Citibank

What Inquiring Minds Should Have Known – Second Circuit Ruling on Inquiry Notice Saves Citibank from $900 Million Payment Mistake

10/11/22

A recent decision by the Second Circuit Court of Appeals has saved Citibank from the ramifications of an internal error that could have cost it nearly $900 million.  Although the recipients of an unintended transfer of Citibank’s funds could have reasonably believed that they were receiving early payment on a loan and had no actual knowledge that the payment

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Gen Y likes advice it's getting from big banks: Survey

02/06/20

A new report from J.D. Power found that younger consumers increasingly believe the largest banks are better than regionals at providing financial guidance through digital channels.

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Citibank fined nearly $18 million for flood insurance violations

01/21/20

The OCC said Citigroup's main bank subsidiary violated the Flood Disaster Protection Act by not ensuring that borrowers with homes in flood hazard areas had insurance coverage.

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