Citigroup (NYSE:C) plans to significantly cut its use of information technology contractors, while adding thousands of IT ...

In 2023, the Consumer Financial Protection Bureau cited Citibank for discriminating against Armenian Americans. The recent ...

as well as big fines and regulatory consent orders requiring Citi to fix the issues. Corbat's successor, Jane Fraser, has ...

Shares of JPMorgan Chase (NYSE: JPM), the largest bank in the U.S. by assets, traded nearly 5% lower as of 10:52 a.m. ET. Shares of Wells Fargo (NYSE: WFC) traded 6.5% lower at that time, while shares ...

Citigroup (NYSE:C) erroneously credited a client's account with $81T in what should have been a $280 transaction, a mistake ...

Wells Fargo views the Financial Times’ reporting Friday on Citi’s (C) near-miss money transfers as backward looking with no impact to the ...

Dipendra Malhotra, former head of analytics, AI and data at Morgan Stanley's wealth unit, will help drive technology ...

Citi’s mistaken Revlon payout led to the ousting of then-chief executive Michael Corbat, big fines and the imposition of ...

Citigroup (C) mistakenly credited $81 trillion to a customer’s account last year and took hours to reverse the transaction, ...

On the regulatory front, directors noted that the bank has closed a 2013 consent order related to money laundering ... and the Federal Reserve fined Citi $400 million for risk and data failures.

Citigroup, one of the largest global banks, made a major operational error last year and accidentally transferred $81 ...