Citigroup

Citi to launch crypto vehicle; ING finance chief resigns

09/11/18

The "digital asset receipt," similar to ETFs and ATRs, aims to expedite investing in cybercurrencies; CFO is taking the hit for the Dutch bank's lax anti-money laundering controls.

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Citigroup is said to plan crypto trading that mimics market

09/10/18

Citigroup is developing a new mechanism for trading cryptocurrencies such as Bitcoin that would put it at the forefront of Wall Street's efforts to let clients bet on the largely unregulated market, according to a person with knowledge of the plans.

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CFPB defends its toughness; Freedom Mortgage's rapid rise

09/07/18

Agency’s first supervisory report under Mulvaney finds little change; the nonbank lender surpasses Citigroup and Bank of America in home loans.

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Citigroup promotes Dickson, Falco in investment banking revamp

09/06/18

Citigroup promoted bankers Tyler Dickson and Manolo Falco to run a reconstructed version of its investment banking operations.

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Cleaning up Citi's messes steeled new CFO

09/05/18

Mark Mason, the incoming chief financial officer at Citigroup, cut his teeth on the sale of Citi's unwanted assets after the financial crisis.

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U.S. Bank, Wells, Citi and Great Western: Bankers on the move

09/05/18

Just before the end of summer, several major banks have put new faces in key executive positions.

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Citi CFO to retire; Dutch bank hit with big AML fine

09/05/18

John Gerspach is scheduled to leave next March after 10 years and be succeeded by Mark Mason; ING will pay nearly $900 million for failing to stop money laundering by clients.

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Citi among banks winning dismissal of bond-rigging suit

08/29/18

Nine of the world's biggest banks won dismissal of a lawsuit accusing them of conspiring to rig bonds issued by government entities and institutions like the World Bank, after a federal judge said the investors who sued didn't show how the alleged collusion led to higher prices for the securities.

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Biggest U.S. banks slash muni-bond holdings after tax cut

08/27/18

JPMorgan Chase, State Street, Wells Fargo, Citigroup and Bank of America decreased their holdings of tax-exempt bonds by nearly $16 billion in the first half of 2018, according to quarterly filings with the U.S. Securities and Exchange Commission.

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Citi's AI bet, ATM attack, 'mini-CFPBs': Top stories of the week

08/24/18

Citigroup was so impressed with a test drive of AI software it invested in its maker; the FBI's warning of a cyberattack targeting ATMs came to pass — expect more to come; debating whether state AGs can serve as de facto CFPBs; and more from this week's most-read stories.

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