Banks Seeking New Protections in Wake of Citigroup’s $900M Mistake March 3, 2021 By Katherine Doherty and Lisa Lee Wall Street banks are seeking new legal protections to help avoid a repeat of Citigroup Inc.’s accidental $900 million payment...
Judge Denies Citibank Bid to Recoup Some of Mistaken $893M Payments to Revlon Lenders February 17, 2021 By Jonathan Stempel A federal judge on Tuesday said Citigroup Inc. is not entitled to recoup half a billion dollars of its own...
Financial Services CEOs in Davos Complain They Can’t Save Planet Without Clients’ Help January 21, 2020 By Viren Vaghela As the financial industry comes under pressure to avoid funding dirty energy, the heads of Citigroup Inc. and Zurich Insurance...
Citigroup’s Mexico Unit, Chubb Announce Bancassurance Distribution Agreement June 29, 2018 Citibanamex, a subsidiary of Citigroup Inc., and Chubb Seguros México, an affiliate of Chubb Ltd., announced a definitive long-term agreement...
WEF Helps Create Fintech Cyber Security Consortium; Members Include Zurich, Citigroup March 7, 2018 By Anna Irrera The World Economic Forum has led the creation of an industry consortium focused on improving the cyber security of financial...
Citigroup to Seek Bancassurance Distribution Partners in APAC Region: Source March 28, 2017 By Anshuman Daga Citigroup Inc. will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets,...
Allianz, AXA & Sompo to Distribute Products Across Asia via CIMB Bank Branches February 19, 2016 By Jonathan Browning, Joyce Koh and Komaki Ito Allianz SE, AXA SA and Sompo Japan Nipponkoa Holdings Inc. made final bids for the rights to distribute their general...
Reuters Special Report: U.S. Banks Book Trades Abroad to Bypass U.S. Regulation August 24, 2015 By Charles Levinson This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions...
JPMorgan Hackers May Have Hit Multiple Financial Firms October 9, 2014 By Jordan Robertson and Michael Riley The hackers who raided the data banks of JPMorgan Chase & Co. used computers now linked to possible attacks on...
Los Angeles Sues Citi, Wells Fargo Over Discriminatory Lending December 6, 2013 By Sakthi Prasad The city of Los Angeles has filed a lawsuit against Citigroup and Wells Fargo, seeking damages for a loss in...