Davos Congress center, during the World Economic Forum (Photo by MadGeographer)
25 Jan 2016

Citigroup, Davos Worry About Popular Backlash To Neoliberal Order

From January 20-23, the global elite met in Davos, Switzerland for the annual World Economic Forum. The themes this year were the dangers of inequality and terrorism to the current world order, an order those present have benefited the most from and have charged themselves with maintaining. The founder and

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A sign announcing a lender auction rests in the grass outside a foreclosed home in this February 13, 2008 photograph. (Wikimedia Commons / Brendel)
15 Jan 2016

Goldman Sachs To Pay $5.1 Billion For Causing 2008 Financial Crisis

The Too Big To Fail & Jail bank to pay a $2.385 billion civil monetary penalty, make $875 million in cash payments, provide $1.8 billion in consumer relief.

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File: The famous slanted roof of Citigroup Center in New York City. Citigroup has paid out billions in recent fraud cases. (Flickr / Chris Swann)
19 Aug 2015

Citigroup To Pay $180 Million For Latest Fraud

On August 17, Citigroup agreed to pay $180 million to settle charges from the SEC that two of the megabank’s hedge funds defrauded investors. According to the SEC, Citigroup’s hedge funds “made false and misleading representations to investors” about how risky investing in the funds were.

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File: A close up of a credit card, showing part of the number. (Flickr / Ed Ivanushkin)
04 Aug 2015

JPMorgan And Citigroup Pay Over $800 Million For Credit Card Crimes

Fraudulent paperwork, cheated counterparties, robosigning — no it’s not the housing crisis again. This time the crimes are related to the Too Big To Fail/Jail banks’ conduct with credit cards. Both JPMorgan and Citigroup have now reached settlements with the government related to their criminal credit card practices.

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