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Salomon Smith Barney Holdings Inc

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BUSINESS
September 1, 1998 | Bloomberg News
Salomon Smith Barney Holdings Inc., the third-biggest U.S. securities firm, said it lost about $150 million after taxes during July and August because of trading in Russia, U.S. bond arbitrage and global arbitrage. Salomon, known for leveraged bets in bond markets around the world and for volatile earnings, had a string of trading losses since Travelers Group Inc. agreed to buy the firm a year ago and has shuttered some of its investment businesses.
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BUSINESS
April 6, 2004 | From Reuters
A former Salomon Smith Barney analyst has agreed to a six-month suspension from the securities industry and a $100,000 fine to settle charges that she issued misleading research on Winstar Communications Inc., the NASD said Monday.
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BUSINESS
July 16, 2002 | Bloomberg News
Citigroup's Salomon Smith Barney unit, which New York Atty. Gen. Eliot Spitzer is investigating for possible conflicts of interest in its stock research, proposed industrywide rules separating analysts from investment bankers. In a letter Friday to industry regulators, Citigroup Chairman Sanford Weill suggested that analysts be prohibited from attending meetings with bankers soliciting business from public companies.
BUSINESS
January 29, 2003 | From Bloomberg News
Citigroup Inc., the world's largest financial services company, must defend allegations of biased analyst research in nine separate investor lawsuits instead of just one, a federal judge in New York ruled on Tuesday. Shareholders of WorldCom Inc., Global Crossing Ltd., AT&T Corp. and six other companies sued the bank's Salomon Smith Barney unit, alleging analysts had artificially boosted the value of nine technology stocks to gain investment-banking business. Some investors asked U.S.
BUSINESS
January 25, 2003 | From Associated Press
Citigroup Inc. Chairman and Chief Executive Sanford I. Weill has been ordered to give a deposition in a class-action lawsuit brought against Citigroup's Salomon Smith Barney unit by former brokers. The brokers claim that Weill was directly involved in introducing a 1990 plan at what was then called Smith Barney in which brokers contributed part of their commissions into a deferred compensation fund. The brokers say the money was never repaid.
BUSINESS
October 13, 1998
Los Angeles-based sporting goods maker K2 Inc. said it has hired Salomon Smith Barney to help it sell its Simplex building products division. K2 warned that its third-quarter earnings for the period ended Sept. 30 will be below expectations and that Simplex will be counted as a discounted operation. The company also said its board authorized a buyback of up to 1.7 million shares of stock, about 10%.
BUSINESS
December 14, 2002 | From Bloomberg News
Salomon Smith Barney Inc., a unit of Citigroup Inc., was ordered to pay almost $3.2 million to a female employee for sexual discrimination. An arbitration panel ruled that the securities firm must pay Tameron Keyes about $1.5 million in punitive damages and about $1.5 million in compensatory damages as well as $150,000 for emotional distress, said Marvin Krakow, Keyes' lawyer. Keyes, who could not be reached for comment, works as a stockbroker in Salomon's Beverly Hills office, Krakow said.
BUSINESS
January 29, 2003 | From Bloomberg News
Citigroup Inc., the world's largest financial services company, must defend allegations of biased analyst research in nine separate investor lawsuits instead of just one, a federal judge in New York ruled on Tuesday. Shareholders of WorldCom Inc., Global Crossing Ltd., AT&T Corp. and six other companies sued the bank's Salomon Smith Barney unit, alleging analysts had artificially boosted the value of nine technology stocks to gain investment-banking business. Some investors asked U.S.
BUSINESS
December 3, 1999 | STEPHEN GREGORY, SPECIAL TO THE TIMES
San Bernardino County ended its relationship with brokerage Salomon Smith Barney on Thursday after the county treasurer concluded that the municipality paid as much as $308,000 in potentially avoidable commission fees as part of transactions overseen by his predecessor, who last week pleaded guilty to federal bribery charges involving the awarding of county contracts.
BUSINESS
November 10, 1998 | Bloomberg News
Citigroup Inc. said Steven Black, global head of equities at its Salomon Smith Barney Inc. securities unit, resigned in an ongoing reshuffle at the top of the world's biggest financial services company. Separately, Citigroup, whose stock has been hampered recently by concerns about the integration of Citicorp and Travelers Group into Citigroup, said it was buying back $2 billion of its own stock.
BUSINESS
January 25, 2003 | From Associated Press
Citigroup Inc. Chairman and Chief Executive Sanford I. Weill has been ordered to give a deposition in a class-action lawsuit brought against Citigroup's Salomon Smith Barney unit by former brokers. The brokers claim that Weill was directly involved in introducing a 1990 plan at what was then called Smith Barney in which brokers contributed part of their commissions into a deferred compensation fund. The brokers say the money was never repaid.
BUSINESS
December 14, 2002 | From Bloomberg News
Salomon Smith Barney Inc., a unit of Citigroup Inc., was ordered to pay almost $3.2 million to a female employee for sexual discrimination. An arbitration panel ruled that the securities firm must pay Tameron Keyes about $1.5 million in punitive damages and about $1.5 million in compensatory damages as well as $150,000 for emotional distress, said Marvin Krakow, Keyes' lawyer. Keyes, who could not be reached for comment, works as a stockbroker in Salomon's Beverly Hills office, Krakow said.
BUSINESS
September 26, 2002 | WALTER HAMILTON, TIMES STAFF WRITER
Salomon Smith Barney, beset by high-profile financial scandals, will propose on Friday a detailed settlement offer to federal regulators that will include a large fine and structural reform, sources said Wednesday.
BUSINESS
August 28, 2002 | From Bloomberg News and Reuters
Citigroup Inc.'s Salomon Smith Barney brokerage and its predecessor awarded coveted initial public offering shares to several WorldCom Inc. executives and directors, including founder Bernard J. Ebbers, according to documents released Tuesday by the House Financial Services Committee. The committee, investigating allegations that Salomon set aside IPO shares for executives in exchange for investment banking business during technology stocks' heyday, subpoenaed the documents.
BUSINESS
July 16, 2002 | Bloomberg News
Citigroup's Salomon Smith Barney unit, which New York Atty. Gen. Eliot Spitzer is investigating for possible conflicts of interest in its stock research, proposed industrywide rules separating analysts from investment bankers. In a letter Friday to industry regulators, Citigroup Chairman Sanford Weill suggested that analysts be prohibited from attending meetings with bankers soliciting business from public companies.
BUSINESS
July 17, 2001 | Associated Press
Investment bank Salomon Smith Barney has settled a lawsuit filed by the Equal Employment Opportunity Commission that accused the securities firm of discriminating against a group of black American, Haitian, Nigerian and West Indian employees, the federal agency said. Salomon agreed to pay the five employees named in the suit a total of $635,000, according to a news release issued by the EEOC. In addition, the investment bank agreed to ensure equal employment opportunities for all its employees.
BUSINESS
July 17, 2001 | Associated Press
Investment bank Salomon Smith Barney has settled a lawsuit filed by the Equal Employment Opportunity Commission that accused the securities firm of discriminating against a group of black American, Haitian, Nigerian and West Indian employees, the federal agency said. Salomon agreed to pay the five employees named in the suit a total of $635,000, according to a news release issued by the EEOC. In addition, the investment bank agreed to ensure equal employment opportunities for all its employees.
BUSINESS
August 28, 2002 | From Bloomberg News and Reuters
Citigroup Inc.'s Salomon Smith Barney brokerage and its predecessor awarded coveted initial public offering shares to several WorldCom Inc. executives and directors, including founder Bernard J. Ebbers, according to documents released Tuesday by the House Financial Services Committee. The committee, investigating allegations that Salomon set aside IPO shares for executives in exchange for investment banking business during technology stocks' heyday, subpoenaed the documents.
BUSINESS
December 3, 1999 | STEPHEN GREGORY, SPECIAL TO THE TIMES
San Bernardino County ended its relationship with brokerage Salomon Smith Barney on Thursday after the county treasurer concluded that the municipality paid as much as $308,000 in potentially avoidable commission fees as part of transactions overseen by his predecessor, who last week pleaded guilty to federal bribery charges involving the awarding of county contracts.
BUSINESS
December 3, 1999 | From Bloomberg News
Officials in San Bernardino County said they've ended all trading with brokerage Salomon Smith Barney as they investigate some mutual-fund sales the firm made to the county. County Treasurer Dick Larsen said that Salomon charged San Bernardino, the largest county in the United States in area, commissions on its trades at the rate it would charge a retail customer. With $1.
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