A New Jersey state jury found that the Italian dairy had defrauded Citigroup in a case stemming from Parmalat’s 2003 collapse, and awarded the bank $364.2 million in damages.
A New Jersey state jury found that the Italian dairy had defrauded Citigroup in a case stemming from Parmalat’s 2003 collapse, and awarded the bank $364.2 million in damages.
A New Jersey state jury found that the Italian dairy had defrauded Citigroup in a case stemming from Parmalat’s 2003 collapse, and awarded the bank $364.2 million in damages.
Even as the government moves to plug holes in the nation’s banks, new gaps keep appearing.
It is the fourth consecutive period that the global banking giant has been swamped by write-downs on investments and steeper losses on consumer loans.
It is the fourth consecutive period that the global banking giant has been swamped by write-downs on investments and steeper losses on consumer loans.
Federal antitrust regulators approved the acquisition of Wachovia by Wells Fargo, bringing the battle for the troubled bank to an end.
Citigroup walked away from efforts to block a deal between Wachovia and Wells Fargo, but said it would continue to seek $60 billion in legal damages.
The two banks said that they had agreed to extend their legal standstill in the fight for Wachovia until Friday morning.
The two banks said that they had agreed to extend their legal standstill in the fight for Wachovia until Friday morning.
Citigroup and Wells Fargo agreed to a cease-fire until Wednesday in the legal warfare over their bids for the Wachovia Corporation.