Citigroup’s China Expansion Plan Put on Hold by US Regulators
WEB1 day ago · September 22, 2024 at 8:00 PM EDT. Save. Citigroup Inc.’s expansion plan in China has hit a roadblock with US regulators after the Federal Reserveimposed a penalty on the bank for its data ...
Citigroup's China expansion held up by US regulators, Bloomberg News …
WEB1 day ago · Citigroup's expansion plan in China has hit a roadblock with U.S. regulators after the Federal Reserve imposed a penalty on the bank for its data management and risk controls, Bloomberg News ...
US regulators fine Citi $136 million for failing to fix longstanding ...
WEBJul 11, 2024 · WASHINGTON, July 10 (Reuters) - U.S. bank regulators fined Citigroup (C.N) $136 million for making "insufficient progress" fixing data management issues identified in 2020 and required the bank...
Trio of new Citigroup executives stirs succession talk on Wall Street
WEBJun 11, 2024 · Citigroup chief executive Jane Fraser has sparked speculation on Wall Street about a three-way race to be her heir apparent, after tapping a trio of outsiders with impressive résumés to aid her...
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Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
WEBNEW YORK, Feb 12 (Reuters) - U.S. regulators have asked Citigroup (C.N) for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a...
Citi Statement on Final Phase of Organizational ... - Citigroup
WEBMar 25, 2024 · Citi Statement on Final Phase of Organizational Simplification Changes. NEW YORK - "Today we shared with our colleagues that we have concluded the major actions that we announced in September 2023 that align Citi’s structure with our simplified operating model.
Fourth Quarter and Full Year 2023 Results and Key Metrics - Citigroup
WEBJan 12, 2024 · Citigroup’s end-of-period loans were $689 billion at quarter end, up 5% versus the prior-year period, largely reflecting growth in cards in USPB. Citigroup’s end-of-period deposits were approximately $1.3 trillion at …
Government fines Citigroup $136 million for ... - Associated Press News
WEBJul 10, 2024 · 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.
Pressure is building on Wall Street’s most powerful woman to pull Citi …
WEBJul 11, 2024 · Since September, when Fraser laid out her vision for a more streamlined Citigroup, the bank’s stock has shot up more than 50%. For the first time in nearly two decades, Wall Street appears to be...
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