Citigroup Fined $400M Over Risk System Defects
“The public rebuke marks a major escalation of regulators’ efforts to get Citigroup to fix its risk systems."
Consumers Boost Citigroup’s Second-Quarter Performance
The first major bank earnings report demonstrates consumers may be key to the second-quarter profits of the largest financial institutions.
CFOs on the Move: Week Ending March 1
Citigroup, Kaiser Aluminum, MGM Resorts International, Marshall Space Flight Center, Tupperware Brands, Clear Channel Outdoor Holdings
Market Volatility Reduces Citigroup Revenue
The year-end gyrations on Wall Street pushed corporate and investor clients to “the sidelines, waiting for some clearer market conditions."
Visa, Mastercard Settle Long-Running Fee Suit
The companies said they have already set aside funds to cover the penalty.
CFOs on the Move: Week Ending Sept. 7
Citigroup, CalPERS, NCR, Talend, Tierra Nueva Technologies, Lantheus Holdings, Advance Auto Parts, At Home Group, Evertec, CSS Industries
SEC Charges Citigroup for Internal Controls Failure
A Citigroup subsidiary failed to detect fraudulent invoices and work estimates in a receivables factoring program for an oil industry provider.
Citigroup Profits Beat Estimates, But Revenue Misses
A lower effective tax rate gave the bank a significant net income boost.
Citi Plans Push For Digital Deposits
“People are willing to switch to a bank that is able to provide this kind of mobile-first experience,” said a Citigroup executive.
Snap Stock Slides After Kylie Jenner Outburst
The reality TV star said she's stopped using Snapchat but it's unclear that she single-handedly wiped more than $1 billion off Snap's market value.
Citigroup Takes $22B Charge on Tax Law Adjustments
The bank's earnings excluding the tax items beat estimates, with consumer banking posting a particularly strong quarter.