Citigroup strips COO of responsibility after $136mn fine
WEB4 days ago · Citigroup is shifting responsibility for a key piece of its compliance work and around 800 employees from chief operating officer Anand Selva, after the bank was fined $136mn by regulators this ...
Trio of new Citigroup executives stirs succession talk on Wall Street
WEBJun 11, 2024 · Citigroup chief executive Jane Fraser has sparked speculation on Wall Street about a three-way race to be her heir apparent, after tapping a trio of outsiders with impressive résumés to aid her...
Citi News | Press Releases from Citi | Citi News Releases - Citigroup
WEBFind the latest news and updates from Citi, the leading global bank. Read about Citi's redemption of preferred stock, support for Asian Infrastructure Investment Bank, appointment as depositary bank, and more.
Citi Lowers Base Rate - citigroup.com
WEBSeptember 18, 2024. New York — Citibank, N.A. said today it has lowered its base lending rate to 8.0% from 8.5%, effective tomorrow, Thursday, September 19, 2024. About Citi. Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the ...
Fourth Quarter and Full Year 2023 Results and Key Metrics - Citigroup
WEBJan 12, 2024 · Citigroup reports net loss of $1.8 billion and revenue of $17.4 billion for Q4 2023, impacted by FDIC assessment, reserve build, devaluation and restructuring. For FY 2023, Citigroup reports net income of $9.2 billion and revenue of $78.5 billion, with progress on simplification, capital and shareholder returns.
Citi taps tech chief Ryan to fix data management issues alongside …
WEB4 days ago · C. (Reuters) - Citigroup has tasked technology head Tim Ryan to work alongside Chief Operating Officer Anand Selva in fixing the bank's longstanding data management issues, according to a memo ...
Citi profit beats on surge in investment banking, services strength
WEBJuly 12 (Reuters) - Citigroup (C.N) beat Wall Street expectations for second-quarter profit on Friday, boosted by a jump in investment banking, markets and services revenue, but shares fell 2%...
US regulators fine Citi $136 million for failing to fix longstanding ...
WEBJul 11, 2024 · WASHINGTON, July 10 (Reuters) - U.S. bank regulators fined Citigroup (C.N) $136 million for making "insufficient progress" fixing data management issues identified in 2020 and required the bank...
Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
WEBNEW YORK, Feb 12 (Reuters) - U.S. regulators have asked Citigroup (C.N) for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a...
Citigroup is 'no longer the financial supermarket of the past': Fraser
WEBJun 18, 2024 · Citigroup is paring back its ambitions, shedding businesses and cutting back headcount as it tries to revive its stock price and remove decades of bloat.
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