Compared to JPMorgan Chase, Citigroup's legal costs would easily reach USD5 billion. The next US bank primed for legal and regulatory scrutiny would be Citigroup Inc.
Tags: Citigroup
Dow Jones index for the first time closes above 16,000
The Dow Jones Industrial Average, for the first time, closed above the psychological threshold of 16,000, extending a stock rally that had already experienced a 22% spike so far this year.
Royal Bank of Scotland to pay SEC USD153.7 M
The Royal Bank of Scotland entered into a settlement with the Securities and Exchange Commission amounting to USD153.7 million.
Dubai's DAMAC Properties eyes USD500 million London share listing
Dubai developer DAMAC Properties announced its plans to sell USD500 million worth of shares on the London Stock Exchange.
News Corp secures USD 650 million revolving credit line
News Corp received a five-year revolving line of credit amounting to USD 650 million. News Corp was able to get a revolving credit line worth USD 650 million, which would be good for five years.
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World Point Terminals announced today that the underwriters for its recently closed IPO had exercised their underwriting options to purchase additional 1,312,500 common stock.
Keval Shah had announced resignation from the company as its co-head of FIG syndicate and would take a post at Lloyds Bank.
TRG is the new firm formed from the merger of Citi Venture Capital International and Rohatyn Group. In order to manage emerging-markets assets, Citigroup Inc has laid out plans to combine its Citi Venture Capital International with the Rohatyn Group under undisclosed terms.
Today, OCI Resources announced that it had launched its initial public offering of 5,000,000 common units.
Studies by financial analysts indicated that the banking sector is recovering and may regain top spot on S & P.
Onconova Therapeutics Inc. is set offer its common stock at US $15 during an initial public offering.
WCI Communities finalizes IPO pricing at US$15 per share. WCI Communities, Inc. reported the final pricing of the initial public offering of 6,819,091 shares of its common stock at US$15 per share.
E-commerce company Zulily hires banks for possible initial public offering. Flash sales company Zulily hired investment banks as advisors for a possible inital public offering, according to sources with knowledge on the matter.
CNS announced that it is applying for a debt financing program ahead of its IPO in Singapore. China Network Systems Co. revealed that the cable TV operator is pushing through with a debt financing plan worth around TWD40 billion.
