CitibankIndustry News

Bloomberg Law on Citibank: Citi Hires IBM’s Rugg to Head Digital Assets for Treasury Unit

From Bloomberg Law: Citigroup Inc. hired Ryan Rugg from International Business Machines Corp. to oversee the bank’s work with digital assets inside its treasury unit. Rugg was most recently head of the Americas blockchain team...

Citibank headlines: Citi Sues Revlon Over Lender Status After $900 Million Mistake

From Bloomberg Law: Citigroup Inc. has sued Revlon Inc. in a bid to resolve a nagging legal question that emerged after the bank mistakenly wired $900 million to the cosmetics giant’s lenders and intensified after...

Reuters reports Ex-Citi CEO defends “dancing” quote to U.S. panel

From Reuters: * Citi couldn’t be only bank to stop leveraged lending * 2007 quote had “nothing to do” with mortgage crisis NEW YORK, April 8 (Reuters) - Charles “Chuck” Prince’s infamous comment that his bank was...

Citibank news: Citi Wants To Be Revlon Creditor Over $500M Wire Mistake

From Law360: By Jon Hill (August 15, 2022, 8:55 PM EDT) -- Citibank NA has asked a New York federal judge to rule that it can stand in as a creditor in Revlon's bankruptcy case...

Top Citibank story from Reuters: Former Citi FX trader set to challenge dismissal in London court

From Reuters: LONDON (Reuters) - A former Citigroup C.N foreign exchange trader is to challenge his dismissal at a London court on Tuesday, potentially the first of many such cases in the wake of the...

Top Citi UK Dealmaker Skarbek Resigns Amid Ongoing Probe (1), according to Bloomberg Law

From Bloomberg Law: Citigroup Inc. dealmaker Jan Skarbek, one of the UK’s most high-profile investment bankers, has resigned from the firm amid an ongoing probe, people with knowledge of the matter said. The US lender...

Ex-Citi Banker Slams Bond Vigilantes Pushing ESG Agendas on Poor, according to Bloomberg Law

From Bloomberg Law: Bond investors who force lopsided ESG agendas on impoverished nations risk harming some of the world’s most vulnerable populations, according to the head of impact at climate finance advisory firm Pollination Group. Zoe...

MOVES-Citi hires ex-Deutsche iron ore trader, bets on bulks volatility, according to Reuters

From Reuters: (Adds details in second paragraph on nature of Citi’s services, writes through) LONDON, July 29 (Reuters) - Citigroup Inc has hired a physical iron ore trader from Deutsche Bank AG to head its global...

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Take action against Airbnb: Airbnb is rolling out ‘new anti-party technology’ in North America

From The Verge: Airbnb is testing new “anti-party technology” in the US and Canada as it attempts to enforce a...

Take action against Airbnb: Airbnb Rolling Out New Screening Tools To Stop Parties

From News On 6: Airbnb says it will use new methods to spot and block people who try to use...

Top Sprint story from Bloomberg Law: T-Mobile’s Sprint Takeover Boosted Mobile Phone Bills, Suit Says

From Bloomberg Law: T-Mobile US Inc.’s 2020 acquisition of Sprint Corp.reduced competition and led to higher prices for all US...