Tag: Citibank

• Saturday, July 14th 2012 - 07:06 UTC

  Visa and Mastercard agree to largest settlement with retailers over card fees

  

  Credit card companies Visa and Mastercard and major US banks have agreed to a 7.25bn dollars settlement to retailers over card fees. The case, which has been going on for seven years, is over firms colluding to fix the fees that stores pay to process credit and debt card payments.

• Friday, July 30th 2010 - 06:00 UTC

  Citibank agrees fine to settle charges it misled investors with high risk mortgages

  

  Banking giant Citigroup has agreed to pay 75 million US dollars to settle civil charges that it misled investors over potential losses from high-risk mortgages. It agreed the settlement with US financial watchdog the Securities and Exchange Commission (SEC).