Gupta on Rajaratnam's "important people" list: witness

NEW YORK (Reuters) - Former Goldman Sachs director and McKinsey & Co executive Rajat Gupta was on a list of "important people" that now-imprisoned hedge fund manager Raj Rajaratnam was willing to be disturbed to take their phone calls, his onetime secretary testified at Gupta's insider-trading trial on Tuesday. Former Galleon Group employee Caryn Eisenberg, testifying for the prosecution, also told the Manhattan federal court jury that she saw Gupta "many times" in the firm's 34th floor Madison Avenue office in 2008 and 2009. ...

FINRA fines Citigroup Global Markets $3.5 million

(Reuters) - The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $3.5 million for providing inaccurate information related to subprime securitizations. The brokerage and securities arm of Citigroup posted inaccurate mortgage performance data on its website from January 2006 to October 2007, the regulator said in a statement, adding that the data remained on the website until this month. ...

Citigroup says cautious on U.S. small-, mid-cap cos

(Reuters) - Citigroup said it has a cautious view on the U.S. small-and mid-cap companies on concerns over earnings pressure in the second half amid the euro zone crisis and the political uncertainty in the United States. Analyst Scott Chronert downgraded the small and mid-cap technology sector to "market weight", saying expectations for margin improvement for the group may be tough to meet even as valuations remain attractive. Chronert upgraded the health care and utilities sectors to "overweight" on valuation. ...