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Regulators slapped Citigroup with $136 million in fines for failing to resolve long-standing deficiencies surrounding controls and risk management.
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 issues ...
The New York bank disclosed a series of one-time charges and expenses that will impact its fourth quarter earnings report due out Friday.
The deal shattered a Depression-era division between retail banking and investment banking and cemented Citigroup’s status as the world’s largest financial institution.
The employee reductions planned by Citigroup would likely leave it with the smallest workforce among the big four banks in the US.
Citigroup Inc. or Citi ( stylized as citi) is an American multinational investment bank and financial services company in New York City. The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002.
UK regulators slapped a combined £62 million ($79 million) fine on Citigroup Wednesday for failures in its trading systems that almost resulted in stocks worth $189 billion being dumped onto ...
Professional recognition Whitney issued a particularly pessimistic, but accurate, research report on Citigroup on October 31, 2007, to which many Wall Street analysts, and the news media, paid attention.