Sean Kevelighan News
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Banks that agreed to help troubled borrowers as part of a settlement with regulators over foreclosure misdeeds are spending most of the promised aid on sales that displace homeowners and forgiveness that erases home equity loans from their books.
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Michelle Peluso left her post as Citigroup Inc.’s global consumer chief marketing and Internet officer to run Gilt Groupe Inc., an online shopping site, with an eye toward taking the company public.
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If the U.S. Senate confirms him for a spot on the Securities and Exchange Commission, Daniel M. Gallagher will take a pay cut of more than $1 million a year.
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Connecticut Attorney General George Jepsen asked Citigroup Inc. to provide more information on how a recent data breach occurred and what is being done to protect affected customers from fraud.
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Citigroup Inc ., the third-biggest U.S. lender, said data for about 210,000 credit-card accounts in North America were breached.
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Citigroup Inc., the third-largest U.S. bank, said about 3,400 customers lost about $2.7 million when their credit-card information was breached by hackers earlier this year.
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Mattel Inc. has won dismissal of an antitrust lawsuit by MGA Entertainment Inc., the toymaker that sought $1 billion in damages alleging Mattel violated antitrust laws in a dispute over Bratz dolls.
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JPMorgan Chase & Co. and Bank of America Corp. told regulators they were straining last year to hire and keep enough qualified people who could clear a backlog of foreclosure complaints.
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Alpha Prime Fund Ltd. and Senator Fund SPC, two funds sued along with HSBC Holdings Plc by the trustee liquidating Bernard Madoff’s firm, filed so-called cross claims against HSBC to try to recoup damages they incurred in the fraud.
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Citigroup Inc. , the third-largest U.S. bank by assets, said that Deborah Doyle McWhinney will leave her position as head of personal wealth management for a newly created role in the global transactions business.
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