Citigroup signed a five year early renewal lease with Reckson for 82,000 square feet on floors 7-9 at 750 Washington Boulevard, an 11-story, 192,000 square foot downtown property within Stamford Towers, adjacent to the Metro North railway station.

Citigroup, Inc. announced that its Global Transaction Services business has further extended its local commercial card issuance capabilities to South Africa. This is the 50th market where Citi has launched its global card offering in recognition of ongoing client demand and the first step in Citi's strategy to expand its innovative card offering in South Africa. The offering will soon include Citi's turnkey prepaid card solution leveraging its experience as the largest global provider of corporate and government prepaid programs. Citi Commercial Cards, with unsurpassed acceptance and an extensive issuing footprint, has long been considered a pre-eminent commercial cards provider to large and multi-national organizations. Nearly 500 multinational corporations use its commercial cards programs at the core of their expense management strategy, making Citi a premier cards issuer in terms of technology, innovation and transaction volume. Clients are able to centralize program administration with one provider by leveraging Citi's innovative proprietary ECS+ platform. Citi has identified Africa as a strategic focus for its Treasury & Trade Solutions (TTS) business and has set a goal of delivering market leading capabilities and practices locally from within the region. Citi has been present in Africa for more than 50 years and has one of the broadest networks across the continent. It is currently present in 16 countries with Non-presence coverage of another 26.

Securities and Exchange Commission announced that Citigroup, Inc. agreed to pay a $75 million fine to settle charges it misled investors about exposure to subprime mortgage-related assets. Citigroup 'repeatedly made misleading statements in earnings calls and public filings about the extent of its holdings of assets backed by subprime mortgages'. During the mortgage crisis in 2007, Citigroup claimed that subprime exposure in its investment banking unit was $13 billion or less, when in fact it was more than $50 billion. Citigroup, as well as one current and one former bank executive charged for their roles in making the misleading statements, 'agreed to settle the SEC's charges'. The bank agreed to pay a $75 million penalty, while ex-chief financial officer Gary Crittenden agreed to pay $100,000 and ex-head of investor relations Arthur Tildesley, now head of cross marketing at Citigroup, agreed to pay $80,000. Citi settled the matter without admitting or denying the SEC's allegations.