News Topic: Citigroup

The Protocol for Broker Recruiting, signed in 2004, was designed to mitigate lawsuits when advisers left to join a competitor. Recent high-profile defections have raised concerns that the accord could unravel. ... Read full article

It will pay $11.5 million to resolve Finra claims that a brokerage unit displayed inaccurate research ratings for hundreds of securities for nearly five years. ... Read full article

Prince Alwaleed bin Talal, the largest shareholder of Citigroup who has been detained since early November in a corruption probe, faces a demand from Saudi Arabian authorities of at least $6 billion to win his freedom, according to a report in the Wall ... Read full article

The tax reform legislation approved by Congress on Wednesday and expected to be signed by President Trump soon is mostly good news for banks, but many will have to take big charges in the fourth quarter as a result. ... Read full article

A new U.K. rule requiring firms to disclose their pay practices, combined with the increased attention on women's workplace issues in general, is forcing banks and other companies to be more forthcoming about what they are paying female employees. ... Read full article

Fed's supervision chief wants more openness on bank stress tests; cybercurrency jumps 40% in 40 hours, climbing past $19,000. ... Read full article

It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month. ... Read full article

Digital currency surges past both $12,000 and $13,000 on Wednesday; the bank may make it back quickly, depending on the corporate income tax rate. ... Read full article

Citigroup expects to take a noncash charge to earnings of about $20 billion if the Senate's version of the tax reform bill is enacted, Chief Financial Officer John Gerspach said. ... Read full article

America’s largest lenders made an epic mistake a decade ago when they cashed out of Visa and Mastercard through initial public offerings, says Chenault, who will step down in February as CEO of American Express. ... Read full article

Brian Johnson joins agency as senior adviser to acting director Mick Mulvaney; CME and Cboe are expected to begin trading bitcoin futures in the next few weeks. ... Read full article

Beth Mooney disarms “a ticking time bomb.” The former head of the Small Business Administration wants to buy Harvey Weinstein’s company. Plus, the CFPB showdown, an effective way to combat sexual harassment, and laundry tips from Anne Wojcicki. ... Read full article

Jayne Opperman is the third new tech hire the bank has made this month. ... Read full article

Jane Fraser, chief executive of Citigroup Latin America, explains how changes the company has made to its business model in that region are working so far. ... Read full article

Borrowing from the startup world and some popular TV shows, Citigroup is encouraging employees to pitch innovative ideas to a panel of senior execs who could give them the green light to start work. ... Read full article

Bank ponders assisting customers trading digital currency futures; banks still face challenges despite a good third quarter. ... Read full article

The Consumer Financial Protection Bureau on Tuesday ordered Citibank to pay $6.5 million in consumer relief and penalties for student loan servicing failures. ... Read full article

Improving gender equality could significantly boost growth in advanced economies over the coming decades, according to Citigroup Inc. ... Read full article