Citigroup

  • AreYouReadyFeature
    Article

    Some companies are ready for CECL, some are not

    2019-05-08T14:16:00Z

    Citigroup raised its expected loan loss reserves under CECL as it prepares for parallel testing of its methodology, but plenty of organizations have barely started.

  • SP500
    Article

    Roughly half of S&P 500 disclose expected CECL impact

    2019-04-09T20:33:00Z

    A little more than half of the S P 500 have disclosed something about how they expect to be affected by CECL reporting when it begins next year.

  • Blog post

    Fed fines Citigroup $8.6M over improper mortgage documents

    2018-08-14T13:15:00Z

    The Board of Governors of the Federal Reserve has fined Citigroup $8.6 million for the improper execution of residential mortgage-related documents.

  • Blog post

    Banamex USA combined penalties reach $237.4M for Bank Secrecy Act violations

    2017-05-30T13:30:00Z

    Total combined penalties paid by Banamex USA following criminal and regulatory investigations for violations of the Bank Secrecy Act and anti-money laundering laws and regulations reached $237.4 million this month.

  • Blog post

    Third Citigroup Compliance Update Posted

    2015-09-03T13:45:00Z

    More than one year after Citigroup’s $7 billion landmark settlement with the government to resolve a federal investigation into the sale of sub-prime mortgages comes the third report on the bank’s progress. Details of the report include an assessment of Citi’s consumer relief efforts through March 31 and a review ...

  • Blog post

    Report: U.K. Regulator’s Victory in the Libor Scandal

    2015-08-05T10:30:00Z

    Image: Tom Hayes, once a “star trader” at UBS and Citigroup and the first to stand trial in the Libor scandal, has been charged with eight counts of conspiracy to manipulate Libor and will serve 14 years in prison. This case serves as a major turning point for the U.K. ...

  • Blog post

    Second Citigroup Compliance Update Posted

    2015-05-22T13:30:00Z

    Ten months after Citigroup’s $7 billion settlement with the government to resolve investigations into the sale of sub-prime mortgages, the bank has published its second compliance progress report, which provides an update on consumer relief credit submitted for the monitor’s assessment; a description of outreach events Citi has conducted; and ...

  • Blog post

    Citigroup Compliance Update Posted

    2015-01-21T13:45:00Z

    Six months following Citigroup’s $7 billion settlement with the government to resolve a federal investigation into the sale of subprime mortgages, the bank’s compliance monitor has published his first report on progress made. The report details Citi’s efforts on outreach requirements, tax reporting requirements, and consumer relief credit to date. ...