Citigroup Inc News

U.S. Appeals Court Revives Madoff Trustee Lawsuit Against Citigroup

NEW YORK — A federal appeals court on Monday said Citigroup Inc must face a $343.1 million clawback lawsuit by the trustee liquidating Bernard Madoff’s former firm, who accused the bank of turning a blind eye to the late swindler’s …

BlackRock, Citi in $100 Million Fight Over Texas Storm Aftermath

A Texas wind farm owned by BlackRock Inc. is locked in a $100 million court battle with Citigroup Inc. over losses caused by the devastating winter storms in Texas. The BlackRock unit, Mariah Del Norte, sells power to Citigroup under …

For Firms That Got Citi’s $900 Million, It’s a Shot at Payback

If Citigroup Inc. was looking to create a drama big enough to compete with the pandemic and U.S. elections for Wall Street’s attention, it couldn’t have written a better script. The bank allegedly facilitated a debt deal that left a …