HSBC will reportedly acquire Citigroup's China consumer wealth management business in a deal that could be announced as early as next month.
September 29, 2023Citi defaulted about 360,000 accounts to receive disclosures electronically without receiving proper consent from the customers.
September 29, 2023Eight US banks are accused of conspiring to artificially inflate the interest rates on debt securities between 2008 and 2016.
September 25, 2023The SEC said Citigroup Global Markets used an "unsubstantiated and unverified" method to calculate and record indirect expenses associated with its underwriting work.
August 31, 2023JPMorgan Chase, Bank of America, Wells Fargo and Citigroup expect to pay a combined $8.2bn to replenish the fund.
August 10, 2023Higher capital requirements being considered could make it more difficult to provide credit to the economy, banks say.
July 15, 2023Tom Hayes was the first person to be convicted of rigging LIBOR. He was released from jail in 2021 after serving half of an 11-year sentence.
July 7, 2023The settlement requires Goldman to hire independent experts to analyse its gender pay gaps and performance evaluation and career advancement processes.
May 11, 2023The ECB has urged US banks to move more assets and risk to the euro area after a "desk mapping" review that took place last year.
April 22, 2023If approved by the court, the settlement would mean investors have won USD 651.5 million in Euribor-rigging settlements with seven banks.
April 17, 2023