Citigroup Inc. said US banks will be forced into a “dramatic shift” in how electronic payments are processed if New York state wins a lawsuit claiming the company doesn’t do enough to prevent online fraud. Lawyers for the company’s Citibank …
Citigroup Inc. settled an employment suit with an ex-trader after judges ruled he was unfairly dismissed by the bank over claims he was scapegoated for the lender’s decade-long regulatory failures in executing stock trades for clients in Asia. Ian Weir, …
Christine O’Reilly was with friends in Miami, when one of her biggest clients at Citigroup Inc. kept buzzing her phone. Benjamin Waters, a trader on the bank’s Delta One desk, called and messaged repeatedly. At one point, he allegedly asked …
Citigroup Inc. will pay almost $136 million in fines to US bank regulators over issues related to data-quality management and risk controls. The Federal Reserve said Wednesday that its penalty was for Citi violating an enforcement action from 2020. The …
Citigroup Inc. asked a court to dismiss a lawsuit by a former senior data compliance official who accused it of firing her for refusing to mislead a regulator about the bank’s data governance practices. Kathleen Martin was “lawfully and legitimately …
Kathleen Martin, a former senior data compliance official at Citigroup Inc., accused the bank of firing her for refusing to mislead a regulator about the lender’s data governance efforts. Martin said in a lawsuit in New York Wednesday that Citigroup …
Citigroup Inc. was accused in a lawsuit of racial discrimination for its policy of waiving ATM fees for customers of minority-owned banks. The plaintiffs, who don’t bank with Citigroup, claim they were charged out-of-network fees for transactions at the bank’s …
NEW YORK — A federal appeals court on Monday said Citigroup Inc must face a $343.1 million clawback lawsuit by the trustee liquidating Bernard Madoff’s former firm, who accused the bank of turning a blind eye to the late swindler’s …
A Texas wind farm owned by BlackRock Inc. is locked in a $100 million court battle with Citigroup Inc. over losses caused by the devastating winter storms in Texas. The BlackRock unit, Mariah Del Norte, sells power to Citigroup under …
If Citigroup Inc. was looking to create a drama big enough to compete with the pandemic and U.S. elections for Wall Street’s attention, it couldn’t have written a better script. The bank allegedly facilitated a debt deal that left a …