Citi affiliate settles AML violations probe tied to Mexico-bound remittances


Banamex USA will pay $97.4 million to the Justice Department over widespread anti-money-laundering abuses.


Citi joins big-bank brethren in backing blockchain firm Axoni


The roughly $2 million investment comes as banks keep joining (and in some cases, leaving) various distributed-ledger projects as they try to pick the winners in a young field.


Dumped by U.S. counterparts, Latin American banks tighten AML controls


Money laundering in Latin America is said to be worsening and a corruption probe in Brazil adds to the worries, but Latin American banks are fighting hard to preserve business with U.S. banks.


Deutsche Bank hires Citi's treasurer as CFO


Deutsche Bank hired Citigroup Treasurer James von Moltke to replace Marcus Schenck as chief financial officer, completing a management shake-up that's been key to the latest turnaround plan.


Credit card losses climb as consumers take on more debt


All six big card issuers reported higher chargeoffs in their credit card businesses, a sign that the post-crisis era of exceptionally strong credit performance has run its course.


One less female CEO-CFO duo; Supreme manteruppting


Carol Hayles’ departure from CIT leaves us with one less female CEO-CFO team in banking; even Supreme Court justices get manterrupted; a Google doodle celebrates a microlender; and Sen. Elizabeth Warren strikes a pose.


Citi CFO: Student loan market shows signs of overheating


Student loans are showing signs of growing too fast, perhaps the only market flashing a warning even as the economic recovery grows older, Citigroup Chief Financial Officer John Gerspach said.


Traditional banks outshine Goldman in 1Q fixed-income trading


B of A, JPMorgan and Citi beat trading estimates unlike Goldman Sachs, but the investment bank still doubled its quarterly profits.


Breaking Banks: Innovate Finance Global Summit 2017


At last week's conference in London, host Brett King took time away from speaking and judging startup pitches to talk to some of the main presenters, including Ruth Wandhöfer, Citi's global head of regulatory and market strategy.


Big banks still looking for margin lift, and other 1Q takeaways


Earnings season kicked off with some banks capitalizing better than others on higher rates and still-low deposit costs. Banks will have to keep working on that balance as they contend with rising credit card losses, slower commercial lending and other issues.