CitibankConsumer News

SEC says Citi has no basis to pull ‘racial equity audit’ proposal, says Reuters

From Reuters: The U.S. Securities and Exchange Commission has rejected a bid by Citigroup Inc to exclude a shareholder proposal that would call for an...

Citibank customers take note: Why Citi’s $500M Mistake Is Really A Design Debt Interest Payment

From Forbes: Bad user interface design just cost Citi $500M. Three employees using poorly designed software accidentally sent $900 million to one of its client’s...

Citi Private Bank sees modest overall market gains in 2021, but loves these ‘unstoppable’ trends, says CNBC

From CNBC: U.S. large caps are likely to see modest gains next year as the economy recovers from Covid, but stocks that are caught up...

Citibank news: Real Estate Rumors: Citi, Civic Builders, EastBanc

From Law360: Law360 (February 22, 2021, 5:04 PM EST) -- Citigroup and Bank of America have loaned $99 million in commercial mortgage-backed securities for a...

Latest Citibank customer news: Law360’s Pro Say: Citibank’s $900 Million Mistake

From Law360: Law360 (February 19, 2021, 9:17 PM EST) -- Last August, Citibank accidentally paid $900 million to creditors of cosmetics giant Revlon, "one of...

Hold Citibank responsible: Citi’s Loss Over $500M ‘Blunder’ Won’t Be Easy To Shake

From Law360: Law360 (February 19, 2021, 6:28 PM EST) -- Citibank's stunning loss this past week in its effort to claw back more than $500...

Take action against Citibank: Citibank can’t get back $500 million it wired by mistake, judge rules

From CNN: New York (CNN Business)After committing one of the "biggest blunders in banking history," Citibank won't be allowed to recover the almost half a...

Citibank customers take note: Clunky software with a confusing UI just cost Citibank $500 million

From TechSpot: Facepalm: Citibank is learning a costly lesson in software design as a triple-checked mistake caused the bank to send out almost a billion...

Latest news

Top Uber story from The Verge: Uber reports $2.9 billion quarterly loss during pandemic

From The Verge: Uber lost $2.9 billion in the first quarter of 2020, its biggest loss in three quarters. The...

AT&T headlines: AT&T spinning off DirecTV after losing millions of customers

From WRAL Tech Wire: All those AT&T ads for Direct TV, including a variety of inducements, didn’t work. AT&T is...

Comcast headlines: Comcast doubles the speed to 50Mbps for Internet Essentials plan without added fees

From USA TODAY: Comcast is doubling the internet speed to to 50Mbps for its Internet Essentials plan without additional fees,...