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Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. "The fourth quarter was very ...
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.
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup posted a smaller-than-expected drop in profit for the third quarter as debt underwriting propped up investment banking results.
Citigroup CEO Jane Fraser is betting a dramatic restructuring can revive the lender's stock price and remove decades of bloat.On Friday she disclosed how deep those cuts will go. The New York bank ...
More World News Stories Trump's suggestion the US 'take over' the Gaza Strip is rejected by allies and adversaries alike President Donald Trump’s proposal that the United States “take over” the Gaza Strip and permanently resettle its Palestinian residents has been swiftly rejected and denounced by American allies and adversaries alike More »
BBC News provides television journalism to BBC network bulletins (on BBC One and BBC Two) and programmes as well as the BBC News Channel available around the world and in the United Kingdom. BBC News runs BBC Radio 5 Live and BBC World Service as part of its rolling news coverage, journalists and presenters also contribute to podcasts produced ...
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 ...
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 ...