Citigroup (C) Fined $25.9M for Armenian American Discrimination
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 to Offer Custody Services for Tokenized Securities
HSBC announces plan to launch a new digital assets custody service for institutional clients in 2024.
Citigroup (C) Considering 10% Job Cuts in Key Businesses
As part of internal changes announced in September, Citigroup (C) will reportedly lay off 10% of jobs in several major businesses.
Citigroup fined $26M for discriminating against Armenian-American card applicants
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.
Citigroup Fined $25.9 Million For Allegedly Discriminating Against Armenian Americans
The bank says the “unacceptable” actions stemmed from a desire to safeguard against a “well-documented Armenian fraud ring.”
Citi to Pay $25.9M For Discriminating Against Armenian-American Credit Card Applicants
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.
Citi Has a Heap of Problems. What It Needs to Fix, in 5 Charts.
The big bank has a long to-do list. At the top: increasing profit margins and the stock price.
Citigroup employees face job cuts as CEO Jane Fraser needs to cut expenses
CNBC's Hugh Son joins 'Power Lunch' to report on Citigroup considering future job cuts.
Citigroup mulling layoffs as part of CEO Jane Fraser's ‘Project Bora Bora': report
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.
Citigroup considers deep job cuts for CEO Jane Fraser's overhaul
CNBC's Hugh Son reports on the massive reorganization at Citigroup.
Citigroup Reorganization Could Include Layoffs of 10%
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's r...
Citigroup Could Cut 10% of Jobs. The Stock Is Slumping.
CNBC says bank-holding firm Citigroup is considering massive job cuts. Shares have dropped 40% since Jane Fraser was named CEO in early 2021.
Citigroup reportedly mulling swingeing job cuts with up to 24,000 set for the axe
Citigroup Inc (NYSE:C) is contemplating a significant workforce reduction, potentially cutting 10% of its employees, as CEO Jane Fraser embarks on a major restructuring initiative, internally dubbe...
Citigroup pursuing ‘Project Bora-Bora' with staff reductions of at least 10% in some areas: report
Citigroup Inc.'s stock C, +3.53% was up by 0.3% in premarket trading on Monday after CNBC-TV reported layoffs of at least 10% in some departments as part of a previously-announced restructuring und...
Citigroup mulls deep job cuts for CEO Jane Fraser's corporate overhaul, called 'Project Bora Bora'
Citigroup CEO Jane Fraser may preside over some of Wall Street's deepest job cuts in years as she faces mounting pressure to fix the third-largest U.S. bank.
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