Citigroup fined $400 million, but charges not made public

https://wallstreetonparade.com/2020/10/citigroup-is-slapped-with-a-400-million-fine-for-doing-something-so-bad-it-cant-be-spoken-out-loud/

 

Has Citigroup done something improper regarding the tens of billions of dollars it has spent buying back its own stock? Until March 31, 2015, Citigroup was spending hundreds of millions of dollars a quarter to buy back its stock. But beginning with the quarter ending June 30, 2015, it started to spend billions of dollars a quarter. And, as we headlined on July 24, Citigroup Has Been Paying Out More than It Earned for Years; Now It Has $102.5 Billion in Debt Maturing within Three Years.

 

Charlie Cooper