Citigroup (C) will pay $25.9 million in fines for avoiding the approval of applications of Armenian Americans when they applied for credit cards, per the CFPB.
HSBC announces plan to launch a new digital assets custody service for institutional clients in 2024.
Citigroup (C) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
As part of internal changes announced in September, Citigroup (C) will reportedly lay off 10% of jobs in several major businesses.
The CFPB found that Citi employees were trained to avoid approving applications with last names ending in “yan” or “ian” — the most common suffix to Armenian last names.
The bank says the “unacceptable” actions stemmed from a desire to safeguard against a “well-documented Armenian fraud ring.”
Citigroup will pay $25.9 million in fines and redress to consumers after illegally discriminating against credit card applicants that the bank identified as Armenian American, according to the CFPB.
The Consumer Financial Protection Bureau ordered Citibank to pay $25.9 million in fines and consumer redress for intentional and illegal discrimination against credit-card applicants based on their Ar
In a clash of narratives, Citigroup (NYSE: C ) employees remain on edge amid concerns about a sweeping corporate overhaul involving workforce reductions. While specific numbers remain undisclosed, the
The big bank has a long to-do list. At the top: increasing profit margins and the stock price.
CNBC's Hugh Son joins 'Power Lunch' to report on Citigroup considering future job cuts.
Citigroup CEO Jane Fraser announced that she was implementing a massive reorganization known internally as "Project Bora Bora," which is set to include a hefty round of layoffs, according to a report.
CNBC's Hugh Son reports on the massive reorganization at Citigroup.
Citigroup is reportedly weighing wide-ranging job cuts as part of its CEO's reorganization plans. Managers and consultants at work on “Project Bora Bora” — the in-house code for CEO Jane Fraser
CNBC says bank-holding firm Citigroup is considering massive job cuts. Shares have dropped 40% since Jane Fraser was named CEO in early 2021.
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