News

May 8 (Reuters) - Citigroup (C.N), opens new tab must face a revived lawsuit claiming it caused more than $1 billion of losses by orchestrating and concealing a vast fraud at the now-bankrupt ...
Citigroup (NYSE: C) is a large and popular bank which most investors will know because of its name recognition. But name recognition alone is no reason to buy a stock. If you are wondering whether ...
Citigroup has undergone significant restructuring, focusing on profitable segments, resulting in impressive financial performance and a strong Q1, despite recent share price declines. Citigroup ...
Citigroup Inc.’s Jane Fraser looked past the current uncertainty over tariffs and said the U.S. will remain the world’s No. 1 economy, as she led her bank to a 21% jump in first-quarter profit ...
Citigroup's stock fell along with the market as it sold off. The giant bank fell even harder than the S&P 500 index, with Citigroup shares down about twice as much as the index. The S&P 500 index ...
Citigroup paid top executives smaller bonuses last year tied to results of the bank's turnaround and risk management fixes required by regulators, the bank's proxy filing on Tuesday showed.
Citigroup announced a 30% reduction in IT contractors, aiming to cut their numbers from 50% to 20% of the IT workforce. This decision follows regulatory penalties and fraud incidents, prompting ...
Citigroup Inc. nearly transferred about $6 billion to a customer’s account by mistake after an employee inadvertently copied and pasted the account number into the field designated for the ...
Citigroup C.N nearly credited about $6 billion to a customer's account in its wealth-management business by accident, Bloomberg News reported on Monday, citing people familiar with the matter ...
The $81 trillion incident serves as a stark reminder of the risks posed by outdated processes and the importance of accountability in the financial sector. A routine $280 payment into a customer ...
Bank staff meant to send only $280. No funds left the bank, as the error was detected before the transaction was processed the following day. An error almost led to a ...