Citigroup

Citibank fined $70M for failing to fix BSA deficiencies

01/04/18

The OCC said Thursday that the bank has yet to fully meet the conditions of a 2012 consent order requiring it to address problems in its Bank Secrecy Act and anti-money-laundering compliance programs.

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Citi joins Morgan Stanley, UBS, in exiting broker pact

12/29/17

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.

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Citi unit mixed up 'buy' and 'sell' ratings for years

12/28/17

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.

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Saudis seek $6 billion from Alwaleed: Report

12/22/17

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 Street Journal.

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Here’s what tax reform bill will cost banks

12/20/17

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.

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Pressure mounts on banks to address gender pay gap

12/19/17

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.

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Quarles calls for transparency; Bitcoin boils over — again

12/08/17

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

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Tax hits, deposit wars, paydown blues: A 4Q preview

12/07/17

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.

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More bitcoin milestones; Citi’s tax plan hit

12/07/17

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.

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Citigroup CFO sees $20B hit if Senate tax bill signed

12/06/17

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.

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