Citigroup must face New York lawsuit over handling of fraud scams
2 days ago · NEW YORK, Jan 21 (Reuters) - A federal judge on Tuesday rejected Citigroup's (C.N), opens new tab bid to dismiss a lawsuit by New York Attorney General Letitia James claiming it failed to protect ...
Citi cuts return targets to spend more on regulatory fixes, plans …
Jan 15, 2025 · Citi's investment banking revenue rose 35% to $925 million in the fourth quarter. Global investment banking revenue jumped 26% in 2024 to $86.8 billion, according to data from Dealogic.
Exclusive: A key to Citi's regulatory woes - staff need skills ...
Oct 15, 2024 · Citigroup has struggled to adequately train employees in risk, compliance and data roles, according to the bank's own assessment, shedding light on why it is taking it years to fix regulatory...
Citi cuts return targets to spend more on regulatory fixes, plans …
Jan 15, 2025 · (Reuters) -Citigroup cut its closely watched profitability target in 2026 as it tackles rising regulatory expenses and, at the same time, announced a $20 billion share buyback program.
Citi hit by new Fed rebuke, setbacks on consent orders | Reuters News ...
Feb 13, 2024 · Reuters exclusively reported that U.S. regulators asked Citigroup for urgent changes to the way it measures default risk of its trading partners. Reuters also reported exclusively that the bank’s own auditors found a plan to improve internal oversight to be lacking.
Citi must face NY AG suit over handling of fraud claims, Reuters ...
2 days ago · Citi (C)group must face a lawsuit by New York Attorney General Letitia James which alleges it failed to protect customers from online scammers and refused to reimburse customers who were ...
Citigroup Axes More Jobs as Part of Ongoing Cost-Cutting Plan - U.S. News
Jan 16, 2025 · (Reuters) -Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on Thursday, as a part of the sweeping reorganization under Chief ...
Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
Feb 12, 2024 · U.S. regulators have asked Citigroup for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a plan to improve internal oversight to...
Citigroup CEO Faces Growth Challenge as Overhaul Rattles ... - U.S. News
Apr 9, 2024 · NEW YORK (Reuters) -Citigroup investors have rewarded CEO Jane Fraser with a share price boost after Fraser announced a sweeping overhaul of Citi’s sprawling structure in September, cutting costs...
Citigroup discloses billions in one-time charges and reserves …
Jan 10, 2024 · Citigroup (C) is in the middle of a complicated restructuring. It made it clear Wednesday that its fourth quarter earnings report Friday will be complicated, too. The giant New York-based bank...