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Enron Investors Squeeze $2 Billion Out of Citigroup

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.

Citigroup Blinks

The prospect of facing more litigation in Texas has led the company to pay $2 billion to Enron investors to settle claims.

Citigroup Pays $2 Billion To Settle Suit Over Role in Enron Scandal

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 Forks Out $2 billion To Settle Enron Suit

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.

Google Now Worth $80 Billion

John Battelle notes that Google's market capitalization is now just north of 80 billion dollars, making it the largest media company on the planet, overtaking Time Warner.

Citigroup Settles With Global Crossing

Citigroup has settled a lawsuit brought by telecommunications network provider Global Crossing.

Citigroup Sells International Business to Metlife

MetLife is buying Citigroup's Travelers Life & Annuity, and all of Citigroup's international insurance businesses for $11.5 billion.

From Citigroup to Bank of Israel

Israel's Prime Minister, Ariel Sharon and Finance minister, Benjamin Netanyahu have chosen Stanley Fischer of Citigroup to be the governor of the Bank of Israel.