Citigroup

Report: FDIC Will Bill Big Banks to Replenish Insurance Fund
Report: FDIC Will Bill Big Banks to Replenish Insurance Fund
November 16, 2023  |  Banking

America’s banking giants are reportedly on the hook for replenishing the government deposit insurance fund. The Federal Deposit Insurance Corp. (FDIC) is going to approve...

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Citigroup Begins Series of Wide-Ranging Layoffs
Citigroup Begins Series of Wide-Ranging Layoffs
November 15, 2023  |  Banking

Citigroup has reportedly begun cutting jobs as part of its CEO’s companywide overhaul. Workers at the banking giant were expected to be informed of the...

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Companies Seek Regulator Guidance in Help Developing AI Products
Companies Seek Regulator Guidance in Help Developing AI Products
November 10, 2023  |  Artificial Intelligence

Artificial intelligence isn’t changing just one thing; it is changing everything. Companies in safety-critical areas like finance, healthcare and the security sector are moving carefully...

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JPMorgan Works With US Regulators on Building AI Projects
JPMorgan Works With US Regulators on Building AI Projects
November 09, 2023  |  artificial intelligence

JPMorgan Chase is reportedly working with American regulators as it prepares its inaugural AI projects. The country’s largest bank wants to make sure proper controls are...

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Citigroup Reorganization Could Include Layoffs of 10%
Citigroup Reorganization Could Include Layoffs of 10%
November 06, 2023  |  Personnel

Citigroup is reportedly weighing wide-ranging job cuts as part of its CEO’s reorganization plans. Managers and consultants at work on “Project Bora Bora” — the in-house...

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Report: Ibotta Prepares for $2 Billion IPO
Report: Ibotta Prepares for $2 Billion IPO
November 02, 2023  |  IPO

Ibotta, the digital marketing software firm, is reportedly gearing up for an initial public offering (IPO) that could value the company at $2 billion or...

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Earnings Season Shows Card Delinquencies ‘Normalizing,’ but What Comes Next?
Earnings Season Shows Card Delinquencies ‘Normalizing,’ but What Comes Next?
October 27, 2023  |  Earnings

In the parlance of these times, and as earnings season commentary has pointed out, time and again: Consumer credit is normalizing. The question remains, however,...

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Citigroup Employees Have Pitched 350 Use Cases for Generative AI
Citigroup Employees Have Pitched 350 Use Cases for Generative AI
October 27, 2023  |  artificial intelligence

Citigroup is planning to leverage generative artificial intelligence (AI) to analyze documents, improve efficiency and ensure compliance with regulations. The potential applications of generative AI within...

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Bank Earnings Continue to Demonstrate Digital Shift Also Includes Branches 
Bank Earnings Continue to Demonstrate Digital Shift Also Includes Branches 
October 17, 2023  |  Earnings

Earnings season is less than a week old. But with some of the largest names in the industry having already reported, the digital shift and...

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