updated Fri. September 6, 2024
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CNBC
March 16, 2018
The Pentagon on Thursday confirmed that there was a hacking attempt against an online financial services portal that Citigroup manages for the Defense Department. Citigroup had told CNBC that a "malicious actor" attempted to gain access to several Citi credit card accounts tied to the Department ofÃâà...
The Australian Financial Review
March 16, 2018
While most major bricks and mortar retailers have put the brakes on new store development or are closing underperforming stores as retail sales growth eases, the slowdown in new floor space may not be enough to avoid a margin squeeze, according to Citigroup. The investment bank estimates thatÃâà...
City A.M.
March 16, 2018
Citigroup boss Michael Corbat was paid 369 times more than the average employee at the bank in 2017, regulatory filings revealed today. Corbat, the bank's president, was paid $17.8m (Ãâã12.77m) last year compared to the median pay of all Citi employees which was $48,249. He also received a 48 perÃâà...
Economic Times
March 16, 2018
Citigroup Inc Chief Executive Michael Corbat's annual pay for 2017 was 369 times the median annual pay of all employees, the bank said in a regulatory filing. Corbat's annual total compensation was $17.8 million while the median annual total compensation of all Citi employees was $48,249, the bankÃâà...
CNBC
March 15, 2018
Citigroup said a "malicious actor" attempted to gain access to several Citi accounts tied to the Department of Defense. The bank responded to CNBC's inquiry regarding an attempted credit card hack this past weekend. "There was no impact to Commercial Card services, nor was any customer dataÃâà...
Compliance Week (blog)
March 14, 2018
and Representative Elijah Cummings (D-Md.), the Ranking Member of the House Committee on Oversight and Government Reform, recently sent letters to Citigroup and Apollo Global Management seeking information on reports that the companies provided more than $500 million in loans to KushnerÃâà...
Business Insider
March 2, 2018
Citigroup's global head of cash trading is leaving the firm. Armando Diaz, who was hired in 2016 to revive Citi's moribund global cash trading business, is leaving the company, according to people familiar with the matter. This was Diaz's second stint at Citi. He ran US institutional cash trading at the firm upÃâà...
Fortune
February 24, 2018
Citigroup Inc., one of the world's largest credit-card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower. The lender determined that a method it was using to calculate APRs didn't properly reflect the full benefit customers should have received forÃâà...
CNNMoney
February 16, 2018
Citigroup boss Michael Corbat just got a huge raise. Corbat scored $23 million in total pay last year, the bank said on Friday. That's a cool 48% above what he made in 2016. The pay hike underlines Citi's (C) success in bouncing back from its near-death experience during the 2008 financial crisis. PoweredÃâà...