US Supreme Court rebuffs Citigroup appeal in lawsuit over Mexican oil company fraud [Yahoo! Finance]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
Check Earnings Report
US:NYSE Investor Relations:
citigroup.com/citi/investor/pres.htm
Company Research
Source: Yahoo! Finance
bank of causing ?more than $1 billion of losses by orchestrating a vast fraud at the bankrupt ?Mexican oil and gas services company Oceanografia. The justices turned away Citigroup's appeal of a lower court's May 2025 decision ?to revive the decade-old lawsuit by more than 30 plaintiffs including Oceanografia bondholders, shipping companies and Netherlands-based Rabobank. By doing so, the Supreme Court let the lower court's decision stand. Oceanografia provided drilling services to the state-owned oil company Petroleos Mexicanos prior to being seized by Mexico's ?government in 2014. It was declared ?bankrupt two years later. The plaintiffs accused New York-based Citigroup's Banamex unit of advancing $3.3 billion to Oceanografia between 2008 and 2014, despite knowing that ?the company had too much debt and had forged Pemex signatures on authorization forms. Citigroup later uncovered $430 million of fraudulent cash advances. The U.S. Securities and Exchange Commission fined Citi
Show less
Read more
Impact Snapshot
Event Time:
C
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
C alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
C alerts
High impacting Citigroup, Inc. news events
Weekly update
A roundup of the hottest topics
C
News
- Jim Cramer on Citigroup: “I Think It's Just Too, Too Cheap to Ignore” [Yahoo! Finance]Yahoo! Finance
- HDFC Bank Limited (HDB) Q3 2026 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Citigroup (NYSE:C) had its "neutral" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- Citigroup (NYSE:C) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $121.00 price target on the stock.MarketBeat
- Citigroup (NYSE:C) was given a new $135.00 price target on by analysts at Piper Sandler.MarketBeat
C
Earnings
- 1/15/26 - Miss
C
Sec Filings
- 1/16/26 - Form 424B2
- 1/16/26 - Form 424B2
- 1/16/26 - Form 424B2
- C's page on the SEC website