CitibankIndustry News

Citi blocked PDVSA attempt to pay Siemens, executive says at trial, according to Reuters

From Reuters: NEW YORK (Reuters) - Citigroup Inc blocked an attempt by Venezuelan state oil company PDVSA to make debt payments to a Siemens unit, a Citi executive testified on Wednesday in a U.S. trial...

Citibank news: Citi Wants Grand Jury Docs In Ex-Trader’s Forex Probe Suit

From Law360: By Rachel Scharf (September 22, 2021, 7:14 PM EDT) -- Citigroup Inc. asked a New York federal judge Tuesday for access to records from the grand jury that indicted a former London-based trader...

Bloomberg Law on Citibank: Citi Sharing Post-Trade Data With Snowflake to Ease Settlement

From Bloomberg Law: Citigroup Inc. will begin sharing some data with cloud-storage software maker Snowflake Inc., a move that will help the bank reduce costs and streamline some of its post-trade processes. Any time a trade...

Citibank news: Citi to Rework Commodities Unit, Hires Moorooven From Engie (1)

From Bloomberg Law: Citigroup Inc. said it’s seeking to improve the organizational structure of its commodities-trading business. The New York-based bank also hired Yoven Moorooven as global head of new business ventures for the commodities-trading division,...

Best business gas card 2021: Bank of America, Citi & more compared, according to ZDNet

From ZDNet: There is no shortage of credit card rewards to choose from, but when you spend your life on the road in between businesses, a gas credit card for business could be the best...

Citi sets up new team to help ’emerging’ Chinese companies expand to Singapore, according to CNBC

From CNBC: SINGAPORE — Citi's commercial banking unit has set up a China desk in Singapore dedicated to helping "emerging" Chinese companies expand into the city-state and Southeast Asia, the bank told CNBC. Citi Commercial Bank...

Take action against Citibank: NJ Law Firm Fights Citibank’s Bid To Duck Wire Fraud Suit

From Law360: Law360 (September 3, 2021, 5:00 PM EDT) -- Scura Wigfield Heyer Stevens & Cammarota LLP called on a New Jersey federal court Friday to keep Citibank NA in its suit over a purported...

Citibank eyes new North Dallas operation, according to The Dallas Morning News

From The Dallas Morning News: New York-based banking giant Citigroup is planning a new office in North Dallas. But the big bank isn’t saying what operations will be in the new location on Preston Road. Citibank is...

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PayPal headlines: Fact check: Treasury proposal wouldn’t levy new tax on PayPal, Venmo transactions

From USA TODAY: A proposal from the Department of the Treasury aimed at decreasing tax avoidance has become the subject...

T-Mobile customers take note: AT&T says it has big problems. A T-Mobile salesman showed me how big

From ZDNet: I've missed going to phone stores. This may not be a sentence you've heard from too many people lately,...

TechCrunch on PayPal: This Week in Apps: PayPal launches ‘super app,’ Twitter adds crypto tips, Apple won’t take Fortnite back

From TechCrunch: Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS...