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A federal appeals court on Tuesday said a Citigroup vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in October 2020 over its risk management ...
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.
Regulators slapped Citigroup with $136 million in fines for failing to resolve long-standing deficiencies surrounding controls and risk management, a setback for CEO Jane Fraser as she tries to ...
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank , and Travelers ; Travelers was spun off from the company in 2002.
The Citigroup Center, originally known as Citicorp Center, is a 59-story skyscraper at 601 Lexington Avenue in the Midtown Manhattan neighborhood of New York City. [5] [6] [7] It was designed by architect Hugh Stubbins as the headquarters for First National City Bank (later Citibank), along with associate architect Emery Roth & Sons.
Tom Hayes (born October 1979 [1]) is a former trader for UBS and Citigroup who was convicted for conspiracy to defraud and sentenced to 14 years in prison (reduced to 11 years on appeal) for conspiring with others to dishonestly manipulate the London Interbank Offered Rate [2] as part of the Libor scandal.
Richard M. Bowen III is an American banker who blew the whistle on mortgage fraud at Citigroup that helped trigger the sub-prime mortgage crisis. A senior vice president at Citigroup, Bowen served as the chief underwriter of the financial services conglomerate's Consumer Lending Group. Bowen's responsibility was essentially to serve as the ...
Citigroup asked a U.S. judge to dismiss a racial-discrimination lawsuit that claims the bank violated federal civil rights law by waiving ATM fees for customers of minority-owned banks. The third ...