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Some US Banks Explore Venturing into Crypto with Joint Stablecoin: Report
Some of the largest banks in the US are exploring whether to team up to issue a joint stablecoin. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are reportedly part of the discussions.
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Citigroup Credited $81 Trillion In Account Instead Of $280 By Mistake: Report
Citigroup accidentally credited an account with $81 trillion instead of $280 as it meant to before catching the error, the Financial Times reported.
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Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
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Wall Street's Biggest Banks Failing Key Green Test in Fresh Study
The six biggest banks on Wall Street are failing to live up to a key plank of their ESG commitments to stakeholders, according to a joint study published on Wednesday.
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US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
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Citigroup Raises CEO Jane Fraser's Salary To $24.5 Million
Ms Fraser's pay rise has made her the only big US bank boss to receive a bump amid a challenging year for the industry.
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US Banking Giants Face Over $1 Billion in Fines Over Unauthorised Email, WhatsApp Use
Major US banks like JP Morgan Chase and Bank of America face upwards of $1 billion (roughly Rs. 8,000 crore) in fines, according to recent disclosures. The banks are being probed by the US Securities and Exchange Commission and the US Commodity Futures Trading Commission over employees' use of unapproved messaging tools like email and WhatsApp. Her...
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Vietnam's VinFast Taps Banks For $4 Billion EV Factory Funding Deal
Vietnam carmaker VinFast said it has tapped Credit Suisse and Citigroup to raise at least $4 billion to build its planned electric vehicle factory in North Carolina and fund its U.S. expansion.
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Axis Bank's Shares Rise Nearly 2% After Citigroup's India Retail Business Deal
Shares of Axis Bank gained nearly 2 per cent in morning trade on Thursday after the company said it would acquire US-based Citi's consumer business in India for Rs 12,325 crore.
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Citi Is Next Among International Banks Scaling Down India Operations
American banking major Citi has joined a long list of foreign banks that have either exited or cut down on their business presence in India with the sale of its consumer banking business to Axis Bank for Rs 12,325 crore.
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Axis Bank To Buy Citigroup's Retail Business In India For $2.5 Billion: Report
Private sector lender Axis Bank is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon, sources said on Wednesday.
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Citigroup Confronts Vaccine Holdouts In No Jab, No Job Mandate
Citigroup Inc. was the first major Wall Street bank to impose a strict Covid-19 vaccine mandate: Get a shot or face termination. With its deadline fast approaching, the company is preparing for action.
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Citigroup To Create 100 Roles In Digital Asset Push
Citigroup is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division, the U.S. bank said on Tuesday.
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Citigroup, Kotak Mahindra, Among 10 Others Selected To Manage LIC IPO
10 investment banks including Goldman Sachs, Citigroup, Kotak Mahindra, SBI Caps are selected to handle the initial public offering of Life Insurance Corp of India planned for this fiscal
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Citi Considering Bitcoin Futures Trading for Some Institutional Clients
Citigroup is considering offering Bitcoin futures trading for some institutional clients, a spokesperson for the bank said, citing increased demand in the cryptocurrency space.
-
Some US Banks Explore Venturing into Crypto with Joint Stablecoin: Report
Some of the largest banks in the US are exploring whether to team up to issue a joint stablecoin. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are reportedly part of the discussions.
-
Citigroup Credited $81 Trillion In Account Instead Of $280 By Mistake: Report
Citigroup accidentally credited an account with $81 trillion instead of $280 as it meant to before catching the error, the Financial Times reported.
-
Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
-
Wall Street's Biggest Banks Failing Key Green Test in Fresh Study
The six biggest banks on Wall Street are failing to live up to a key plank of their ESG commitments to stakeholders, according to a joint study published on Wednesday.
-
US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
-
Citigroup Raises CEO Jane Fraser's Salary To $24.5 Million
Ms Fraser's pay rise has made her the only big US bank boss to receive a bump amid a challenging year for the industry.
-
US Banking Giants Face Over $1 Billion in Fines Over Unauthorised Email, WhatsApp Use
Major US banks like JP Morgan Chase and Bank of America face upwards of $1 billion (roughly Rs. 8,000 crore) in fines, according to recent disclosures. The banks are being probed by the US Securities and Exchange Commission and the US Commodity Futures Trading Commission over employees' use of unapproved messaging tools like email and WhatsApp. Her...
-
Vietnam's VinFast Taps Banks For $4 Billion EV Factory Funding Deal
Vietnam carmaker VinFast said it has tapped Credit Suisse and Citigroup to raise at least $4 billion to build its planned electric vehicle factory in North Carolina and fund its U.S. expansion.
-
Axis Bank's Shares Rise Nearly 2% After Citigroup's India Retail Business Deal
Shares of Axis Bank gained nearly 2 per cent in morning trade on Thursday after the company said it would acquire US-based Citi's consumer business in India for Rs 12,325 crore.
-
Citi Is Next Among International Banks Scaling Down India Operations
American banking major Citi has joined a long list of foreign banks that have either exited or cut down on their business presence in India with the sale of its consumer banking business to Axis Bank for Rs 12,325 crore.
-
Axis Bank To Buy Citigroup's Retail Business In India For $2.5 Billion: Report
Private sector lender Axis Bank is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon, sources said on Wednesday.
-
Citigroup Confronts Vaccine Holdouts In No Jab, No Job Mandate
Citigroup Inc. was the first major Wall Street bank to impose a strict Covid-19 vaccine mandate: Get a shot or face termination. With its deadline fast approaching, the company is preparing for action.
-
Citigroup To Create 100 Roles In Digital Asset Push
Citigroup is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division, the U.S. bank said on Tuesday.
-
Citigroup, Kotak Mahindra, Among 10 Others Selected To Manage LIC IPO
10 investment banks including Goldman Sachs, Citigroup, Kotak Mahindra, SBI Caps are selected to handle the initial public offering of Life Insurance Corp of India planned for this fiscal
-
Citi Considering Bitcoin Futures Trading for Some Institutional Clients
Citigroup is considering offering Bitcoin futures trading for some institutional clients, a spokesperson for the bank said, citing increased demand in the cryptocurrency space.
