Citigroup

Loan Loss Reserves Creep Up at Cautious Wells and Citi

Loan Loss Reserves Creep Up at Cautious Wells and Citi
Loan Loss Reserves Creep Up at Cautious Wells and Citi
July 15, 2022  |  Banking

The banks see strength — in consumer spending, debit, credit and in a recession that may prove short-lived. Get the Full Story Complete the form...

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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  |  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  |  Cross-border Payments

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  |  Cross-border Payments

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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