Citigroup

JPMorgan, Citi decry Russian plan to limit funds held abroad

08/22/18

JPMorgan Chase, Citigroup and Goldman Sachs are among foreign lenders protesting a Russian central bank plan that would drastically reduce their ability to move funds from local units to their parent companies outside of Russia.

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Citigroup's three-year plan to reverse its falling diversity

08/22/18

After years of scant progress on diversity measures, Citigroup has created hard targets for raising the percentages of women and African Americans in management positions by 2021, according to an internal memo from Chief Executive Officer Michael Corbat.

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Citi buys into future of artificial intelligence — literally

08/20/18

Citigroup was so impressed after a two-year test drive of software from the AI vendor Anaconda it decided to invest in the firm.

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Citi fined for fraudulent loans in Mexico, unauthorized trading

08/16/18

The Securities and Exchange Commission sanctioned Citigroup because of unauthorized proprietary trading as well as for the failure to detect suspect loans issued by its Banamex unit.

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Blowing up the silos: Citi's plan to boost credit card sales

08/16/18

Domestic card growth has not lived up to the bank’s expectations, even after its Costco coup. So it is making changes here to get product development, payments technology and card portfolio management on the same page worldwide.

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Citi shuffles consumer unit; fintechs embrace subprime cards

08/14/18

Anand Selva, a long-time Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans.

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Citigroup's credit-card chief to exit in consumer bank shake-up

08/13/18

Citigroup Inc. is restructuring its consumer-banking operation in a shake-up that includes the departure of its global credit-card chief.

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Citi fined $8.6M for deficiencies in subsidiary's mortgage docs

08/10/18

The Fed's order targets affidavits prepared by employees of CitiFinancial in connection with the company's exiting the mortgage servicing business.

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Banks won't 'like' this offer from Facebook

08/06/18

Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.

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Dimon endures; big bank stocks back in favor

08/06/18

With Blankfein retiring, the JPM chief will be the last crisis-era big bank CEO still in charge; earnings and big payouts are boosting bank equity prices.

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