The "digital asset receipt," similar to ETFs and ATRs, aims to expedite investing in cybercurrencies; CFO is taking the hit for the Dutch bank's lax anti-money laundering controls.

Citigroup is developing a new mechanism for trading cryptocurrencies such as bitcoin that would put it at the forefront of Wall Street's efforts to let clients bet on the largely unregulated market, according to a person with knowledge of the plans.

Agency’s first supervisory report under Mulvaney finds little change; the nonbank lender surpasses Citigroup and Bank of America in home loans.

Citigroup promoted bankers Tyler Dickson and Manolo Falco to run a reconstructed version of its investment banking operations.

Just before the end of summer, several major banks have put new faces in key executive positions.

Mark Mason, the incoming chief financial officer at Citigroup, cut his teeth on the sale of Citi's unwanted assets after the financial crisis.

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.

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.

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.

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.