Exclusive: Citigroup aims to complete work on consent orders this year, sources say
reuters.com/business/finance/citigroup-aims-complete-work-consent-orders-this-year-sources-say-2026-02-06/
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Citi Shares Drop Even After Fixed-Income Traders Post Higher Revenue: Citigroup Inc.’s fixed-income traders handed in their best third quarter in at least a ...
bloomberg.com/news/articles/2026-10-13/citi-s-traders-money-movers-help-drive-bank-past-profit-target
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Trump family-backed crypto firm World Liberty gets conditional bank charter approval
cnbc.com/2026/08/14/world-liberty-trump-occ-bank-charter-stablecoin.html
Barron's May 01
Jane Fraser Turned Citigroup Inside Out. Now Comes the Hard Part.: Under the CEO, the long-beleaguered bank is working through its 13th restructuring ...
barrons.com/articles/jane-fraser-citigroup-turnaround-f8523833
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Former Citi executive sues bank over handling of sexual harassment claims: Complaint alleges ‘unrelenting and egregious sexual harassment’ by wealth chief Andy ...
ft.com/content/6b539d0f-d469-40ad-a967-5d712221038a
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Citigroup to lay off more employees in March: Sources: Citigroup plans further job cuts in March, following earlier layoffs, as CEO Jane Fraser implements a ...
straitstimes.com/business/citigroup-to-lay-off-more-employees-in-march-sources
Palmer Luckey crypto bank Erebor gets preliminary regulatory approval: The Office of the Comptroller of the Currency has granted Erebor preliminary approval ...
businessinsider.com/palmer-luckey-erebor-crypto-bank-preliminary-regulatory-approval-2025-10
Top Citigroup banker Andy Sieg allegedly humiliated employees with explosive tirades, made executive cry: report
nypost.com/2025/08/20/business/citi-wealth-chief-andy-sieg-made-male-executive-cry-in-front-of-colleagues/
Citigroup considers custody and payment services for stablecoins, crypto ETFs: Citigroup is exploring providing stablecoin custody and other services ...
reuters.com/business/finance/citigroup-considers-custody-payment-services-stablecoins-crypto-etfs-2025-08-14/
Key FactsCitigroup Eyes Stablecoin Custody and Crypto ETF Services
Aug 15, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Citigroup is evaluating custody services for assets backing stablecoins as a primary digital asset offering.
- Congress recently passed legislation requiring stablecoin issuers to back tokens with secure assets like U.S. Treasuries.
- The bank is also considering stablecoin payment and conversion services to accelerate transaction speeds.
- Additionally, Citigroup plans to provide custody for crypto-linked ETFs, authorized by the SEC since last year.
The custody of crypto assets needs to ensure these assets, prior to being acquired, were used for legitimate purposes.— Biswarup Chatterjee, global head of partnerships and innovation for Citigroup's services division, in an interview.
Citi employee sues after being fired for allegedly saying it was a 'nightmare' to work with Indians
nypost.com/2025/07/09/business/citi-employee-sues-after-being-fired-for-allegedly-saying-it-was-nightmare-to-work-with-indians/
Citi to cut 3,500 tech jobs in China in global revamp: Citigroup Inc will reduce the number of employees at two of its technology centres in China by about 3,500 ...
reuters.com/business/world-at-work/citi-cut-3500-technology-jobs-china-part-global-revamp-2025-06-05/
Citigroup profit beats estimates as stock trading jumps 23%: Citigroup's markets revenue rose 12% to $6 billion in the quarter, surpassing its earlier ...
foxbusiness.com/markets/citigroup-profit-beats-estimates-stock-trading-jumps-23
Another 'near miss': Citigroup mistakenly credited a customer account with $81 trillion
cnbc.com/2025/03/01/citigroup-mistakenly-credited-a-customer-account-with-81-trillion.html
Key FactsCitigroup Mistakenly Credited Client Account $81 Trillion
Feb 28, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: ft.com
Summary created with AI assistance · Source: ft.com
- Citigroup mistakenly credited a client account $81 trillion instead of $280, complicating the bank's efforts to address regulatory concerns.
- The error went unnoticed by multiple employees until a third staff member identified the issue 90 minutes after the transaction was posted, leading to a reversal hours later.
- No funds left the bank, but the incident was reported as a 'near miss' to the Federal Reserve and the Office of the Comptroller of the Currency.
- The series of near misses at Citi highlights ongoing operational issues, with the bank struggling to resolve long-standing problems over several years.
Citigroup credited client’s account with $81tn before error spotted: US bank meant to send $280 but no funds were transferred despite ‘fat finger’ mistake
theguardian.com/business/2025/feb/28/citigroup-credited-client-account-with-81tn-before-error-spotted
Citigroup accidentally credited a customer's account with $81 trillion: But the reported "near miss" was caught before funds were actually transferred
qz.com/citigroup-trillion-dollar-transfer-near-miss-fraser-1851766972
PepsiCo joins major US companies in tweaking DEI policies: PepsiCo has joined the growing list of major U.S. companies that are making changes to their diversity ...
reuters.com/business/retail-consumer/pepsico-joins-major-us-companies-tweaking-dei-policies-2025-02-20/
Citi is not expecting an asset cap: CEO Fraser: Analysts peppered CEO Jane Fraser with questions about whether the megabank, already hit hard by its regulators ...
americanbanker.com/news/citigroups-earnings-hit-by-higher-cost-of-credit
Citigroup profit beats estimates on investment banking surge
reuters.com/business/finance/citigroup-profit-drops-bigger-stockpiles-potential-loan-losses-2024-10-15/
Elizabeth Warren says Citi has become 'too big to manage': The Massachusetts senator told federal regulators that Citigroup needs growth restrictions
qz.com/elizabeth-warren-calls-on-tougher-regulations-on-citigr-1851664468
Key FactsWarren Calls for Stricter Regulations on Citigroup
Oct 3, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: qz.com
Summary created with AI assistance · Source: qz.com
- Senator Elizabeth Warren warns that Citigroup has become 'too big to manage' and urges for stricter regulations.
- In a letter to regulators, she highlights the bank's deficiencies in risk management and operational controls.
- Recently, the Federal Reserve concluded a long-standing enforcement action against Citi related to anti-money laundering policies.
- Warren emphasizes the need for tougher regulatory measures for large banks, following criticisms of Citi's inadequate resolution plan.
Citi lays off 10 research staff in Asia Pacific as part of global revamp, sources say
reuters.com/business/finance/citi-lays-off-10-research-staff-asia-pacific-part-global-revamp-sources-say-2024-03-27/
Key FactsCiti Finalizes Asia-Pacific Job Cuts Amid Restructuring
Mar 27, 2024 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Citigroup laid off a minimum of ten employees in its Asia-Pacific equity research division this week.
- The reorganization cut management layers from thirteen to eight as part of a broad global overhaul.
- The bank intends to reduce its global workforce of 239,000 by 20,000 over the next two years.
- Further staff reductions are planned across multiple divisions within the Asia-Pacific region.
major actions— Citigroup Inc. said in a statement it had concluded 'major actions' that it announced last September to revamp its structure and improve performance.
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