The lender is said to have taken reserves to recover the costs of the settlement
both equity and fixed income (FI) investors are portraying a constructive outlook, but are waiting for the next catalyst for fresh inflows
Citigroup Inc said it received a subpoena from the US Attorney for the Eastern District of New York regarding the bank's possible role in bribes paid to international soccer officials.The government is seeking information on banking relationships and transactions tied to FIFA, global soccer's governing body, New York-based Citigroup said Friday in its annual regulatory filing with the Securities and Exchange Commission.FIFA is under investigation by US and Swiss authorities for alleged bribery and corruption in the awarding of the 2018 and 2022 World Cups to Russia and Qatar. Almost 40 people, including a dozen FIFA officials, have been arrested in connection with corruption in soccer.The US alleged in a May indictment of FIFA officials that money from bribery schemes passed through banks including Citigroup, JPMorgan Chase & Co and Wachovia Bank, now a unit of Wells Fargo & Co. The indictment doesn't accuse the banks of wrongdoing or indicate whether transfers in the FIFA case