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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.
Regulators slapped Citigroup with $136 million in fines for failing to resolve long-standing deficiencies surrounding controls and risk management, a setback for CEO Jane Fraser as she tries to ...
A federal appeals court on Tuesday said a Citigroup vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in October 2020 over its risk management ...
The FDIC guaranteed to Citigroup to cover any losses on the Wachovia banking portfolio greater than $42 billion, in exchange for $10 billion in preferred stock. However, Wachovia was eventually sold to Wells Fargo without government assistance, voiding the Citibank deal.
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Citigroup is in the middle of a complicated restructuring.It made it clear Wednesday that its fourth quarter earnings report Friday will be complicated, too. The giant New York-based bank said in ...
Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. "The fourth quarter was very ...
Citigroup (C) got hit with a $75 million fine to settle SEC allegations that it mislead its investors about its subprime mortgage asset exposure, the Securities and Exchange Commission announced ...