Michael Corbat

Michael Corbat

• Citigroup to pay $730 million to settle lawsuit

  Citigroup has agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the bank's disclosures when they ... 

• Citigroup pays new CEO Corbat $12.4M in 2012

  Citigroup awarded its new CEO, Michael Corbat, a total of $12.4 million last year. That's 17 percent less than the $14.9 million his predecessor, ... 

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  Legal expenses drag down Citigroup 4Q earnings

  Citigroup's fourth quarter earnings fell short of Wall Street's expectations as the bank's legal expenses rose and it released less money from its ... 

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  Banks prepare for earnings; mortgages cast a pall

  Legal troubles and regulatory scuffles keep piling up for the banking industry, a fact that's sure to drag down results when the banks start reporting ... 

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  Citigroup to cut 11,000 jobs, a familiar story

  Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi's ... 

• Stocks mostly rise on Wall Street, led by banks

  Stocks are mostly higher on Wall Street, led by banks and energy companies. The Dow Jones industrial average was up 94 points at 13,045 shortly before ...