Private equity boss Guy Hands surprises the City as it emerges he is poised to re-open legal hostilities with Citigroup over his disastrous £4 billion purchase of EMI... more
Citigroup spent more than £1.4 million on accountants and legal advice in only seven weeks before it seized control of record label EMI from financier Guy Hands... more
Citigroup, which employs thousands of bankers in Canary Wharf, aims to pay as much as 50% of 2010 employee bonuses in shares, according to reports ... more
Citigroup, the United States' third-largest bank, which took $45 billion of taxpayers' bailout money in the financial crisis, bounced back into profit last year... more
US regulators start a probe into potential corruption surrounding the massive injections of cash into financial firms by sovereign wealth funds... more
Speculation that the Treasury is readying a sale of its stakes in RBS and Lloyds Banking Group increases after America offloaded the remainder of its holding in Citigroup... more
You've got to love Terra Firma boss Guy Hands' legal evidence of brown-nosing from Citigroup bankers as they allegedly persuaded him to overpay for their client, record label EMI... more
America moves to reclaim some of the money it spent propping up its banks, unveiling plans to sell up to 20% of the government stake in Citigroup... more
Media Analysis: An anxious music industry is watching to see whether debt-laden EMI is about to pass out into the hands of its US bankers Citigroup... more
Stephen Hester has been making the rounds of the big City institutions and the word is that the Royal Bank of Scotland boss is far more optimistic in private than he has been in public... more
City Comment: With dividends dropping from UK PLC it really should come as no surprise that our pension funds, heavily invested in UK equities, are in trouble
... more
Could suitors soon be circling for Home Retail Group? That was the question on traders’ lips today, with both private-equity firms and trade buyers mooted as potential bidders... more
John Varley told Barclays staff yesterday that the bank had little to fear from President Obama’s war on Wall Street, and has gained the support of at least one voice in the City... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Tonight:
5°c
