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.
Big Profit Increase For Citigroup, But Not Big Enough
Citigroup’s second quarter results didn’t live up to the expectations of many analysts, although the company’s profits more than quadrupled.
Citigroup and Legg Mason Take Care of Business
Citigroup is purchasing Legg Mason’s Broker-Dealer business, while Legg Mason on the other hand is acquiring Citigroup’s Asset Management Business.
Citigroup and Legg Mason Trade Businesses
Citigroup and Legg Mason are working out a deal in which Legg Mason will acquire Citigroup’s Asset Management business, while Citigroup acquires Legg Mason’s Broker-Dealer business.
Citigroup and Legg Mason Make A Deal
Citigroup and Legg Mason are doing a little trading of assets. Legg Mason will get Citigroup’s Asset Management business, and Citigroup in return will get Legg Mason’s broker-dealer business.
Citigroup Drops $2 Billion For UC Enron Investors
Citigroup was sued by a group of investors led by the University of California over its role in the fall of Enron. Citigroup agreed to pay $2 billion to settle.
UC Enron Investors Get $2 billion From Citigroup
A group of Enron investors fronted by the University of California has gotten $2 billion out of Citigroup as it agreed to pay this amount to settle a lawsuit.
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 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.