China Staged 'hostile' Audit Of Citi: Report

LOS ANGELES -- A U.S. diplomatic cable released by website Wikileaks said that Citigroup's Citibank Shanghai suffered a "hostile" and "extraordinarily intrusive" audit in 2007 meant to control the bank's growth and probe its business secrets, Reuters reported Tuesday. The leaked cable quoted the bank's country head at the time, Richard Stanley, as saying the China Banking Regulatory Commission ...