Citibank

Lightstone Closes $187 Million Refinancing for ARC

  LONG ISLAND CITY, N.Y./ Feb. 11, 2019 (STL.News) National real estate investor and developer Lightstone today announced the close of $187 million in financing from Citibank for ARC, a 428-unit luxury rental property in the Dutch Kills section of Long Island City, New York. The building, which offers over 50,000 square feet of indoor … Continue reading Lightstone Closes $187 Million Refinancing for ARC

Federal Reserve News: Federal Reserve Board fines Citigroup $8.6 million

WASHINGTON – The Federal Reserve Board on Friday announced an $8.6 million fine against Citigroup for the improper execution of residential mortgage-related documents. The $8.6 million penalty addresses the deficient execution and notarization of certain mortgage-related affidavits prepared by a subsidiary, CitiFinancial.  The improper practices occurred in 2015 and were corrected.  CitiFinancial exited the mortgage … Continue reading Federal Reserve News: Federal Reserve Board fines Citigroup $8.6 million

Citibank $100 Million Settlement with 42 Attorneys General for Fraudulently Manipulating Interest Rate Benchmarks or LIBOR

Citibank agrees to a $100 million settlement agreement with 42 Attorneys General for fraudulent conduct involving U.S. Dollar (USD) LIBOR Friday, June 15, 2018, 42 Attorneys General offices announced a settlement with Citibank for fraudulent conduct involving U.S. (USD) LIBOR. LIBOR is a benchmark interest rate that affects financial instruments valued at approximately $350 trillions … Continue reading Citibank $100 Million Settlement with 42 Attorneys General for Fraudulently Manipulating Interest Rate Benchmarks or LIBOR

Utah News: Utah Attorney General Sean Reyes Announces $100 Million 42-State Settlement with Citibank

SALT LAKE CITY, UT – Utah Attorney General Sean Reyes Friday announced a $100 million settlement with Citibank for fraudulent conduct involving U.S. Dollar (USD) LIBOR, which is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a widespread impact on global markets and consumers.  The investigation was conducted by … Continue reading Utah News: Utah Attorney General Sean Reyes Announces $100 Million 42-State Settlement with Citibank

Ohio News: Ohio Attorney General DeWine Announces $100 Million Multistate Settlement with Citibank over Libor Manipulation

COLUMBUS, OH – Ohio Attorney General Mike DeWine, along with 41 other attorneys general, today announced a $100 million settlement with Citibank for fraudulent conduct involving the London interbank offered rate, or Libor, a key interest rate with widespread impact on global markets. Most of the settlement funds — about $95 million — will be … Continue reading Ohio News: Ohio Attorney General DeWine Announces $100 Million Multistate Settlement with Citibank over Libor Manipulation

Nevada News: Nevada Attorney General Laxalt Announces $100 Million 42-State Settlement with Citibank

Carson City, NV – Friday, Nevada Attorney General Adam Paul Laxalt announced a multi-state settlement with Citibank, N.A., for fraudulent and anti-competitive conduct involving the manipulation of the London Interbank Offered Rate, or LIBOR.  LIBOR is an interest rate that has a widespread impact on global markets and consumers, including being used as a basis … Continue reading Nevada News: Nevada Attorney General Laxalt Announces $100 Million 42-State Settlement with Citibank

Michigan News: Michigan Attorney General Schuette, Michigan to Receive $3 Million from Citibank for Manipulating Interest Rates

LANSING, MI – Michigan Attorney General Bill Schuette Friday announced a $100 million-dollar settlement with Citibank for fraudulent conduct involving the manipulation of U.S. Dollar (USD) LIBOR, of which Michigan will receive $3 Million.  LIBOR, or London Interbank Offered Rate, is a benchmark interest rate that affects financial instruments worth trillions of dollars and has … Continue reading Michigan News: Michigan Attorney General Schuette, Michigan to Receive $3 Million from Citibank for Manipulating Interest Rates

Iowa News: Attorney General Tom Miller announces $100 million 42-state settlement with Citibank for manipulating interest-rate benchmark

DES MOINES, IA – Iowa Attorney General Tom Miller announced a $100 million multistate settlement Friday with Citibank for fraudulent conduct involving U.S. Dollar LIBOR, which is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a widespread impact on global markets and consumers.  The investigation was conducted by a bipartisan … Continue reading Iowa News: Attorney General Tom Miller announces $100 million 42-state settlement with Citibank for manipulating interest-rate benchmark