Citigroup Fires 11 More People After Banamex Investigation and Sony Acquires the Film Rights to Book on Edward Snowden
Citigroup Inc. (NYSE: C) revealed in an internal memo sent to employees on Wednesday, that the company has fired 11 more people after an ongoing internal investigation found bogus loans and lax controls at the company's Mexican unit Banamex. Four senior executives were let go of which two were business heads in Mexico. There could be more disciplinary action taken against other employees both inside and outside of Mexico as the investigation continues, according to the memo.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. The companys Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. It offers various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems.
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Sony Corporation (NYSE: SNE) announced that it had acquired rights to Mr. Greenwald’s book, “No Place to Hide: Edward Snowden, the NSA and the U. S. Surveillance State,” for the producers Michael G. Wilson and Barbara Broccoli. The producers are known for their work on James Bond films like “Skyfall” and “Quantum of Solace." Both films were released by Sony and Metro-Goldwyn-Mayer.
Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. It offers consumer products and devices, such as LCD televisions; home and car audio, Blu-ray disc and DVD players/recorders, and memory-based portable audio devices; compact digital, home-use video, and interchangeable single-lens cameras; and personal computers. The company also develops, produces, markets, and distributes PlayStation3, PlayStation Vita, PlayStation Portable, and PlayStation 2 hardware and related software.
Get more information on Sony Corporation and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/SNE
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