Citigroup Faces Fraud Suit Claiming $1.1 Billion in LossesBy and
Investors in Mexican oil services firm sue over loan schemes
Bank fired at least 12, cut 2013 profit by $235 million
Citigroup Inc. was sued for fraud by investors and creditors of a bankrupt Mexican oil services firm over claims they were harmed by a loan scheme that also led the bank to cut 2013 profit by $235 million and fire at least a dozen people.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.