Bank regulators tell Citigroup to take urgent action to fix …
WEBNov 23 (Reuters) - The U.S. Federal Reserve and the Federal Deposit Insurance Corp identified a shortcoming in Citigroup Inc’s so-called “living will” that details how the firm would be unwound...
Citigroup facing new regulatory knock on its living will, source says
WEBJun 17, 2024 · The FDIC plans to vote on Thursday to downgrade its rating on Citi's data-management systems, which could affect its living will that details how the bank would be unwound in bankruptcy. The Fed...
Government Fines Citigroup $136 Million for Failing to Fix …
WEBJul 10, 2024 · A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk...
Citigroup to close global distressed-debt unit - CNBC
WEBDec 20, 2023 · Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC has learned. The company decided to close its global distressed-debt...
Citigroup faulted by U.S. banking regulators for poor data …
WEBNov 23, 2022 · U.S. banking regulators faulted Citigroup for poor data governance in its resolution plan, which explains how the bank can be unwound in a crisis. The issue could affect the bank's ability to...
Citigroup CEO declares 'this is not a credit crisis' after U.S. bank ...
WEBMar 23, 2023 · Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets.
Citigroup to end sweeping overhaul this week after 5,000 layoffs
WEBMar 25, 2024 · Citigroup is in the last phase of a sweeping overhaul to simplify its structure and improve performance, the bank said, after shrinking its workforce by 5,000 employees since September.
Citi Executive in Charge of Implementing Bank's Restructuring …
WEBMay 14, 2024 · (Reuters) - Citigroup's Titi Cole, a top executive in charge of implementing its sweeping restructuring plan, is leaving the bank, an internal memo seen by Reuters showed on Tuesday.
Citigroup's $900 Million Defeat - The New York Times
WEBFeb 17, 2021 · Citigroup made a huge mistake last summer, when instead of transferring an $8 million interest payment from Revlon to its creditors, it transferred nearly $900 million of the bank’s own funds —...
Regulators Fine Citigroup $400 Million Over ‘Serious Ongoing ...
WEBOct 7, 2020 · Federal banking regulators on Wednesday fined Citigroup Inc. C 1.19% $400 million and ordered the nation’s third-largest bank to fix its risk-management systems, citing “significant...