Citigroup (C) Subject of Criminal Inquiry

Shares of Citigroup Inc. (C) were trading down -0.56 or -1.16 percent to $47.68 per share in pre-market trading on Thursday, after news that the company was the subject of a Federal Bureau of Investigation criminal investigation involving a $400 million fraud from the companyâ s Mexican unit, Banamex. Citigroup shares closed at $48.24 per share, up +0.44 or +0.92 percent in Wednesdayâ s regular trading session.

New York, New York based Citigroup Inc. is the third largest bank holding company in the United States and a major multinational financial services corporation. The company was formed after the 1998 merger between Citicorp and Travelers Group. Citigroup is the third largest bank holding company by assets and the companyâ s financial network â

Published on Apr 3, 2014
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2020. Content published with author's permission.

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