US regulators fine Citi $136 million for failing to fix longstanding ...
WEBJul 11, 2024 · WASHINGTON, July 10 (Reuters) - U.S. bank regulators fined Citigroup (C.N) $136 million for making "insufficient progress" fixing data management issues identified in 2020 and required the bank...
Trio of new Citigroup executives stirs succession talk on Wall Street
WEBJun 11, 2024 · Citigroup chief executive Jane Fraser has sparked speculation on Wall Street about a three-way race to be her heir apparent, after tapping a trio of outsiders with impressive résumés to aid her...
Citi News | Press Releases from Citi | Citi News Releases - Citigroup
WEBFind the latest news and updates from Citi, the leading global bank. Read about Citi's redemption of preferred stock, support for Asian Infrastructure Investment Bank, appointment as depositary bank, and more.
Citigroup to end sweeping overhaul this week after 5,000 layoffs
WEBMar 25, 2024 · Citigroup is in the last phase of a sweeping overhaul to simplify its structure and improve performance, the bank said, after shrinking its workforce by 5,000 employees since September.
Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
WEBNEW YORK, Feb 12 (Reuters) - U.S. regulators have asked Citigroup (C.N) for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a...
Statement from Citi CEO Jane Fraser on Regulatory Actions - Citigroup
WEBJul 10, 2024 · Jane Fraser, the CEO of Citigroup, issued a statement in July 2024 regarding the Federal Reserve Board and the OCC's actions related to its 2020 Consent Orders. She acknowledged the firm's progress and challenges in simplifying its business and improving its data quality management.
Citi Statement on Final Phase of Organizational ... - Citigroup
WEBMar 25, 2024 · Citi, the leading global bank, has concluded the major actions that align its structure with its simplified operating model. The bank will focus on its vision to be the preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in the US.
Citi taps tech chief Ryan to fix data management issues alongside …
WEB5 days ago · C. (Reuters) - Citigroup has tasked technology head Tim Ryan to work alongside Chief Operating Officer Anand Selva in fixing the bank's longstanding data management issues, according to a memo ...
Citigroup Inc. (C) Latest Stock News & Headlines - Yahoo Finance
WEBGet the latest news and headlines on Citigroup Inc. (C), a global financial services company. See how Citi's stock price, earnings, dividends, and analyst ratings are performing in the...
Citigroup discloses billions in one-time charges and reserves …
WEBJan 10, 2024 · Citigroup said it will take more than $3 billion in one-time expenses and reserves in the fourth quarter, including a special assessment to the FDIC. The bank is in the middle of a...
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