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.
Firm Management
Eithad opens European headquarters in Berlin
Berlin is the site for the European headquarters of Etihad Airways. Eithad Airways recently unveiled its new headquarters in Berlin, enhancing the Gulf aircarrier's presence in Germany as well as the whole of Europe.
PepsiCo has new AMEA CEO Sanjeev Chadha
Consumer goods conglomerate PepsiCo appoints new AMEA CEO in Sanjeev Chadha. PepsiCo Inc, the US based softdrink giant had announced its appointment of its new CEO for Asia, Middle East and Africa, Sanjeev Chadha to be made effective immediately.
City of Stockton nearing deals to exit bankruptcy
A draft bankruptcy plan is in the works for the city of Stockton and its bond creditors and other insurers.
Samsung offers settlement for EU probe on patent lawsuits
The South Korean technology firm Samsung offered to settle with the EU Competition Commission as to the patent lawsuits currently being investigated.
Latest News
The conflict between heads in Intesa Sanpaolo may come to a head next week as Supervisory Board Chair Giovanni Bazoli meets with CEO Enrico Cucchiani.
According to a VW spokesperon, the trading volume at the London Stock Exchange was too low as against the administrative costs required.
One Thousand & One Voices, a private equity movement, announced the opening of its first office in Johannesberg, South Africa and its new private equity team.
Former BASF SE executive Wolfgang Buechele would be replacing Linde AG current chief executive Wolfgang Reitzle next year, said the German company in a statement.
In an unprecedented sweep, several Japanese firms and their executives have been charged with conspiracy to undertake price fixing and agreed to settle amounts with the US Justice Department.
Royal Park claims fraud in the marketing and sale of residential mortgage backed securities. A suit was filed against the Credit Suisse Group AG in New York for USD359 million worth of residential mortgage-backed securities.
Fibrocell Science's market value fell after it offered 11 million shares of stock. Fibrocell Science shares fell in market value after the company had announced it would be selling 11 million shares of its stock.
One Thousand & One Voices formed its private equity team to run its office in Johannesburg. Private equity fund One Thousand & One Voices announced the hiring of three former executives of Standard Bank Group Ltd to run its office in Johannesburg.
In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.
