Websites on Citigroup: Citigroup Settles FTC Charges for Subprime Lending Victims The Associates, acquired by Citigroup, engaged in systematic and widespread deceptive and abusive lending practices such as the packing of unwanted credit insurance on consumers' loans. Citigroup Statement on Salomon Smith Barney Settlement with SEC, NASD, NYSE All outstanding investigations into research, IPO allocation and distribution practices settled. The Citigroup Watch News and commentary critical of the practices of the major banking and insurance group. Citigroup's Involvement in Wood Products and Paper Extensive report originally compiled by George Draffan of endgame.org for the Rainforest Action Network. SEC: Citigroup Helped Enron Commit Fraud Alleged that the firm mislead investors by characterizing loan proceeds as cash from operating activities. SEC Sues Citigroup for Research Analyst Conflicts of Interest Research analysts at Salomon Smith Barney published false or misleading research reports that were exaggerated, unwarranted, or lacked a reasonable basis. World's Largest Bank Makes Huge Step Toward Sustainability "Nearly four years of relentless campaigning by Rainforest Action Network and allies around the world" seems to have paid off, as this press release by RAN indicates. Citigroup Separates Research Arm The bank splits off its research arm in an effort to avoid potential conflicts of interest. (October 30, 2002)
|
|