Citigroup (C) Probed by DOJ Over $400M Fraud Involving Banamex: Report

According to a story posted Friday by The Wall Street Journal, which cites people familiar with the matter, the U.S. Justice Department is investigating Citigroup (C)’s internal controls and whether the bank’s unit in California neglected to alert the government about suspicious banking transactions along the U.S.-Mexico border. The report also states that U.S. prosecutors […] View the full post at: Citigroup (C) Probed by DOJ Over $400M Fraud Involving Banamex: Report Related posts: Citigroup Could Be Forced to Sell $20B Mexican Unit John Paulson Quietly Snapping Up Citigroup Shares: Report Sir Allen Stanford Cries During Interview, Threatens to Punch ABC’s Charlie Gibson