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View Full Version : Citigroup, Hit by Mexico Fraud, Cuts Previous Results - Wall Street Journal



FraudNews
02-28-2014, 09:15 PM
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Citigroup, Hit by Mexico Fraud, Cuts Previous Results (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHRy4SjDXzYUZ1K4p_1Q0lGJxwm4Q&cid=c3a7d30bb8a4878e06b80cf16b898331&url=http://online.wsj.com/article/SB10001424052702304071004579410863489379726.html)
Wall Street Journal
In a news release, Citigroup noted that it believes the fraud is isolated to this particular client within the Banamex accounts receivable financing program, although it said its review of the fraud is ongoing. Mr. Corbat said Citigroup is exploring ...
Citigroup Reduces Profit for 2013 After Fraud at Mexico Unit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF_XREQRv0JNFMLmsU1fJFSd7E5Dg&cid=c3a7d30bb8a4878e06b80cf16b898331&url=http://www.bloomberg.com/news/2014-02-28/citigroup-cuts-2013-earnings-after-finding-fraud-at-mexico-unit.html)Bloomberg
Citii (C) Lowers Q4, FY13 Results on Mexico Unit Fraud (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHTifZzhAxs25p1n99R4OGEDM2Qhg&cid=c3a7d30bb8a4878e06b80cf16b898331&url=http://www.streetinsider.com/Earnings/UPDATE%253A%2BCitii%2B(C)%2BLowers%2BQ4,%2BFY13%2B Results%2Bon%2BMexico%2BUnit%2BFraud/9229817.html)StreetInsider.com (subscription)
Citi discovers fraud in Mexico unit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEl9n4duLUJ-h8LuSmM6uTpFWZHLA&cid=c3a7d30bb8a4878e06b80cf16b898331&url=http://www.cnbc.com/id/101449490)CNBC.com
International Business Times UK (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFMKDqeT1HdosD-LDkNjDbnhi0XEQ&cid=c3a7d30bb8a4878e06b80cf16b898331&url=http://www.ibtimes.co.uk/citis-mexico-banamex-fraud-costs-bank-235m-1438383) -Forbes (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFMubrqTMMfmkVqZZqOLJFs6iM-Yw&cid=c3a7d30bb8a4878e06b80cf16b898331&url=http://www.forbes.com/sites/steveschaefer/2014/02/28/citi-cuts-reported-earnings-after-finding-fraud-in-mexican-bank/) -Reuters (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGcbnHUx4Q7wYORwO-skiwILA3qQw&cid=c3a7d30bb8a4878e06b80cf16b898331&url=http://www.reuters.com/article/2014/02/28/us-citigroup-mexico-fraud-idUSBREA1R10Q20140228)
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