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 reporting...
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Citi Token Services Marks New Milestone in Delivering Next Gen Transaction Banking Services to Institutional Clients
US regulators fine Citi $136 million for failing to fix longstanding ...
Jul 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...
Government Fines Citigroup $136 Million for Failing to Fix …
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
Citi, Falling Behind Peers, Unveils ‘Uncomfortable’ Changes and …
Sep 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 direction and...
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...
Citigroup to cut 20,000 employees | CNN Business
Jan 12, 2024 · Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. The reduction comes after the company reported a $1.8 billion net loss for the fourth quarter of 2023...
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...
Citigroup Slashes Promotions as It Seeks to Overhaul Bank ... - U.S. News
3 days ago · Managers have been told that as many as 2,000 Citi employees could get promotions, with pay hikes limited to 15%, in the next month, down from about 8,000 in previous rounds, the FT report said ...