Citigroup

Banking 2025, more Wells Fargo woe, compliance turnover: Top stories of the week

01/10/20

Potential sources of industry upheaval, and how to adapt; former Wells Fargo execs may face criminal charges in coming weeks; why banks have such high turnover of chief compliance officers; and more from this week's most-read stories.

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Banks’ record-breaking earnings streak has probably peaked

01/10/20

Estimates for 2020 are for a combined profit drop of $10 billion as global interest rates remain stubbornly low and geopolitical tensions stay high.

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Citi names Chubak head of U.S. retail banking

01/07/20

In his new role, Chubak will oversee all of Citigroup’s retail channels, product management and client segments.

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UBS is latest to downgrade shares of big banks

01/07/20

Net interest margin pressure, modest loan growth and limited operating leverage could weigh on bank stocks in 2020, UBS analysts said.

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Goldman in settlement talks with DOJ; Congress members ask JPM about equality

12/20/19

The bank could pay about $2 billion to close the 1MDB case in the U.S.; in letters lawmakers ask Dimon about policies to combat racism.

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Forecast for bank stocks in 2020: Not so bad

12/19/19

The fresh optimism is starting to outweigh some of the worries hanging over the sector heading into the new year.

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Regulators find 'shortcomings' in living wills of six large banks

12/17/19

The Federal Reserve and Federal Deposit Insurance Corp. found issues with the firms' ability to compile data on how they would be unwound during a period of financial stress.

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Citigroup hit with record U.K. fine for incorrect reporting

11/26/19

The Bank of England fined Citi $57 million for failing to properly report capital and liquidity levels at its European investment bank and other global operations.

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Google-Citi deal will face scrutiny; auto lending rises to near record level

11/14/19

The tech giant’s plan to offer checking raises concerns about how it will use customer data; third quarter loan originations were the second most on record.

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Google-Citi partnership stirs privacy concerns

11/13/19

Questions about the search giant's planned use of transactional data resonate not only with wary consumers, but also with banks that are worried about big tech’s financial services ambitions, as well as lawmakers and regulators concerned about the tech industry’s growing reach.

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