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Retail Market
Latest Headlines
Latest Headlines
Citigroup scandal in Indonesia
Citigroup ( NYSE: C ) has been bold in its determination to turn itself into a global power, as CEO Vikram Pandit often makes this point. Unfortunately, the bank has suffered a string of incidents that have resulted in bad press overseas, especially in Asia. In some cases, the issues are quite
Citigroup's PR disaster in Japan
This is exactly what Citigroup doesn't need right now: Japan's financial regulator has essentially banned the bank from the retail market for a month after uncovering deficient controls related to money laundering. The bank was ordered to revamp its governance, controls and management structure. I
Hedge funds eye mutual funds and vice versa
Despite a lot of negative publicity, it looks like traditional fund companies are still sold on the marketing benefits of hedge fund-like products. Fidelity just announced its IQ ALPHA Hedge Strategy Fund, as the "first no-load, open-end mutual fund to bring hedge fund-style investing to retai
