acting through Citibank N.A., has been appointed by Prudential plc (“Prudential”) to act as successor depositary bank for its sponsored Level 2 American Depositary Receipt (“ADR”) program.

These solutions complement existing wealth management and philanthropy advisory products and services already available for ultra-high-net-worth clients in the US, the bank said on Wednesday (Mar 19).

Citi sustained an $81 trillion "inputting error" last year, though no money left the bank. This followed a series of operational blunders that have drawn regulatory scrutiny. In 2020, Citi ...

A federal judge barred Citi bank, which is stuck in the middle of a legal battle between climate nonprofit groups and the Environmental Protection Agency, from transferring $14 billion in grants for ...

In July, regulators fined the bank $136 million because of its slow improvement on data-quality management. Recent reports of botched account transfers renewed scrutiny Citi’s back-office controls.

Finkelstein, who is based in New York, joined Citi from Bank of America in 2018. Finkelstein spent more than a decade in various roles at Bank of America and previously worked at investment bank ...

Citigroup Inc. cut payouts to hundreds of top executives in the final round of a three-year special bonus program that tied their compensation to the bank’s progress on risk and regulatory matters.

When Citi CEO Jane Fraser took over in 2021, she faced her own crisis. A year earlier, the bank accidentally wired $900 million to a client’s lenders, sparking a legal battle. Regulators stepped ...

Citi says a payment that size could not have actually been executed and would have been stopped before any funds left the bank.

No funds ended up being disbursed by Citi, which disclosed the near miss — when a bank processes the wrong amount but is able to recover the funds — to the Federal Reserve and the Office of ...

No funds left the bank, and Citi told the Federal Reserve and Office of the Comptroller of the Currency about the error, calling it a “near miss.” The mistake was the latest in a string of ...