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Transcripts For KQEH Nightly Business Report 20140404

Bailed out by uncle sam during the 2008 financial crisis. Its battled questions about dubious foreclosure practices, fended off allegations of lax Money Laundering protections and faced a number of probes into its banking practices. Just last week, the Federal Reserve rejected citis plan to raise its shareholder dividend and jack up its stock buy back complain on concerns about how much capital the bank has on hand. Now the banks troubles just got worse. The fbi has reportedly launched a criminal investigation into the banks role in a 400 million fraud involving its mexican banking unit. Investors have taken notice, sending shares down another 1 today. Michelle carusocabrera has more now on the latest news about citigroup and how much more the banking behemoth can take. Reporter the Company Revealed in late february a 400 million fraud involving an Oil Services Company in mexico. Even before todays news of a criminal investigation, analysts questioned whether mexico was one of the reas

Transcripts For KQED Nightly Business Report 20140404

Bailed out by uncle sam during the 2008 financial crisis. Its battled questions about dubious foreclosure practices, fended off allegations of lax Money Laundering protections and faced a number of probes into its banking practices. Just last week, the Federal Reserve rejected citis plan to raise its shareholder dividend and jack up its stock buy back complain on concerns about how much capital the bank has on hand. Now the banks troubles just got worse. The fbi has reportedly launched a criminal investigation into the banks role in a 400 million fraud involving its mexican banking unit. Investors have taken notice, sending shares down another 1 today. Michelle carusocabrera has more now on the latest news about citigroup and how much more the banking behemoth can take. Reporter the Company Revealed in late february a 400 million fraud involving an Oil Services Company in mexico. Even before todays news of a criminal investigation, analysts questioned whether mexico was one of the reas

Transcripts For KQED Nightly Business Report 20140404

Bailed out by uncle sam during the 2008 financial crisis. Its battled questions about dubious foreclosure practices, fended off allegations of lax Money Laundering protections and faced a number of probes into its banking practices. Just last week, the Federal Reserve rejected citis plan to raise its shareholder dividend and jack up its stock buy back complain on concerns about how much capital the bank has on hand. Now the banks troubles just got worse. The fbi has reportedly launched a criminal investigation into the banks role in a 400 million fraud involving its mexican banking unit. Investors have taken notice, sending shares down another 1 today. Michelle carusocabrera has more now on the latest news about citigroup and how much more the banking behemoth can take. Reporter the Company Revealed in late february a 400 million fraud involving an Oil Services Company in mexico. Even before todays news of a criminal investigation, analysts questioned whether mexico was one of the reas

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