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The Latest Breaking News from Citibank

Citibank CEO ‘very pleased’ First Republic’s demise eliminates the last big threat from banking's recent turmoil

With the collapse of the second-largest commercial lender in U.S. history, Citi’s Jane Fraser believes the financial sector is now poised to draw a line under the crisis.

Fortune

Climate protesters call out US banks for funding fossil fuel projects

Offices of Citibank in New York and Wells Fargo in San Francisco targeted by activists urging shareholders to act

The Guardian - US

The 10 best personal loans for April 2023

We compared personal loans across 17 financial institutions and weighed loan amounts, terms, associated fees, customer service options, and more.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

ICJ Rejects Iran's Bid to Release Assets Frozen by US

The International Court of Justice (ICJ) has rejected Iran's legal bid to release about $2 billion owned by the Markazi Bank frozen by the US. The Associated Press reported that the largest part of the case focused on Bank Markazi and its frozen assets of $1.75 billion in bonds and…

Asharq Al-Awsat

Top UN court rejects Iranian bid to free assets frozen by US

The United Nations’ top court has rejected Tehran’s legal bid to free up some $2 billion in Iranian central bank assets frozen by U.S. authorities to be paid in compensation to victims of a 1983 bombing in Lebanon and other attacks linked to Iran

The Independent UK

'We view this as an irrational market,' Citigroup analysts worry that major bank stocks like Deutsche Bank are cratering for psychological reasons

Citi really fears the "knock-on impact from various media headlines on depositors psychologically," regardless of whether the initial reasoning was correct.

Fortune

Older Americans protest against ‘dirty banks’ funding oil and gas projects

Protesters cut up credit cards and march to Washington branches of JPMorgan Chase, Citibank, Bank of America and Wells Fargo

The Guardian - US

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I paid £70,000 to fraudsters – can Santander help?

Scammers posed as Citibank agents and convinced me to buy a high-return investment bond

The Guardian - UK

Citibank is offering up to $2,000 for new checking account customers.

But there's a catch: You'll need to deposit at least $300,000 to qualify for the bank's bonus.

Fortune

Isn’t it time your checking account paid you back?

Want to earn some extra cash on a new checking account? Here are 10 accounts with cash bonuses.

Fortune

Man tries to rob Little Village bank: FBI

A man handed a teller a note, implying he had a gun, police say. After not getting any money, he walked out of the Citibank branch.

Chicago Sun-Times

South Side woman bilked out of $400,000 by financial adviser who used money to fund her film production company, lawsuit claims

“She moves into assisted living, and all of the sudden large checks start getting made payable to Canal Productions, checks running as high as $75,000,” said Cook County Public Guardian Charles Golbert.

Chicago Sun-Times

Major banks support rainforest oil project despite problems

Financing fossil fuels, which are the primary cause of climate change, has become controversial in recent years, with major banks under fire for the scale of their lending for oil and gas development

The Independent UK

Businessman 'blinded by attraction' fights to claw back £200,000 he gave to Tinder lover

Oil industry consultant Marcel Kooter, 61, said he was 'blinded by attraction' when he agreed to transfer the money to Manuela Radeva, who he had met online

Daily Mirror

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Tribune News Service

After a lifetime of circling politics, Wes Moore picks his moment. Will Maryland voters hire him for his most ambitious job yet?

BALTIMORE — The first time the debate over Wes Moore’s future entered the national media spotlight, he wasn’t on a book tour or in the midst of prestigious programs like the Rhodes scholarship or White House Fellowship.

Evening Standard

‘That is what we do’: Trader claims he shorted the pound after mini-budget

Kieran told LBC bankers were ‘rubbing their hands’ when Kwasi Kwarteng unveiled the mini-budget

Manchester Evening News

Mum loses £170k in investment scam

'I thought it was strange'

Wales Online

Mother loses life savings after her bank fails to spot a scam

Former London firefighter stung for over £100,000 after being conned in New Zealand

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news in one place.

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The Independent UK

Man calls out Citibank for offering $40 bonus to customers who deposit $10k into savings: ‘You can buy pizza’

‘This actually made me laugh’

Daily Record

Mum loses life savings after bank sends £170k to fraudsters 'no questions asked'

After completing a form online for life insurance cover in June, Cath Mulalley received a call from a man claiming to be an investment advisor a couple of days later.

Daily Mirror

Mum loses life savings after bank staff transfer £170,000 to scammers with 'no questions'

Cath Mulalley says she has been left suffering panic attacks and doesn't know what to do after scammers stole £170,000 while she was in a New Zealand bank branch

ABC News

Australians are losing billions in scams and there are calls for banks to pay them back

Sylvia Chou was looking forward to a comfortable retirement before she fell victim to an online investment scam, that she said her bank NAB should have stopped.

Bangkok Post

Thai growth downgraded by Citibank

Citibank has downgraded its 2022 forecast for Thai economic growth to 3.5%, from 3.6%, with next year's GDP predicted to expand by 4.5%, a fall from 4.8%.

Bangkok Post

Citi, ShopeePay team for top-up service

Citi Thailand has partnered with ShopeePay to launch a quick transfer service on the platform for convenient and secure payments.

Fortune

Banks are scaling back overdraft fees, but lawmakers push for federal restrictions

Democrats have renewed their bid to restrict overdraft fees through federal legislation.

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