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

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

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

Citigroup (C) erroneously credited a client's account with $81T in what should have been a $280 transaction, a mistake that could intensify regulators' scrutiny on the bank, according to a media ...

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

The fourth quarter saw Buffett sell off significant chunks of his stakes in financial stocks including Bank of America and ...

Citigroup mistakenly credited a customer's account with $81 trillion last year when it meant to send just $280. The payment, which took place last April, was missed by two employees but caught 90 ...

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 has mistakenly credited a client with $81trn instead of $280, exposing serious lapses in its internal transaction ...

Citi’s mistaken Revlon payout led to the ousting of then-chief executive Michael Corbat, big fines and the imposition of regulatory consent orders requiring it to fix the issues. Jane Fraser, who took ...

directors noted that the bank has closed a 2013 consent order related to money laundering, but stressed that substantial work remained to be done. In 2020, the Office of the Comptroller of the ...