Citigroup & Violation of law

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Daily Maverick

dailymaverick.co.za/article/2024-03-04-wall-streets-diversity-retreat-has-officially-begun/

Mar 04

Wall Street’s diversity retreat has officially begun: Goldman Sachs Group Inc. has made a surprising change to its “Possibilities Summit” for black college ...

9

Apr 11

New York lawsuit: Scammers wiped out Citibank customers, but they got the blame: New York's federal lawsuit against Citibank highlights lapses in consumer ...

newsday.com/business/citibank-lawsuit-ailjzuyf

americanbanker.com/news/citi-asks-judge-to-toss-ny-ags-imaginative-wire-fraud-lawsuit

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American Banker

C-

Apr 04

Citi asks judge to toss NY AG's 'imaginative' wire-fraud lawsuit: Letitia James, the New York state attorney general, sued Citigroup and argued it should be ...

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Handelsblatt

handelsblatt.com/finanzen/banken-versicherungen/finanzplatz-london-libor-haendler-scheitern-vor-berufungsgericht/100028302.html

Mar 27

London financial center: Libor traders fail in appeal court: Tom Hayes and Carlo Palombo wanted to reopen the Libor financial scandal. Now their only option is ...

8 similar articles

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Business Insider Mar 25

Citigroup Crisis: Allegations of Sexual Harassment and Poor Performance: Bloomberg reports new allegations of sexual harassment and underperformance at ...

businessinsider.de/wirtschaft/citigroup-krise-vorwuerfe-der-sexuellen-belaestigung-und-schlechten-leistung/

qz.com/dollar-general-target-ross-kohls-self-checkout-retail-1851337359

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Reuters

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Jan 30

Citibank sued by New York over alleged failure to reimburse fraud victims

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Mar 14

Self-checkout kiosks and corporate America are in a toxic relationship: Customers love them, sometimes, but certain executives seem to hate them, sometimes

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Feb 05

Why I Brought My Toddler to Protest at Citi CEO Jane Fraser’s House: While we go about our day-to-day lives, fossil fuel and Wall Street CEOs like Fraser are ...

commondreams.org/opinion/citi-climate-protest

Singapore Business Review

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C

Mar 12

Citi’s Shally Koh on how to foster a more diverse banking organisation: The bank is touting its male allyship and mother support programs as part of its bid for ...

sbr.com.sg/financial-services/exclusive/citis-shally-koh-how-foster-more-diverse-banking-organisation

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The New York Times

nytimes.com/2024/01/30/business/citi-new-york-state-lawsuit-fraud.html

Jan 30

Citi Is Sued by New York State Over Account Transfer Fraud: New York’s attorney general said the bank failed to protect its customers from hackers who ...

2 similar articles

357

4 15

The Wall Street Journal

billmckibben.substack.com/p/sheet-cake-as-ammunition

Feb 04

Citigroup Fell Behind With Rich Customers. Can It Win Them Back?: The collapse of the wealth-management business is one reason why Citi’s stock is stuck in a ...

44

Jan 30

Citi Severed Ties to Billionaire Joe Lewis Amid US Trading Case: Citigroup Inc. ended its long-standing relationship with Joe Lewis last year soon after the ...

5

Jan 20

Launching a Sweet Climate Campaign to Urge Costco to Drop Citi: The campaign is designed to get the world’s third largest retailer to pressure its bank—Citi—to ...

13

Feb 23

Miami man stole IDs of 50 bank clients, swindling $2M from their accounts, feds say

miamiherald.com/news/local/community/miami-dade/article285806451.html

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Forbes

Jan 30

Citigroup severed ties with British billionaire Joe Lewis after he was charged with insider trading in the U.S., Bloomberg reported Tuesday ... Show more

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nzherald.co.nz/nz/police-suspect-mule-after-auckland-real-estate-agent-loses-100k-in-elaborate-investment-scam/XG76MEU26BFBHFC2GVGRMQW3MM/

Jan 13

Police suspect ‘mule’ after Auckland real estate agent loses $100k in elaborate investment scam

businessinsider.de/leben/international-panorama/nach-freispruch-fuer-einen-bankraub-raubte-ein-mann-erneut-eine-bank-aus/

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132

Business Insider Jan 26

After being acquitted for a bank robbery, a man robbed a bank again: A man is accused of bank robbery. A few days earlier he had been acquitted by the jury in a ...

computerworld.com/article/3712801/when-a-customer-gets-defrauded-should-the-enterprise-reimburse.html

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Computerworld Feb 07

When a customer gets defrauded, should the enterprise reimburse? : The New York Attorney General’s office sued Citibank for failing to reimburse customers ...

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nzherald.co.nz/nz/bnz-told-to-reimburse-victims-nearly-300k-after-failing-to-detect-citibank-investment-scams-despite-red-flags/LWXG3RYQORFG5HPZ6YSQ6TS7EY/

Feb 02

BNZ told to reimburse victims nearly $300k after failing to detect Citibank investment scams despite ‘red flags’

1 similar article

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5

Tech Times Feb 02

New York Attorney General Files Lawsuit Against Citibank Over Failed Anti-Breach Practices

techtimes.com/articles/301288/20240202/new-york-attorney-general-files-lawsuit-citibank-over-failed-anti.htm

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bloomberg.com/news/articles/2023-12-21/citi-s-loyal-muni-client-forced-to-break-up-with-favorite-banker

Dec 21 23

Citi Downsizing Ends Decade-Long Banking Relationship: The relationship between the once-bankrupt Jefferson County, Alabama, and Citigroup Inc ...

5

Dec 15 23

Sell Nokia Stock, Citi Says. It Remains ‘a Value Trap.’: Finnish equipment supplier Nokia has weathered punch after punch lately, and its stock just caught ...

barrons.com/articles/nokia-stock-price-downgrade-55b83905

8

Dec 21 23

Drivers fight barbaric brawl on Long Island highway after car crash: Six men fought a messy brawl on a Long Island highway after a car crash Wednesday ...

nydailynews.com/2023/12/21/long-island-sunrise-highway-fight/

33

Dec 09 23

A bank robber who successfully pulled off one Loop bank robbery and failed two other attempts managed to rob a second bank on Friday morning in the ... Show more

11

Nov 29 23

Citi is sued over sex abuse. Before 2022, it would have been a secret: It is the highest-profile case to be filed since a 2022 law limited companies’ use of ...

nytimes.com/2023/11/29/business/citi-sex-harassment-lawsuit.html

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Nov 21 23

Citigroup managing director sues over sexual harassment: Citigroup (C.N) was sued on Monday by a managing director who said a former top equities banker ...

reuters.com/world/us/citigroup-managing-director-sues-over-sexual-harassment-2023-11-20/

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Nov 27 23

Citibank denied account to those with Armenian names: lawsuit: A class-action lawsuit seeks to punish Citibank for arbitrarily denying the applications and ...

latimes.com/business/story/2023-11-27/citibank-discriminated-against-customers-with-armenian-names-lawsuit-alleges

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Dec 19 23

Citi expert: That's why the price of oil could collapse by 50 percent: Market observers expect weaker oil demand in 2024. This will bring major market players ...

finanzen.net/nachricht/rohstoffe/opec-im-blick-citi-experte-deshalb-koennte-der-oelpreis-um-50-prozent-einbrechen-13112882

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The New York Times

nytimes.com/2023/11/08/business/citigroup-discrimination-armenian-americans.html

Nov 08 23

Citigroup Discriminated Against Armenian-Americans, Regulator Says: The bank agreed to pay nearly $26 million to settle claims that its employees denied an ...

Quick Glance: Citigroup to Pay $25.9M for Discriminating Against Armenian-American Card Applicants

Payment of $25.9 million to settle discrimination charges against Armenian-American card applicants.

Bank applied stricter criteria when evaluating applications from victims suspected of Armenian descent.

Employees provided fake reasons for denials and were instructed not to discuss discrimination in writing or over the phone.

Payment includes $24.5 million civil fine and $1.4 million restitution for card applicants.

109

Nov 21 23

Citi Managing Director Accuses Ex-Bosses of Assault, Harassment: A female Citigroup Inc. equities managing director sued the bank, alleging that she endured ...

bloomberg.com/news/articles/2023-11-20/citi-managing-director-accuses-ex-bosses-of-assault-harassment

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Dec 14 23

New Zealand c.bank warns Citi's local unit over breach of international payments rule

reuters.com/business/finance/new-zealand-cbank-warns-citis-local-unit-over-breach-international-payments-rule-2023-12-13/

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bloomberg.com/news/articles/2023-10-24/citigroup-ceo-jane-fraser-says-the-new-s-in-esg-is-security

Oct 24 23

Citigroup CEO Jane Fraser Says the ‘New S’ in ESG Is Security: The escalating tensions between Israel and Hamas are prompting global business chiefs to think ...

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Nov 24 23

RBI slaps penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda, IOB: Chennai-based public sector lender Indian Overseas Bank was slapped with a Rs 1 ...

financialexpress.com/business/banking-finance-rbi-slaps-penalties-totalling-rs-10-34-crore-on-citibank-bank-of-baroda-iob-3316975/

2 similar articles

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CNA Oct 23 23

Commentary: Citibank analyst's two-sandwich meal - why expenses are a fraught form of fraud

channelnewsasia.com/commentary/companies-office-expense-claims-fraud-banks-citi-sandwich-coffee-3865961

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Nov 15 23

Citi Fined For Denying Credit Cards To Armenian Americans: Citi to pay $25.9 million for discrimination issues including lying to Armenian Americans about why ...

kiplinger.com/personal-finance/banking/citi-fined-for-denying-credit-cards-to-armenian-americans

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bloomberg.com/opinion/articles/2023-10-13/earnings-jpmorgan-and-citi-pass-pain-to-hedge-fund-shorts

Oct 13 23

Earnings: JPMorgan and Citi Pass Pain to Hedge Fund Shorts: Investors betting that rising interest rates will hurt borrowers and cause more instability are wrong ...

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Oct 06 23

Citi India sees $22 billion in equity capital deals in 2023, says CEO: Citi India expects to see equity capital market deals worth $20-22.5 billion in 2023 ...

reuters.com/markets/deals/citi-india-sees-22-billion-equity-capital-deals-2023-says-ceo-2023-10-05/

channelnewsasia.com/singapore/citibank-mobile-app-anti-scam-measure-restrict-access-if-risky-permission-settings-detected-3777016

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CNA Sep 17 23

Citibank's new anti-scam measure restricts users' access to app if risky permission settings detected

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The Charlotte Observer

charlotteobserver.com/news/business/article280666025.html

Oct 18 23

Citi banker fired over meal loses wrongful termination lawsuit: The employee, a financial crime expert working for the bank in London, sued for wrongful and ...

0

The Straits Times

straitstimes.com/singapore/banking-apps-get-enhanced-measures-to-protect-users-against-malware-scams

Sep 18 23

Banking apps get enhanced measures to protect users against malware scams: The measures do not monitor customers’ mobile devices or collect any personal data ...

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nzherald.co.nz/nz/whanganui-man-charged-for-alleged-role-as-money-mule-in-citibank-scams/2S66LEKBYJG4TBDEWGVE2DSKEU/

Aug 21 23

Whanganui man charged for alleged role as money-mule in Citibank scams: The accused man will appear in court on Tuesday.

1

Jul 13 23

Metals tycoon Gupta says Trafigura ‘devised’ $590mn nickel fraud scheme: Businessman accused of engineering a $590mn nickel fraud says commodity trader Trafigura ...

swissinfo.ch/eng/business/metals-tycoon-gupta-says-trafigura--devised---590mn-nickel-fraud-scheme/48662552

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Jul 20 23

Citigroup Ex-Trader Ramchandani ‘Scapegoat’ Suit Against Bank Tossed by Judge: Citigroup Inc. won dismissal of a $112 million suit by a trader who claimed the ...

bloomberg.com/news/articles/2023-07-20/citi-wins-dismissal-of-ex-trader-s-wrongful-prosecution-suit

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nzherald.co.nz/nz/bnz-refuses-to-reimburse-scam-victims-who-lost-nearly-half-a-million-dollars-in-elaborate-sting/ZZYO7RHHCFDHJAFGCNS2LNW5XQ/

Jul 31 23

BNZ refuses to reimburse scam victims who lost nearly half a million dollars in elaborate sting

0

Jul 31 23

Post Script: Courting success; signs of the times; a lucky escape; freedom of the Citi

businesspost.ie/news-focus/post-script-courting-success-signs-of-the-times-a-lucky-escape-freedom-of-the-citi/

Paid articlePaid

0

Business Post

businesspost.ie/news-focus/post-script-courting-success-signs-of-the-times-a-lucky-escape-freedom-of-the-citi/

Jul 30 23

Post Script: Courting success; signs of the times; a lucky escape; freedom of the Citi

Paid articlePaid

0

New York Daily News

nydailynews.com/new-york/ny-citibike-fatal-accident-manhattan-stuyvesant-town-box-truck-20230616-zelggyy64fd4vbr7vqac4auqha-story.html

Jun 17 23

Manhattan teen killed in Citi Bike collision with Amazon box truck in Stuyvesant Town tragedy

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Jun 21 23

Singapore central bank fines DBS, Citibank, OCBC, Swiss Life over breaches: Singapore's central bank on Wednesday said it had imposed fines collectively worth ...

reuters.com/business/finance/singapore-fines-dbs-citibank-ocbc-swiss-life-inadequate-money-laundering-2023-06-21/

Quick Glance: Singapore central bank fines DBS, Citibank, OCBC, Swiss Life over compliance breaches

The Monetary Authority of Singapore (MAS) has imposed fines totaling S$3.8 million on Citibank, DBS, OCBC, and Swiss Life.

The fines relate to breaches of requirements on anti-money laundering and countering terrorism financing.

MAS found inadequate controls in place when investigating the alleged involvement of Singapore-based individuals in a fraud case centered on collapsed payments firm Wirecard.

The banks and Swiss Life have taken measures to improve their processes and ensure compliance.

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Jun 08 23

Long Island teen indicted in hit-and-run death of 16-year-old Queens basketball lover

nydailynews.com/new-york/nyc-crime/ny-jayden-mclaurin-yaser-ibrahim-basketball-bmw-citi-bike-hit-and-run-homicide-20230608-ntbeorxjgbhitliz2o5kuqwn2i-story.html

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nzherald.co.nz/nz/spanish-man-feels-hes-failed-his-children-and-wife-after-losing-330k-in-elaborate-citibank-branded-investment-scam/ELKA53GZDREORJQAKC4UX3KE2M/

Jun 03 23

Bank scam: Spanish man feels he’s failed his children and wife after losing $330k

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May 19 23

Pregnant NYC hospital worker caught in viral video Citi Bike fight getting threats, has receipts to show bike was hers, says lawyer

nydailynews.com/news/politics/new-york-elections-government/ny-sara-comrie-citi-bike-health-and-hospitals-bellevue-20230519-v5bygq6qancqjp7u5yyyjeyc4y-story.html

4 similar articles

193

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One Mile at a Time May 07 23

My Suspicious Credit Card Rejection Letters...: I received two credit card rejection letters for cards I didn't apply for. Unfortunately it seems like this ...

onemileatatime.com/insights/credit-card-rejection-letter/

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Apr 26 23

Citi exec who met with Jeffrey Epstein out of job: A senior executive of Citigroup has been let go from the multinational bank after his connections with ...

foxbusiness.com/business-leaders/citi-exec-met-jeffrey-epstein-out-job

113

Apr 03 23

Revlon to leave bankruptcy without longtime owner Ron Perelman: Judge approves plan to end cosmetics group’s three-year fight with creditors over errant $900mn ...

ft.com/content/2b54fb24-d6ba-4114-94ec-db40e485a037

17

May 09 23

Singapore taps HSBC, Citi for rigid money laundering controls: SINGAPORE -- Foreign and local banks in Singapore will be required to share information with one ...

asia.nikkei.com/Business/Finance/Singapore-taps-HSBC-Citi-for-rigid-money-laundering-controls

0

2

CNBC

cnbc.com/video/2023/05/04/bitcoin-rises-ex-opensea-manager-found-guilty-nft-insider-trading-cnbc-crypto-world.html

May 04 23

Bitcoin rises, and ex-OpenSea manager found guilty in NFT insider trading case: CNBC Crypto World

0

Feb 27 23

How 'The Last of Us' Cherishes a Bygone World: Even as the show moves through a new postapocalyptic reality, it keeps a close eye on what’s been lost.

theatlantic.com/culture/archive/2023/02/the-last-of-us-hbo-episode-7/673221/

201

Feb 26 23

Citi bank debuts new Tampa office designed for hybrid work: Many features are meant to maximize human interaction in a hybrid-work setting.

tampabay.com/news/business/2023/02/23/citi-bank-debuts-new-tampa-office-designed-hybrid-work/

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Feb 24 23

Trafigura missed red flags in alleged nickel fraud, court papers show: Failure to obtain certification and check customs codes alarmed bankers in deal at heart ...

ft.com/content/ae651251-0a36-45c5-9fcc-c36c69c5aa2d

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Mar 24 23

What Went Down at Corteiz x Nike’s Chaotic Air Max 95 Drop in New York City: Corteiz made its debut in the United States by releasing a highly-coveted Air Max 95 ...

complex.com/sneakers/corteiz-nike-air-max-95-nyc-release

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Feb 13 23

How Citigroup Helped Lift the Lid on Trafigura’s Nickel Nightmare: As Trafigura Group’s metal traders were partying in London at last year’s LME Week jamboree ...

bloomberg.com/news/articles/2023-02-13/trafigura-s-nickel-nightmare-how-citigroup-helped-lift-the-lid

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The Guardian

theguardian.com/money/2023/mar/06/i-paid-70000-to-fraudsters-can-santander-help

Mar 06 23

I paid £70,000 to fraudsters – can Santander help?: Scammers posed as Citibank agents and convinced me to buy a high-return investment bond

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Jan 29 23

Avoid California's waterlogged cars: And more of the week's best financial insight

theweek.com/amazon/1020423/avoid-californias-waterlogged-cars

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Uganda

B-

Feb 24 23

BoU has managed inflation well, say Citi boss : Citi says the growth outlook in Uganda has improved remarkably over the last few months following tight monetary ...

monitor.co.ug/uganda/business/markets/bou-has-managed-inflation-well-say-citi-boss--4135756

4 similar articles

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bloomberg.com/news/articles/2023-01-30/adani-touts-deep-global-bank-ties-from-citi-to-credit-suisse

Jan 30 23

Adani Touts Deep Global Bank Ties from Citi to Credit Suisse: Adani Group touted its deep local and international bank relationships in its 413-page rebuttal of ...

17 similar articles

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The Dallas Morning News