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 C-3.27%decrease; red down pointing triangle reported a jump in profit and revenue in the first quarter of 2025 that beat analysts’ expectations, thanks in part to market volatility ...
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 ...
Equity strategists at Citigroup Inc. lowered their view on US equities, saying the case to diversify away from the asset class is strengthening as the trade war undermines economic growth and ...
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The $81 trillion incident serves as a stark reminder of the risks posed by outdated processes and the importance of accountability in the financial sector.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 ...
Citigroup accidentally credited a customer account $81 trillion instead of $280 last April. It took three employees and several hours to realize and correct the error ...