News with the tag "Citibank"

Two US lawmakers are accusing seven of the largest American banks by total assets of failing to pass the benefits of a high interest-rate environment to customers. In a letter to the CEOs of Bank of America, Citibank, JPMorgan Chase (JPMC), US Bank, PNC Bank, Truist and Wells Fargo, US senators Eliz...

Stefan Gratzer, JPMorgan's managing director and head of institutional wealth management for Switzerland, said promised policy changes on tax, crypto, and deregulation could impact banks during the first two years under Trump's government. Gratzer added that it would be crucial to see how Trump's po...

Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network.

A former personal banker at Citibank has admitted to stealing a huge pile of cash from an elderly customer. According to the office of the Manhattan District Attorney, 35-year-old Juan Velez stole tens of thousands of dollars from a 79-year-old customer over a span of 12 months. “According to court ...

Wall Street executives are headed to Saudi Arabia’s annual Future Investment Initiative (FII) in Riyadh, lured by promises of investment and Saudi Arabia’s $1 trillion Public Investment Fund (PIF). Big names like David Solomon from Goldman Sachs, Larry Fink of BlackRock, and Citigroup’s Jane Fraser ...

Ripple’s CEO, Brad Garlinghouse, was de-banked by a U.S.-based banking institution, Citibank. The crypto executive emphasized that the bank de-banked him for his close ties and prominence in the crypto industry.

Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory missteps and mi...

Interest in crypto assets by family offices is on the rise, according to a survey conducted by the fourth largest bank in the US by total assets, Citibank. Citibank’s Global Family Office 2024 Survey Report says that around 25% of the family offices that participated “had already invested or were pl...

A total of 94 US banks are at significant risk of experiencing bank runs by uninsured depositors if they show financial weakness, according to a new report. An analysis from Florida Atlantic University finds the billion-dollar banks in question – which include seven US financial giants – have all re...

Americans are increasingly moving their hard-earned cash into higher-yielding financial products as US banks battle to stop deposit flight. People have increasingly grown weary of the low interest on deposits offered by banks and have now poured a record $6.15 trillion into money market funds, repor...