Citigroup (NYSE:C) Fined $400 Million By The OCC Over Risk Management And Quality Control Practices

Citigroup Inc. (NYSE:C) has agreed to pay a fine of $400 million over deficiencies related to internal controls and risk management, according to the Office of the Comptroller of Currency. A statement from the OCC said that the company has to seek its “non-objection before considering any new acquisitions. Citigroup warned of its risk management […]

Gold Fields Limited (ADR) (NYSE:GFI) Appoints Two New Non-Executive Directors

Gold Fields Limited (ADR) (NYSE:GFI) has announced that it has that it has appointed two new non-executive directors as part of its board. The newly appointed non-executives are Peter Bacchus and Alhassan Andani. This is the fourth time that the company has announced the appointment of new directors in a span of two months. Mr. […]

Share Outlook For Domino’s Pizza, Inc. (NYSE:DPZ) Positive Thanks To Growing Sales

Sales at Domino’s Pizza, Inc. (NYSE:DPZ) have been on an upward trend, with a directly proportionate reflection of the share performance. The company’s sales were up by 10% in the third quarter of 2014 while the international sales had a 7.7% rise in the same period. Though the shares have not been doing so well […]

Nabors Industries Ltd. (NYSE:NBR) Ratings From Investor Firms

Nabors Industries Ltd. (NYSE:NBR)share target prices have been reviewed by most of the brokerage firms that trade its shares. According to a report from the, analysts from Argus lowered their target price on the company’s shares from $20 to $15. The research note report was available to investors on Monday. Argus currently has a […]

Hilton Worldwide Holdings Inc (NYSE:HLT) – Uptrend Intact

Hilton Worldwide Holdings Inc (NYSE:HLT) had a quiet session yesterday as it ended the last session with a minor loss of 1.36%. It opened with a small gap down and after spending the entire session in a small range, it closed exactly where it had opened earlier, creating a Doji candlestick and implying indecision. Blackstone, […]

Citigroup Inc (NYSE:C) Faces Lawsuit from South Korean Bank While Trying to Re-Stabilize its Stock

Citigroup Inc (NYSE:C) has had a lawsuit, filed against it by South Koreas Woori Bank, revived by a US appeals court. The filing accuses Citigroup of deceiving Woori Bank into buying securities that Citigroup was betting against before the financial crisis. The original filing was done in 2012. Citigroup had initially countered the suit, stating […]

Citigroup Inc (NYSE:C) And AT&T Inc. (NYSE:T) Introduces A New Credit Card

Citigroup Inc (NYSE:C) and AT&T Inc. (NYSE:T) introduced a new credit card highlighting the opportunity to get a new Smartphone. With the new access more card, the members get an opportunity to win a new Smartphone right away or at a later stage. They can even get a reimbursement for the price of the Smartphone. […]

Freeport-Mcmoran Inc (NYSE:FCX) – Strong Supply Area Around $24

Freeport-McMoRan Inc (NYSE:FCX) ended the last trading session with a solid gain of 9.08%, well accompanied by a surge in volume of 42 million, double the daily average of 21 million. This stock is directly affected by the movements in oil price and that’s why a rally in oil price produced a rally here too. […]

Target Corporation (NYSE:TGT) Nears $20 Million Mastercard Inc (NYSE:MA) Data Breach Settlement

Target Corporation (NYSE:TGT) approaches a settlement case with Mastercard Inc (NYSE:MA) for a reimbursement worth about $20 million. The settlement nears after many days of discussion about reimbursement of the cost incurred in the 2013 colossal data breach. The cash recovered is supposed to be distributed to the affected financial institutions. The results of the […]

Citigroup Inc (NYSE:C) Looking To Sell Retail FX Arm

Citigroup Inc (NYSE:C) is looking for a purchase for its retail brokerage CitiFX Pro. This is in keeping, with the overall strategy to streamlining the largest currency trading operation in the banking domain. The information came from a source acquainted with the scenario. Citigroup has decreased hiring and automated several parts of its currency business […]

Will Morgan Stanley (NYSE:MS) Continue Its Streak of Topping Expectations in 3Q Earnings Results?

Boston, MA 10/16/2014 (wallstreetpr) – Morgan Stanley (NYSE:MS) has consistently delivered better than expected earnings number in the last four quarters. Will it maintain its streak of winning the analysts’ predictions on earnings in the third quarter? The banking sector has been facing lot of litigation issues, and they also allocated enormous amount for it. […]

Is Citigroup Inc (NYSE:C) Ready To Venture In to Mortgage-Bond Transaction Again In Australia?

Boston, MA 10/14/2014 (wallstreetpr) – In Australia, its central bank initiated stimulus to boost its housing market. This naturally attracts every financial institution operating in Australia to take advantage of it and get a slice of its share. Therefore, it is no surprise that Citigroup Inc (NYSE:C) wants to explore the possibility of earning its […]

Citigroup Inc. (NYSE:C) Fined $16 Million For Overcharging Accounts Awaiting Q3 Earnings Report

Boston, MA 10/13/2014 (wallstreetpr) – Citigroup Inc. (NYSE:C) has reached an agreement with the attorneys general office in New York for the payment of $16 million as compensation, for a number of investments accounts it had overcharged. The overcharging claims trace back to 2012 on a number of claims that had been raised in Westchester […]

Should Micron Technology, Inc. (NASDAQ:MU) Bother About Microchip Technology Inc. (MCHP)’s Comment On Correction In Semiconductor Industry?

Boston, MA 10/13/2014 (wallstreetpr) – Will Micron Technology, Inc. (NASDAQ:MU) be one of the companies to witness a slowdown in the consumer demand in the coming quarters? Will its performance be lower than the expectations? If there is going to be slow down, not just Micron, but the entire industry would face it. Undoubtedly, the […]