All Citigroup articles
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ArticleVolkswagen completes monitorship; Deloitte family leave policy too good to be true?
Volkswagen gets a nod this week for successfully completing its 3-year compliance monitorship related to Dieselgate. Deloitte, on the other hand, lands on the wrong side of our list.
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Article
Citigroup appoints chief compliance officer for Institutional Clients Group
Citigroup announced it has appointed Jennifer Taylor as chief compliance officer for its Institutional Clients Group, effective Dec. 7.
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Article
Citigroup chief compliance officer to retire
Citigroup Chief Compliance Officer Mark Carawan is set to retire after nearly nine years with the firm. Carawan will be replaced by Mary McNiff, the current chief executive officer of Citibank N.A.
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Article
Big banks start to report CECL impacts
Fourth-quarter earnings calls of large U.S. public financial institutions provide insights into FASB’s current expected credit loss (CECL) standard.
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Article
PRA fines Citigroup for regulatory disclosure failure
The Bank of England has hit Citigroup with a record £44 million (U.S. $56.5 million) fine after it found three of its U.K. units failed to submit complete and accurate regulatory information about the lender’s capital and liquidity levels.
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Article
Some companies are ready for CECL, some are not
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.
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Article
Roughly half of S&P 500 disclose expected CECL impact
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.
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Blog post
Fed fines Citigroup $8.6M over improper mortgage documents
The Board of Governors of the Federal Reserve has fined Citigroup $8.6 million for the improper execution of residential mortgage-related documents.
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Blog post
Banamex USA combined penalties reach $237.4M for Bank Secrecy Act violations
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.
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Blog post
Third Citigroup Compliance Update Posted
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 ...
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Blog post
Report: U.K. Regulator’s Victory in the Libor Scandal
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. ...
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Blog post
Second Citigroup Compliance Update Posted
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 ...
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Blog post
Citigroup Compliance Update Posted
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. ...
