Citigroup Inc. C will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 15.
C's lawyers counter the lawsuit by asserting that the bank adheres to Uniform Commercial Code standards that protect it from liability for fraud-related losses.
Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar transactions and offers clients “24/7, always-on” cross-border liquidity and payments between participating Citi branches.
Citibank lawyers urged a judge Tuesday (Oct. 8) to throw out a suit filed in January by New York Attorney General Letitia James that accuses the bank of failing to protect fraud victims.
Citigroup's lawyers have urged U.S. District Judge Paul Oetken to dismiss a suit filed in January by Attorney General Letitia James, which accuses its Citibank unit of failing to reimburse customers who fall victim to online scammers, Bloomberg News reported on Tuesday.
C is slated to report Q3 earnings next week. Here, we assess factors influencing its performance and how investors should play this stock.
Investment banker John LaVoie is joining Citigroup to head up its U.S. West Coast private equity dealmaking unit, according to an internal memo seen by Reuters on Tuesday.
As the Chinese stock market reopens after the National Day holiday, investors are keen to see if the pre-holiday rally will continue. Goldman Sachs has raised its rating on Chinese stocks to "overweight," anticipating an increase in benchmark valuations.
The Investment Committee give you their top stocks to watch for the second half.
OpenAI said on Thursday it has established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC, in addition to the $6.6 billion investment the AI startup unveiled on Wednesday.
The enforcement action against C from 2013, which addressed flaws in the bank and its subsidiaries' AML practices, is officially terminated by the Fed.
The Federal Reserve has terminated a decade-old enforcement action against Citigroup that focused on deficiencies tied to the banking giant's anti-money laundering (AML) practices. On Oct. 1, the central bank announced the termination of the 2013 action — one that had not carried a fine.