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The Latest Breaking News from Citibank

California Voters Can Reverse State’s Decision to Cut Millions For Climate Disasters

New scorecard reveals extent of private equity’s role in fossil fuel finance.

Capital & Main

The Benefits of Outsourcing Data Room Services from a Professional Provider

Conviction, divorces, multimillion-dollar damages, hiding children in bathtubs because of an upcoming ballistic missile. These are not episodes from Hollywood movies but real stories highlighting the importance of choosing reliable software for business leaders and governors.When dealing with sensitive transactions like mergers and acquisitions, it's crucial to consider a virtual…

inkl

To Repair Its Reputation, Citibank Must Fix Its Culture

Citigroup has been hit with a torrent of suits and scandals in recent years -- all centered on the abusive way the bank has treated its customers.

International Business Times

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Cello-playing climate activist arrested at New York Citibank protest as crackdown escalates

Second activist also arrested during ‘summer of heat’ protest against second largest financier of fossil fuels

The Guardian - US

Citigroup Reports Q2 Earnings: Buy, Sell or Hold?

Citigroup stock is down despite reporting second-quarter earnings results that topped analysts’ expectations. Here’s what you need to know.

Kiplinger

World’s top banks ‘greenwashing their role in destruction of the Amazon’

Institutions alleged to have given billions of dollars to oil and gas companies involved in projects that are harming the rainforests

The Guardian - UK

Can You Avoid Credit Card Debt If You Move To Another Country?

A Chinese student studying in the US claims to have maxed out credit cards to resist American imperialism.

International Business Times UK

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West Virginia treasurer sends letter to financial institutions over ESG practices

West Virginia Treasurer Riley Moore (R) sent a letter on February 22, 2024, to six banks—including Citibank, TD Bank, and HSBC—warning that they may be ineligible for contracts with the state in 45 days unless they show that they do not illegally boycott fossil fuel companies.

Ballotpedia

West Virginia treasurer sends letter to financial institutions over ESG practices

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Take it from a former banker: the budget is for ordinary people. The mega-rich look on and laugh

Whatever Jeremy Hunt says, traders know the rich will get richer and the poor will get poorer. And they’re paid millions to bet on it, says the author Gary Stevenson

The Guardian - UK

Gold: Is $2,000 a Bottom?

Gold reached a new record high in 2023 and was the only precious metal with a significant gain last year. While the $2,000 level was a technical resistance level over the past years, it has become technical support in 2024.

Barchart

Bank CEOs enjoy 6% to 22% pay hikes while several branches close down across America

This news comes alongside reports of the Bank of America, Wells Fargo and Citibank persisting in the closure of branches across the United States.

International Business Times UK

The Trading Game by Gary Stevenson review – cashing out

A former City trader looks back in anger in this darkly funny account of eye-watering bonuses and emotional detachment

The Guardian - UK

Is Citibank's Security Leaving Customers At Risk? AG Launches Lawsuit Over Alleged Negligence

Citibank faces a lawsuit from the NY Attorney General, Letitia James, for alleged negligence in protecting customers from scams, and reimbursing fraud victims.

International Business Times

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Latin Times

Best Bank Accounts for Non-US Citizens

This guide will help you make choose the best bank account for you if you're a non-citizen

Chicago Sun-Times

Former Citi VP in Chicago charged with elder fraud

Helen Caldwell, whose actions were spotlighted in an Injustice Watch investigation published by the Sun-Times, is charged with bilking $1.5 million by steering elderly banking clients to invest in her side deals producing slasher movies.

Creative Bloq

"If you've got a logo that people recognise, never change it," Pentagram's Paula Scher shares how she designed some of the world's most famous logos

We chat to the legendary designer about painting Porsches, the Public Theater and the value of making mistakes.

The Guardian - US

The grey moral ground of lying on expense travel reports

A Citibank employee was recently fired for fudging receipts, but companies are striving to follow the rules laid down by the IRS

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news in one place.

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The Independent UK

Citibank fires banker for Instagram message saying ‘no wonder Hitler wanted to get rid’ of Jewish people

Finance specialist wrote the post in response to a deadly explosion at a hospital in the embattled Gaza Strip

The Independent UK

International banker sacked after claiming partner’s sandwich on expenses

Citibank analyst dismissed after claiming for two sandwiches, two coffees and two pasta dishes on work trip to Amsterdam

The Independent UK

Banker who got into double trouble for claiming 2 meals on expenses loses UK lawsuit over firing

A financial analyst who was fired by Citibank after claiming a two-sandwich lunch on expenses has lost a legal battle for wrongful dismissal

Fortune

Citibank wins lawsuit against former analyst who was dismissed for buying his partner meals then charging it to the company

Szabolcs Fekete claimed he had eaten two portions of pasta in one sitting, but the Citibank analyst later admitted his partner had been on the work trip with him.

Capital & Main

Banks Keep Financing Coal Despite Their Net-Zero Pledges Thanks to Massive Loophole

JPMorgan Chase, Bank of America, Citibank and Wells Fargo are among those putting big money into companies that operate coal plants.

Fortune

The Disney-Charter cable TV dispute could cost Disney up to $2.3 billion—it all depends on how many customers ditch cable for good

Disney is banking on Charter’s customers switching to streaming services that carry Disney-owned channels.

Chicago Sun-Times

Wire transfer scam victims say banks could stop the fraud — but don’t

Consumers have lost billions through unwanted wire transfers, which don’t carry the same legal protections as debit or ATM transactions. The banks say they’re doing all they can to warn people about scams.

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