Citigroup Sued by Loomis Sayles Over $70 Million in Trade Losses

(Bloomberg) — Loomis, Sayles & Co. sued Citigroup Inc., alleging the bank caused more than $70 million in losses while executing two separate trading orders that swamped the market. Most Read from Bloomberg The Boston-based investment firm says Citigroup’s global markets unit was serving as its broker in the purchase of almost 800,000 shares of … Read more

Warren Buffett bought about $2.5 billion worth of Citigroup. If you’re looking for a low-risk approach to ‘buy the dip,’

The Oracle of Omaha has had a busy quarter. According to his latest 13F filing, Warren Buffett has deployed of his cash into new investments during the first three months of the year. As always, Buffett’s biggest swings are noteworthy. However, his decision to sell most bank stocks while adding Citigroup (C) to Berkshire Hathaway’s … Read more