Citigroup May Book $6B Charge on Smith Barney
Aug. 7 (Bloomberg) -- In "Street News," Bloomberg's Scarlet Fu reports on today's top stories including Citigroup may take up to a $6 billion charge this qua...
Financier Hands' lawsuit vs Citigroup over EMI revived
REUTERS - A U.S. appeals court has revived British financier Guy Hands' lawsuit accusing Citigroup Inc (C.N) of defrauding him into overpaying for music company EMI Group Ltd, a disastrous purchase that reflected the risk of buying debt-laden companies during the buyout bubble.The 2nd U.S. Circuit Court of Appeals in Manhattan overturned a November 2010 jury verdict against Hands' private equity ...
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