Citigroup

Big Banks Face Big Fines Over Messaging Apps

Big Banks Face Big Fines Over Messaging Apps
Big Banks Face Big Fines Over Messaging Apps
July 15, 2022  |  Bank Regulation

Five of America’s biggest investment banks are preparing to pay a combined $1 billion in fines for letting their workers use unauthorized messaging apps. Get...

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Citigroup to Add 4,000 Tech Workers to Move Clients Online
Citigroup to Add 4,000 Tech Workers to Move Clients Online
June 06, 2022  |  Digital-First Banking

Citigroup said Monday (June 6) it plans to hire more than 4,000 people to join its tech team to help move institutional clients online following...

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Citigroup Temporarily Halts SPACs Awaiting Legal Clarity
Citigroup Temporarily Halts SPACs Awaiting Legal Clarity
April 05, 2022  |  SPAC

Citigroup is temporarily pulling the plug on public offerings with special purpose acquisition companies (SPACs) until it gets legal clarity about proposed legislation and what...

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CE100™ Loses 13.6% in 1Q 2022
CE100™ Loses 13.6% in 1Q 2022
April 04, 2022  |  Connected Economy

There’s no way to sugarcoat it. To boil down the performance of the CE100™ Index, one word would suffice: underperformance. Get the Full Story Complete...

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Citigroup Launches Three-Phase Plan to Overhaul Operations and Returns
Citigroup Launches Three-Phase Plan to Overhaul Operations and Returns
March 02, 2022  |  Banking

Citigroup executives Wednesday (March 2) unveiled a three-phase plan they say will streamline the banking conglomerate’s operations and improve return rates for customers, according to...

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EMEA Daily: Switzerland Breaks Neutrality, Freezes Russia’s Assets; Dutch Antitrust Body Hits Apple with Sixth Fine of $5.7M
EMEA Daily: Switzerland Breaks Neutrality, Freezes Russia’s Assets; Dutch Antitrust Body Hits Apple with Sixth...
February 28, 2022  |  International

In today’s top Europe, Middle East, and Africa news, Switzerland put neutrality on hold and froze all of Russia’s assets due to the invasion of...

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Citigroup’s Russian Exposure at $5.4B
Citigroup’s Russian Exposure at $5.4B
February 28, 2022  |  International

Citigroup reported Monday (Feb. 28) that its total exposure to Russian assets was at $5.4 billion at the end of December 2021, down from $5.5...

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HSBC CEO: No Plans to Buy Citi’s Banamex Bank in Mexico
HSBC CEO: No Plans to Buy Citi’s Banamex Bank in Mexico
February 23, 2022  |  Banking

HSBC executives, representing one of Mexico’s biggest banks, have told investors that the bank doesn’t want to buy out Citigroup’s consumer bank Banamex, Reuters reported...

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Criminal Charges Against Deutsche Bank, Citigroup Dropped in Australian Banking Cartel Case
Criminal Charges Against Deutsche Bank, Citigroup Dropped in Australian Banking Cartel Case
February 11, 2022  |  Legal

Federal prosecutors on Friday (Feb. 11) dropped criminal charges against Citigroup, Deutsche Bank and four senior bankers related to a “significant cartel case” by the...

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