $6 for the rest of the year.
TMCnet, Jul 30, 2010 / Patterson-UTI Energy, Inc's (NASDAQ:PTEN) price target was slightly raised Friday from $17 to $20 by Citigroup Inc. (NYSE:C).
Insurance News Net, Jul 30, 2010 / Citigroup has upgraded today its share price target on Danish insurer Tryg A/S (CPH: TRYG), formerly Trygvesta, to DKK 360 from DKK 340, however reaffirming the recommendation at "hold".
Boston.com - Boston MA, Jul 21, 2010/ U.S. Army Col. Kurt Taylor, right, briefs U.S. Secretary of State Hillary Rodham Clinton, center, and U.S. Secretary of Defense Robert Gates, 2nd right, at the truce village of Panmunjom in the demilitarized zone (DMZ) that separates the two Koreas since the Korean War, north of Seoul, South Korea Wednesday, July 21, 2010, in Seoul, South Korea.
New York Post - New York NY, Jul 21, 2010/ Embattled BP head honcho Tony Hayward will step down in the next 10 weeks over the disastrous oil spill in the Gulf of Mexico, sources said yesterday.
Chicago Sun-Times - Chicago IL, Jul 21, 2010/ President Obama and British Prime Minister David Cameron on Tuesday both strongly condemned the release last year of the Lockerbie bomber by Scotland.
The Globe and Mail - Toronto ON - Canada, Jul 21, 2010/ "The largest cadre of foreign ministers to descend on Afghanistan in three decades underwent an astonishing political conversion on Tuesday, turning from skeptics to advocates of the Afghan government's ambitious plan to take over all security responsibilities in the country by 2014.
St Louis Post-Dispatch - St Louis MO, Jul 21, 2010/ Just like a long line of predecessors, Lou Piniella thought he could lead the Chicago Cubs to that elusive championship and end a drought that dates to 1908.