Chief Financial Officer John Gerspach said on Friday that Citigroup managers are thinking about the fourth largest U.S. bank's possible failure in the future as they go about their day-to-day business
Former UBS and Citigroup trader Tom Hayes who is serving an 11-year jail sentence for conspiring to rig Libor global interest rates, was blocked from appealing to the UK's Supreme Court against his conviction on Tuesday.
Citigroup Inc. is now included in the investigation regarding FIFA's recent scandal. The company together with other banks will be placed under the microscope as authorities try to find relevant information.
A raft of banks could face tough questions in the sweeping U.S. crackdown on alleged corruption in global soccer as prosecutors review how much they knew about millions of dollars in bribes flowing through the U.S. banking system to accounts around the world.
UBS (UBSG.VX) will pay $545 million to U.S. authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals.
The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, people familiar with the matter said.
U.S. authorities are on course to reach multi-billion-dollar agreements with five major banks over allegations of foreign exchange market rigging as soon as the second half of May, people familiar with the matter told Reuters on Friday.
Big Wall Street banks are so upset with Democratic Senator Elizabeth Warren's call for them to be broken up that some have discussed withholding campaign donations to Senate Democrats in symbolic protest, sources familiar with the discussions said.
Bank of America (BAC.N) must allow shareholders to vote on a proposal that calls for the company to consider spinning off its investment banking business, after U.S. regulators told the bank it cannot exclude the proposal from its corporate ballot.
Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds.
Clashes over strategy within JPMorgan Chase & Co’s compliance operations have led to the departure of a series of managers in the past year, according to three of those who have left.
A U.S. judge on Thursday rejected an agreement by Dutch company Fokker Services B.V. to pay $10.5 million to resolve criminal charges it illegally shipped aircraft parts to Iran, Sudan and Myanmar, describing it as "grossly disproportionate" given the seriousness of the company's actions.
Citibank, a unit of Citigroup Inc, has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers' histories, the Wall Street Journal reported.
JPMorgan Chase & Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion-a-day foreign exchange market.
Citigroup Inc will record $2.7 billion in additional legal costs and another $800 million of repositioning charges in the fourth quarter, Chief Executive Officer Mike Corbat said on Tuesday.
Suspected metals fraud in China sparked claims of betrayal by both U.S. bank Citigroup Inc and trade house Mercuria over who would absorb about $270 million in exposure to financing deals, a London court heard on Wednesday.
A New York state appeals court on Tuesday revived a lawsuit accusing UBS AG [UBSN.VX] of fraudulently causing $331 million of losses from collateralized debt obligations issued before the financial crisis.
A unit of Citigroup Inc must pay a $15 million fine for not adequately supervising communications among its equity research analysts, clients and the firm's sales and trading staff, Wall Street's industry funded regulator said on Monday.
The five biggest U.S. retail banks added 25 million new deposit accounts since 2010, a study showed on Monday, a sign that banks can continue to grow despite a lack of public trust after the credit crisis.
A Massachusetts man was sentenced to 21 months in prison on Friday for his role in a cybercrime scheme that hacked accounts at banks, brokerage firms and government agencies in an attempt to steal more than $15 million, U.S. prosecutors said.
Mitch McConnell is hardly a lovable guy. The Republican leader in the U.S. Senate has a dour public persona and many of his constituents don't view him as a "real Kentuckian," according to a Reuters/Ipsos poll that underscores what his election campaign already knows - McConnell has an image problem.
