C Jun 2025 60.000 put
- Zacks
Citigroup (C) Expands Footprint in Japan With New CCB Unit
Citigroup (C) launches CCB in Japan. The launch supports and caters to the daily demands, cross-border requirements and growth aspirations of mid-sized corporates in Japan.
- Reuters
Germany fines Citigroup over 'fat-finger' failures
FRANKFURT (Reuters) -Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation's bank regulator said on Thursday, as its consumer protection division imposed its largest penalty ever. It is related to a mishap in 2022 involving $1.4 billion in mistaken sell orders in equities, an event that riled markets and for which Citigroup was already fined 61.6 million pounds($78.24 million) by British authorities in May. Citi on May 2, 2022 processed a $444 billion order that was meant to amount to just $58 million, prompting $1.4 billion in mistaken sell orders, according to British regulators' findings.
- Bloomberg
Citi Sees AI Displacing More Bank Jobs Than Any Other Sector
(Bloomberg) -- Citigroup Inc. said artificial intelligence is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance and makes workers more productive. Most Read from BloombergCar Dealerships Across US Halt Services After CyberattackPutin’s Hybrid War Opens a Second Front on NATO’s Eastern BorderHedge Fund Talent Schools Are Looking for the Perfect TraderWhat to Know About the Deadly Flesh-Eating Bacteria Spreading
