Citi News | Press Releases from Citi | Citi News Releases - Citigroup
Sep 26, 2024 · Citi and Google Cloud Announce Strategic Agreement to Modernize Citi’s Technology Infrastructure and Drive Innovation. October 28, 2024.
Citigroup strips COO of responsibility after $136mn fine
Sep 16, 2024 · Citigroup is stripping chief operating officer Anand Selva of his responsibility for a key piece of its compliance work, after the bank was fined $136mn by regulators this summer for...
Citigroup Inc. (C) Latest Stock News & Headlines - Yahoo Finance
Get the latest Citigroup Inc. (C) stock news and headlines to help you in your trading and investing decisions.
Citi to cut 20,000 jobs, posts $1.8 billion loss in 'disappointing ...
Jan 12, 2024 · Citigroup said it would cut 20,000 jobs over the next two years, acknowledging a "clearly disappointing" quarter marred by one-off charges that resulted in a $1.8 billion loss.
Exclusive: Citi breached a rule meant to keep banks safe, made ...
NEW YORK, July 31 (Reuters) - Citigroup, opens new tab repeatedly breached a U.S. Federal Reserve rule that limits intercompany transactions, leading to errors in its internal liquidity reporting...
Fourth Quarter and Full Year 2023 Results and Key Metrics - Citigroup
Jan 12, 2024 · Citigroup’s end-of-period loans were $689 billion at quarter end, up 5% versus the prior-year period, largely reflecting growth in cards in USPB. Citigroup’s end-of-period deposits were approximately $1.3 trillion at quarter end, down (4)% versus the prior-year period.
Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
NEW 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...
Citigroup is cutting 10% of its workforce in CEO Jane Fraser ... - NBC News
Jan 12, 2024 · Citigroup said Friday it booked a $780 million charge in the fourth quarter tied to Fraser’s restructuring project, and that it may post another $1 billion in severance and other expenses in 2024.
Citi, Falling Behind Peers, Unveils ‘Uncomfortable’ Changes and …
Sept. 13, 2023. Citigroup unveiled a wide-ranging management shake-up on Wednesday, and its chief executive, Jane Fraser, admitted in unusually frank terms that the bank was headed in the wrong...
Government fines Citigroup $136 million for ... - Associated Press News
Jul 10, 2024 · A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues.