Citigroup

BNY Mellon whistleblower gets $50 million; Citi sees an opening in EMEA

06/05/20

The employee assisted authorities in currency trading investigations that cost the bank $714 million; Citi is eyeing an expansion of its commercial banking ops in Europe, Middle East and Africa as other lenders exit on coronavirus fears.

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Citi sees surge in corporate online account opening amid pandemic

06/04/20

The quarantine and Citi's shift from hardware to software tokens have led to a 300% spike in commercial clients' opening of accounts online as well as increased digital banking use.

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Karen Peetz to join Citi in newly created role

06/03/20

The veteran banker will serve as chief administrative officer, with responsibilities that include strengthening Citi’s data architecture, creating greater consistency in its dealings with regulators and enhancing its efforts to combat money laundering.

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Coronavirus response allows banks to ‘change the narrative’: Citi chair

06/03/20

John Dugan says a successful effort by banks to alleviate the economic damage of the pandemic could boost the industry's reputation.

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Banks have a mountain of deposits, so they don’t need PPP funding

06/01/20

The Federal Reserve set up a liquidity facility to help banks meet demand for emergency small-business loans through the Paycheck Protection Program, but it's gone largely unused.

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Big-bank execs condemn racism after George Floyd death

05/30/20

The chiefs of some of the biggest U.S. banks called on their workers to fight racism after an unarmed black man died as a result of a white police officer kneeling on his neck, prompting nationwide protests.

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Credit card lenders clamp down to mitigate coronavirus risk

05/29/20

Since March, issuers have tightened their criteria for opening new accounts and closed millions of existing ones in hopes of avoiding waves of defaults.

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Citi breaks with rivals on whether work from home is permanent

05/29/20

Though he acknowledged working remotely has definite advantages, CEO Michael Corbat says “our goal is to get our employees back."

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Virtual therapy, yoga, pet parties: Banks' answers to worker stress

05/24/20

Demand has soared for mental health services as bank employees put in long hours, supervise kids while working at home and endure personal crises. Citi, BofA, Fifth Third and others are getting creative to help them decompress during the pandemic.

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Citi eyes offices in suburbs to ride out Manhattan’s recovery

05/20/20

With the pandemic fueling anxiety about public transportation and dense urban offices, financial firms in Manhattan are looking elsewhere for space to let workers spread out and avoid commuting into the city.

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