Citigroup Inc. (NYSE:C) Sues Over Gold Losses

Citigroup Inc. (NYSE:C) has sued a Singaporean hedge fund manager over gold
losses. Citigroup Inc. (NYSE:C) Sues Over Gold Losses The US banking giant
Citigroup Inc. (NYSE:C) has filed a case against Raghavendran Rajaraman, a Hong
Kong based hedge fund manager, in the Singapore High Court. The bank filed the
case to recover $1.03 million it lost over gold trading. The Court has scheduled
the first closed hearing on Jan. 27. Adam Abdu-Rahman, Singapore based Citigroup
Inc. (NYSE:C) spokesman, said, "We intend to pursue the case and it's
inappropriate for us to comment further". Citigroup Inc. (NYSE:C) stocks were
at 28.33 at the end of the last days trading. Theres been a 2.7% change in the
stock price over the past 3 months. Citigroup Inc. (NYSE:C) Analyst Advice
Consensus Opinion: Moderate Buy Mean recommendation: 1.82 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 1.76 Zacks Rank: 2 out of 15 in the industry