Citigroup And Apollo Team Up For $25B Private Credit, Direct Lending Program
The companies say they 'expect strong client demand and maintain the flexibility to significantly expand the size of the program.'
Citigroup's China Expansion Plans Hit After Failing To Fix Data Management, Risk Control Issues: Report
The fines have hindered the bank's ability to comply with licensing regulations in China. And, to expand its operations into China, the bank needs a clearance letter from the U.S. Federal Reserve.
To Repair Its Reputation, Citibank Must Fix Its Culture
Citigroup has been hit with a torrent of suits and scandals in recent years -- all centered on the abusive way the bank has treated its customers.
Citigroup Fined $136M Over Long-Standing Internal Control, Risk Managment Issues
The fines were levied by the Federal Reserve and the Office of the Comptroller of the Currency (OCC).
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Citibank To Pay $25.9 Million For Discrimination Against Armenian Americans
The CFPB said the bank treated credit card applicants as criminals.
Citigroup Considers Cutting At Least 10% Of Jobs: Report
The cuts are part of the bank's reorganization plan, CNBC said.
Bank Earnings Soar As Jamie Dimon Warns Of 'Most Dangerous Time In Decades'
The CEO of the biggest US bank is concerned about the war in Ukraine and the conflict between Israel and Hamas.
In Focus This Week: House Speaker, US Inflation, Earnings, Birkenstock IPO
Republicans are expected to choose a final candidate for House Speaker; Citigroup, JPMorgan and Wells Fargo release third-quarter results.
Citigroup Unveils New Token Service That Transforms Deposits Into Digital Assets
Citi Token Services offers round-the-clock cross-border payments, automated trade finance solutions and liquidity to its institutional clients..
Why Wall Street Cooled Off To Big Bank Earnings
Last Friday, Citigroup, JP Morgan and Wells Fargo reported better earnings than the previous quarter.
Long Island Rep. George Santos May Have Faked His Resumé: Report
An investigative report said that Long Island Republican Rep. George Santos did not work at two Wall Street firms and had a criminal record in Brazil.
This Wall Street Bank Joined The Corporate Exodus From Russia, Others Remain Cautious
Goldman Sachs announced on Thursday that it would be winding down its operations in Russia, but other major Western banks are more reluctant to cut ties just yet.
Pepsi, Citi: Yale Professor Lists Businesses That Have Stayed In Russia
As hundreds of Western businesses exit Russia over its invasion of Ukraine, a Yale professor has shared a list of those that are not following them out the exit.
Banks In This Country Are Asking Employees To Return To Offices
As Prime Minister Boris Johnson announced the United Kingdom will ease its COVID protocols, major banks such as Goldman Sachs and HSBC have asked their employees to return to offices.
US Judge: Citi Can't Get Back $500 Mn It Wrongly Paid Out
US judge: Citi can't get back $500 mn it wrongly paid out
Large US Banks Eye Improving Economy After Rocky 2020
Large US banks eye improving economy after rocky 2020
US Stocks End Mostly Up, Shrugging Off Trump Stimulus Threat
US stocks end mostly up, shrugging off Trump stimulus threat
Second Stimulus Update: Public Pushes Back On $600 Checks
The latest stimulus measure as proposed would supplement state unemployment insurance with $300 a week and send another $600 to individual taxpayers.
Top Black Citicorp Executive With High-Powered Allies To Leave Bank To Run For Mayor Of New York City
Raymond McGuire has been one of the most prominent Black executives on Wall Street.
US Fines Citibank $400 Mn For Poor Risk Management Practices
US fines Citibank $400 mn for poor risk management practices
Citi Report Sees $16 Tn Drag On US Economy From Racism
Citi report sees $16 tn drag on US economy from racism
JPMorgan Pauses Reopening As Employee Tests Positive For COVID-19
JPMorgan Chase & Co. sent some of its Manhattan employees home this week after an employee in equities trading tested positive for Covid-19, Bloomberg reported.
Citigroup's Jane Fraser First Woman To Break Wall Street's Glass Ceiling
Citigroup's Jane Fraser first woman to break Wall Street's glass ceiling
Citibank Names Jane Fraser As The First Female CEO Of A Major Wall Street Bank
Fraser will succeed Michael Corbat, who is stepping down in February after eight years.
Citigroup Names Jane Fraser As First Woman CEO
Citigroup names Jane Fraser as first woman CEO
Banks In US, Europe Preparing For Full Impact Of Coronavirus Pandemic
Aside from anticipated loan losses and bankruptcies, banks are also dealing with very low interest rates.
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