Citigroup has entered the final phase of an extensive overhaul to streamline its operations and enhance performance.
Tags: Citigroup
Citi Bank Breaches Fed Rule and Admits to Errors in Financial Reporting
Citigroup has repeatedly violated Regulation W, a U.S. Federal Reserve rule meant to limit risky intercompany transactions, leading to errors in its liquidity reporting.
Top CEOs, Including Apple and Walmart, Skip 2024 Presidential Donations
Over 100 Top CEOs from America's largest companies avoided financially supporting major party candidates in the 2024 presidential race, with most focusing contributions on congressional campaigns instead.
Citi to End Operations in Haiti After 50 Years
Citi has decided to end its operations in Haiti, concluding more than 50 years of presence in the country.
Mexico's Sinaloa Drug Cartel Members Found Citi ‘Favorable’ for Money Laundering: Report
US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi.
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Citigroup has sold its non-US consumer business operations in nine out of 14 regions and "substantially wound down" three more in Korea, Russia, and China.
Citigroup CEO Jane Fraser has received an encouraging nod from billionaire investor Warren Buffett to proceed with the bank's overhaul.
Citigroup Inc. is reportedly closing its global distressed-debt group as it undergoes further restructuring under CEO Jane Fraser's leadership.
Citigroup Inc. is reportedly facing delays in its plans to establish a fully-owned securities business in China.
The banking investments in U.S. have made a come back. Their patience is now rewarded. JP Morgan and Citi standout this third-quarter.
JPMorgan Chase has advised its shareholders to vote against the proposal to split up the bank. The bank warned its shareholders that the breakup proposal will not benefit its investors.
Fees in investment banking sector across the world declined 29% during the first three-month period of 2016 as uncertainty in the global market halted deal proposing activities and other investment events.
The analyst at Keefe, Bruyette & Woods believed the breakup would increase shareholders value by 57%. However, Citigroup has asked its shareholders to vote against the too-big-to-fail proposal.
U.S. coal industry is facing tough times as one by one files Chapter 11. Due to high debts, decline in demand and stricter regulations, most have no other choice but to shut down. Lately, Peabody Energy announced that it may go bankrupt.
