Latest Citigroup Corporate and Investment Bank News: Finextra Research

Barclays, RBS and Citi ban traders from chat rooms - FT

Barclays, The Royal Bank of Scotland and Citigroup have banned traders from using chat rooms in the wake of a series of scandals over manipulation of bank interest rates, according to the Financial Times.

22 November 2013

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Fintech start-ups get chance to wow Wall Street

Financial technology start-ups have been showing off their wares to top executives from Wall Street at the third annual FinTech Innovation Lab 'Demo Day' in New York.

12 July 2013

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Operations and technology to bear the brunt of brutal Citi rationalisation plan

Citigroup is to slash four per cent of its global workforce, eliminating 11,000 jobs in a bid to save more than $1.1 billion in operating expenses.

05 December 2012

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Citigroup fined for fat-finger trade that floored stock price

Citigroup has been fined $30,000 by Australian securities regulators for a fat-finger trading error which caused the share price of a stock to plunge by 99%.

28 August 2012

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Citi GTS opens Asia Pacific innovations lab

Citi's Global Transactions Services (GTS) business has opened an innovation lab in Singapore to showcase new Web, mobile, supply chain and analytics technologies to institutional clients.

07 December 2011

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Hackers dump Citigroup CEO personal data on the Web

Vikram Pandit, CEO of Citigroup, is the latest member of the financial elite to have his personal data distributed on the Internet by hackers supporting the Occupy Wall Street movement.

18 October 2011

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Citigroup exec admits to $22.9 million bank fraud

A former Citigroup treasurer accused of stealing $22.9 million from the bank has pleaded guilty to fraud at a court hearing in New York.

07 September 2011

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Citi exec charged with $19 million wire fraud

A former Citigroup executive has been charged with stealing $19 million from the bank in a swindle described by the FBI as the 'ultimate inside job'.

28 June 2011

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Currency players combine to manage 'flash crash' risks

The world's leading foreign exchange dealers and trading platforms are collaborating on an industry-wide initiative to reduce the risk of an algorithmic-led 'flash crash' hitting the global currency markets.

27 June 2011

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Finextra Dinner Club: Turning compliance into a competitive edge

The next meeting of the Finextra Dinner Club will focus on critical compliance issues for banks and feature presentations from Nicholas Child, MD and director of compliance at Citi, Simon Gleeson, partner in the financial services practice of Clifford Chance and Keith Saxton, director, global banking and financial markets for IBM.

15 April 2011

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Dodd-Frank snares hedgies in compliance net; Capital demands to hobble banks

Implementation of the Dodd-Frank financial reform laws in the US will force the largest hedge funds that pose the most risk to the system to register with the SEC, ushering in a new era of compliance and transparency for the private fund industry, according to a white paper from Citi Prime Finance.

29 March 2011

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Nyse Euronext bids to buy US options market share with Amex stake sale

Nyse Euronext has finally submitted plans to the Securities and Exchange Commission to sell half of its interest in the Amex stock options market to a group of global dealers.

22 March 2011

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