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 ...

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 ...

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.

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.

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 ...

Jeremy Knowland, the head of Citigroup Inc.’s private bank in the UK, is leaving the Wall Street giant after about two decades, the latest in a series of leadership changes for its wealth business.

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

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 ...

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 ...