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Citi fined $2 million after leaking confidential information on Facebook’s IPO

US banking giant Citigroup paid a $2 million fine to a state regulator and fired a junior analyst over a probe into leaks of confidential information on Facebook’s public offering, officials said Friday. A senior tech analyst also left Citi Friday, the banking group confirmed, after the Massachusetts investigation uncovered…

Citigroup CEO Vikram Pandit abruptly resigns

Vikram Pandit has abruptly quit as chief executive of Citigroup. The US investment bank said on Tuesday Pandit had stepped down as chief executive and left the company’s board with “immediate effect”. Citi said Pandit will be replaced by Mike Corbat, the bank’s current head of Europe, the Middle East and Africa. Pandit said…

Citigroup doubles number of accounts it said were hacked

NEW YORK (AFP) – US banking giant Citigroup had told its clients that about 360,000 credit cards were affected by a computer hacking attack last month — nearly twice the number previously acknowledged. Citigroup said late Wednesday that the security breach had compromised a total of 360,083 North America Citi-branded…

Citigroup says hackers viewed client accounts

HONG KONG (AFP) – US banking giant Citigroup said Thursday that computer hackers have accessed information in about one percent of accounts held by its US credit card card customers. “During routine monitoring, we recently discovered unauthorized access to Citi’s Account Online. A limited number — roughly one percent —…