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C Oct 2024 52.500 put
- Fortune
Morgan Stanley says ‘crown jewel’ of Citi is worth half the bank’s value
After attending an investors day at Citi, Morgan Stanley analysts valued the bank's services segment at $56 billion.
- 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.
