Citi Fined by Swiss Exchange Regulator Over 2022 Fat-Finger Flash Crash March 10, 2025 By Noele Illien Citigroup Inc. was fined 500,000 Swiss francs ($568,000) by Switzerland’s stock exchange regulator for failures after a London staffer’s fat-finger...
Bank of America Scraps Diversity Goals in Latest Wall Street DEI Retreat February 26, 2025 By Katherine Doherty Bank of America Corp. is rolling back workplace representation targets and replacing references to diversity, joining peers in citing legal...
Citigroup Must Face New York Lawsuit Over Handling of Fraud Scams January 22, 2025 By Jonathan Stempel A federal judge on Tuesday rejected Citigroup’s bid to dismiss a lawsuit by New York Attorney General Letitia James claiming...
Ex-Citigroup Trader Wins Unfair Dismissal Case in Hong Kong December 27, 2024 By Kiuyan Wong An Asia equity sales trader who was fired from Citigroup Inc. in 2019 won an employment suit against the US...
Citi Pushes Back on New York’s Online Fraud Suit: We’re Not ‘Bad Guys’ October 9, 2024 By Chris Dolmetsch Citigroup Inc. said US banks will be forced into a “dramatic shift” in how electronic payments are processed if New...
Former Citigroup Exec Suing Bank Was Fired for Performance, Company Says August 26, 2024 By Tatiana Bautzer Citigroup alleges that a former managing director suing the bank was fired for performance reasons, rather than for what she...
Regulators Fine Citi $136M for Failing to Fix Longstanding Data Issues July 11, 2024 By Michelle Price, Pete Schroeder and Tatiana Bautzer U.S. bank regulators fined Citigroup $136 million for making “insufficient progress” fixing data management issues identified in 2020 and required...
Citigroup Asks 600 US Staffers to Return to Office Full-Time May 28, 2024 Citigroup has asked its 600 U.S. employees, who are eligible to work remotely, to return to office fulltime, it said...
Ex-Citi Banker Says She Was Fired for Refusing to Give False Data to Regulator May 23, 2024 By Saeed Azhar A former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired...
Citi’s CEO Fraser Wary of Insurance Giants’ Role in Private Credit April 25, 2024 By Nicholas Comfort Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds...