Exclusive: Citigroup profits hit by major Mexican fraud as chief executive Michael Corbat admits 'impact to our credibility is harder to calculate'
Citigroup was today forced to slash its profits for last year due to a major fraud uncovered in Mexico described by its chief executive as a “galling example” of staff failing to act to the highest ethical standards.
Latest Video
Anthony Hilton: The most unethical business sectors are revealed in a survey of the press
Breakfast on Tuesday with the Institute of Business Ethics, an organisation founded in 1986 to help spread good practice and assist firms in establishing and embedding a culture of ethical behaviour.
Mobile World Congress: Wear it, drive it, see through it - the ‘internet of things’ is almost here
Gideon Spanier see the potential for mobile technology on display at a trade show in Barcelona
Market Report: It is hard to imagine what could prevent a test of the Footsie all-time highs
Mergers and takeover excitement on Wall Street pushed stocks up stateside helping the Footsie to a 14‑year high yesterday.
Market Report: Sherborne Investors builds 10% stake in Electra Private Equity
Ed Bramson’s Sherborne Investors is back – but is activism or passivism his game?
-
'Human Barbie' says she wants to 'subsist on air and light alone'
-
Tattoo Icons: What would Audrey Hepburn, Princess Di and Barack Obama look like if they were heavily tattooed?
-
Sex in men's prisons: 'The US system cultivates rape. If you treat people like animals, they behave like it'
-
Ukraine - The invasion begins: armed Russian-speaking gunmen with Crimea in their grip as Barack Obama warns Moscow
-
Volcanic eruptions ‘contributed to global warming pause’, scientists claim
-
India's gay community scrambling after court decision recriminalises homosexuality
-
Ukraine - The invasion begins: armed Russian-speaking gunmen with Crimea in their grip as Barack Obama warns Moscow
-
Independence row gets vicious as First Minister Alex Salmond accuses UK Government of being 'thieves' who plunder Scotland's oil and gas reserves
-
Now the two most famous scientific institutions in Britain and the US agree: 'Climate change is more certain than ever'
-
Christian group behind controversial Creationist Museum to build 800-acre theme park with replica Noah’s Ark
- 1 'Human Barbie' says she wants to 'subsist on air and light alone'
- 2 Tattoo Icons: What would Audrey Hepburn, Princess Di and Barack Obama look like if they were heavily tattooed?
- 3 14-year-old floors the world with deceptively simple poem
- 4 Carrie Underwood: US country queen speaks out for gay marriage – but how will conservative fans take it?
- 5 Ukraine - The invasion begins: armed Russian-speaking gunmen with Crimea in their grip as Barack Obama warns Moscow
Win £250 UNIQLO vouchers
For your chance to win £250 worth of vouchers to spend online, UNIQLO is asking readers to review your favourite pair of UNIQLO Jeans.
Win an Ultimate Rimmel London Makeover kit
We’re teaming up with Rimmel London to give away an ultimate London makeover kit worth over £250 to one lucky winner.
This is Kenya
Exploring hidden coastal coves and witnessing the greatest wildlife show on earth are just a few of the experiences that Kenya has to offer.
Win a luxury two-night break in York
Plus two East Coast return tickets from London to York and two York Passes
What has Europe ever done for you?
Most of us are unaware of what we are entitled to as EU citizens. Find out more - plus your chance to debate Europe's future.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
The European debate: Reader survey
Take part in our reader survey on European rights. plus your chance to join the debate on Europe's future.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Independent Dating
iJobs Money & Business
STP On-Boarding and Support (Trade Processing, STP, Finance)
£35000 per annum: Harrington Starr: STP On-Boarding and Support Analyst (Trade...
PHP, LAMP, Ecommerce, SQL, Developer (Server Side) Finance
£35000 - £50000 per annum + Benefits : Harrington Starr: PHP, LAMP, Ecommerce,...
Market Data Consultant, Account Manager, Real Time Data, Corpor
£50000 - £60000 per annum + Bonus + Benefits: Harrington Starr: Market Data Co...
Business Analyst - front office, asset management
£45000 - £70000 per annum + BONUS + BENEFITS: Harrington Starr: A growing prov...