The European Central Bank (ECB) has dropped Citigroup from its experts' working group on foreign exchange, days after the US bank was fined by US and UK regulators for failing to stop traders from trying to manipulate the currency market.
Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets.
Royal Bank of Sc
Citigroup said it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the US bank with the biggest international business looks to cut persistently high costs.
The third-largest US bank, built with a s
Citigroup reported a stronger-than expected adjusted quarterly profit as its fixed-income business performed ahead of forecasts, and the bank cleared another hurdle by reaching a $7 billion settlement over its sale of flawed mortgage securitie
Citigroup has named Carmen Haddad as its new chief executive officer for Qatar, the US lender said on Monday.
Haddad is currently head of Citi's private banking business in the Gulf and Egypt. He will continue in this role, as
The US Justice Department is finalising a lawsuit against Citigroup over the bank's sale of residential mortgage-backed securities after negotiations to resolve the matter broke down.
Two people with direct knowledge of the ma
Citigroup posted better-than-expected quarterly income as losses on troubled assets narrowed, but revenue declined in many of its major businesses and operating expenses remained stubbornly high.
First-quarter adjusted net income
A US appeals court has rejected the Abu Dhabi Investment Authority's (Adia) effort to void Citigroup's arbitration win in a dispute over a $7.5 billion investment in the bank less than a year before the 2008 financial crisis.
The Justice Department is preparing to file civil fraud charges against Citigroup and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with the pro
International banks Standard Chartered and Citigroup have fallen out with Abu Dhabi-based telecoms firm Etisalat over $400 million which they lent to Etisalat's now defunct Indian affiliate, according to three banking sources familiar with t