Citi’s New Stance

After more than a year of scandal and public penance, Citigroup CFO Todd Thomson is determined to rebuild the reputation of the financial-services giant.

The Global Settlement
Citigroup paid the highest fines of any financial institution in the so-called global settlement
(in $ millions).
Firm

Fines

Independent Research

Investor Education

Total

Salomon Smith Barney (Citigroup)

$300

$75

$25

$400

Credit Suisse First Boston

150

50

0

200

Merrill Lynch

100

75

25

200

Goldman Sachs

50

50

10

110

Bear, Stearns

50

25

5

80

Deutsche Bank

50

25

5

80

JP MorganChase

50

25

5

80

Lehman Brothers

50

25

5

80

UBS Warburg

50

25

5

80

Source: Office of the New York State Attorney General

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