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 ...

Los Angeles officials are reaching out to the local Armenian community for assistance with an ongoing investigation into ...

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

The Fed said that Citi has made “insufficient progress remediating its problems with data quality management and failed to implement compensating controls to manage its ongoing risk.” ...

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, The Financial Times reports. The bank was supposed to credit just $280.

the Federal Reserve Board fined Citi $60.6 million and the Office of the Comptroller of the Currency fined the bank $75 million over what the regulators said were violations of the consent orders ...

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.