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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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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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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.
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No Zoom on Friday: Citigroup CEO Jane Fraser Lays Out Measures to Ease Work From Home Fatigue
It took a year of the pandemic but finally one of the world’s biggest banks has acknowledged the huge toll that working remotely is taking on its staff. Citigroup CEO Jane Fraser wants to ease Zoom fatigue and go back to regular working hours. That tells you how bad things have got — at investment banks and at large businesses generally.
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Opinion: No Zoom On Friday! Companies Handle WFH Fatigue
It took a year of the pandemic but finally one of the world's biggest banks has acknowledged the huge toll that working remotely is taking on its staff. Jane Fraser, Citigroup Inc's chief executive officer, wants to ease Zoom fatigue and go back to regular working hours. That tells you how bad things have got - at investment banks and at large busi...
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Google Pay Adds Paid Promotions, Opens Waitlists for Bank Accounts With Citigroup
Google Pay gets a major overhaul, introducing paid promotions to the service and opening a waitlist for bank accounts being launched next year with Citigroup and 10 other institutions.
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Citigroup Names Jane Fraser As First Woman CEO
Citigroup named Jane Fraser as its next chief executive on Thursday, tapping a woman to lead a giant Wall Street bank for the first time.
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Citi's $900 Million Mistake Happened In The Middle Of A Software Switch
For years Citigroup Inc. has been an anomaly among big banks, relying on an obscure piece of software it helped develop to manage loan payments. Just as the bank tried to replace it, things went terribly wrong.
-
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.
-
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.
-
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.
-
No Zoom on Friday: Citigroup CEO Jane Fraser Lays Out Measures to Ease Work From Home Fatigue
It took a year of the pandemic but finally one of the world’s biggest banks has acknowledged the huge toll that working remotely is taking on its staff. Citigroup CEO Jane Fraser wants to ease Zoom fatigue and go back to regular working hours. That tells you how bad things have got — at investment banks and at large businesses generally.
-
Opinion: No Zoom On Friday! Companies Handle WFH Fatigue
It took a year of the pandemic but finally one of the world's biggest banks has acknowledged the huge toll that working remotely is taking on its staff. Jane Fraser, Citigroup Inc's chief executive officer, wants to ease Zoom fatigue and go back to regular working hours. That tells you how bad things have got - at investment banks and at large busi...
-
Google Pay Adds Paid Promotions, Opens Waitlists for Bank Accounts With Citigroup
Google Pay gets a major overhaul, introducing paid promotions to the service and opening a waitlist for bank accounts being launched next year with Citigroup and 10 other institutions.
-
Citigroup Names Jane Fraser As First Woman CEO
Citigroup named Jane Fraser as its next chief executive on Thursday, tapping a woman to lead a giant Wall Street bank for the first time.
-
Citi's $900 Million Mistake Happened In The Middle Of A Software Switch
For years Citigroup Inc. has been an anomaly among big banks, relying on an obscure piece of software it helped develop to manage loan payments. Just as the bank tried to replace it, things went terribly wrong.
