All Posts Tagged Tag: ‘Citigroup’
Prince Alwaleed bin Talal, the Saudi royal and self-made billionaire investor, said President Barack Obama lacks a “comprehensive and coherent foreign policy” toward the Arab world. Alwaleed made the comment at “The Year Ahead: 2014,” a two-day conference in Chicago, hosted by Bloomberg LP. Alwaleed added, “Obviously, he’s not succeeding” as President. Citing Obama’s addressing the Arab world with a …
IBM’s ‘Watson’ supercomputer and Jeopardy champion just secured a gig on Wall Street, according to Bloomberg. Citigroup, the third largest lender in the U.S., will utilize Watson to “help analyze customer needs and process financial, economic and client data to advance and personalize digital banking.” IBM predicts that Watson will be able to “read” about 200 million pages in three …
An important, if not surprising, item: Another Google/YouTube exec has voiced his opinion that YouTube will be profitable this year. More interestingly, an outside analyst has done the same, and also forecast a gross revenue figure of almost $1 billion.
Citigroup announced today that it has reached an agreement to purchase UK based Egg Banking (Egg) the largest online bank in the world. Citigroup is buying the company from Prudential PLC for $1.13 billion in cash for the bank. The deal is on track to be completed by the end of April.
Citigroup’s second quarter results didn’t live up to the expectations of many analysts, although the company’s profits more than quadrupled.
Citigroup has agreed to settle a class action lawsuit from Enron investors, and pay $2 billion. The company was accused of having a role in a big accounting fraud scandal at Enron.
A group of Enron investors have managed to squeeze $2 billion out of Citigroup as it agreed to pay this amount to settle a lawsuit. Citigroup along with several other banks, was accused of having a role in a big accounting fraud scandal at Enron.
Citigroup has agreed to pay $2 billion to Enron Corp. to settle a class action lawsuit from investors. Citigroup was accused of having a role in a big accounting fraud scandal at Enron.