Citi
Citi
Citigroup is a global financial services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the global consumer banking segment and the institutional clients group.
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John Gerspach is scheduled to leave next March after 10 years and be succeeded by Mark Mason; ING will pay nearly $900 million for failing to stop money laundering by clients.
September 5 -
Nine of the world's biggest banks won dismissal of a lawsuit accusing them of conspiring to rig bonds issued by government entities and institutions like the World Bank, after a federal judge said the investors who sued didn't show how the alleged collusion led to higher prices for the securities.
August 29 -
JPMorgan Chase, State Street, Wells Fargo, Citigroup and Bank of America decreased their holdings of tax-exempt bonds by nearly $16 billion in the first half of 2018, according to quarterly filings with the U.S. Securities and Exchange Commission.
August 27 -
To expand its Asia Pacific regional reward redemption program, Pay with Points, Citi announced that it is enabling credit cardholders to spend their rewards points and miles to pay for a Spotify premium account.
August 27 -
Citigroup was so impressed with a test drive of AI software it invested in its maker; the FBI's warning of a cyberattack targeting ATMs came to pass — expect more to come; debating whether state AGs can serve as de facto CFPBs; and more from this week's most-read stories.
August 24 -
JPMorgan Chase, Citigroup and Goldman Sachs are among foreign lenders protesting a Russian central bank plan that would drastically reduce their ability to move funds from local units to their parent companies outside of Russia.
August 22 -
After years of scant progress on diversity measures, Citigroup has created hard targets for raising the percentages of women and African Americans in management positions by 2021, according to an internal memo from Chief Executive Officer Michael Corbat.
August 22 -
Citigroup was so impressed after a two-year test drive of software from the AI vendor Anaconda it decided to invest in the firm.
August 20 -
The Securities and Exchange Commission sanctioned Citigroup because of unauthorized proprietary trading as well as for the failure to detect suspect loans issued by its Banamex unit.
August 16 -
Domestic card growth has not lived up to the bank’s expectations, even after its Costco coup. So it is making changes here to get product development, payments technology and card portfolio management on the same page worldwide.
August 16 -
For Citigroup, a change in how it plans to operate in the U.S. is all about streamlining operations so its global network can be on the same page regarding product development, payments technology and card portfolio growth.
August 15 -
Two years after Citi launched more than 7 million contactless-enabled Costco credit cards in the U.S., Costco has finally enabled tap and pay at its U.S. stores.
August 14 -
Anand Selva, a longtime Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans, such as former Citi CEO Vikram Pandit.
August 14 -
Citigroup Inc. is restructuring its consumer banking operation in a shake-up that includes the departure of its global credit card chief.
August 13 -
The Fed's order targets affidavits prepared by employees of CitiFinancial in connection with the company's exiting the mortgage servicing business.
August 10 -
Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.
August 9 -
Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.
August 6 -
With Blankfein retiring, the JPM chief will be the last crisis-era big bank CEO still in charge; earnings and big payouts are boosting bank equity prices.
August 6 -
The trend poses challenges for banks, which have long required customers who want fees waived to put in their own effort.
August 2 -
Jamie Dimon and Lloyd Blankfein remain prominent public figures, but many other crisis-era CEOs have kept low profiles over the past decade.
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