Displaying 398 results
Finra censures, fines Citigroup over UIT sales violations
For failing to credit discounts to customers, Citi will pay $377,000.
Female bankers take lead as financial companies target China’s wealthiest
Clients and banks say women bankers have the skills required by high-net worth clients
Citi wealth management launches digital financial planning
Product lets clients select their financial goals and create a plan for achieving them
Philadelphia sues seven banks over 'collusion’ in municipal bond deals
Banks including JPMorgan and Bank of America conspired to fix prices on floating-rate municipal bonds, according to suit.
Banks continue to unload munis in third quarter
Last year's tax overhaul made state and local government debt less attractive to financial institutions.
Finra fines Citigroup $100,000 for overcharging clients
Investors placed in the wrong mutual fund share classes were overcharged by more than $260,000.
U.S. banks continue to slash exposure to muni-bonds made less valuable by tax cuts
According to estimates. the institutions decreased their municipal-debt holdings by nearly $6 billion in the second quarter.
Citigroup unveils plan to reverse its declining diversity
Top leaders at the firm will be measured on the progress of diversity goals on their scorecard, as they are with other business priorities.
Citigroup reaches $6.9 million settlement in 401(k) lawsuit
A handful of other fund managers have settled similar allegations over the past two years.
Wall Street fears new international tax
Levy on overseas profits was aimed at tech and pharma companies, but quirks in the way it's calculated mean it's likely to hit big banks.
Millennial heirs go to summer camp
Wealth managers host workshops for the offspring of rich clients to build their brands with the next generation.
Finra orders Citi to pay $4 million in wrongful dismissal case
Broker Christian S. Gherardi of Miami had sought $16.5 million in damages.
Citigroup uses tax break windfall to rain profits on investors
In contrast to Wells Fargo and JPMorgan Chase, bank makes no mention of gains for staff or charity, but calls out cash to clients exclusively.
Citigroup is latest big firm to dump broker protocol
Despite having fewer brokers than Morgan Stanley and UBS, Citi's exit suggests industry recruiting will change.
Citigroup must pay $11.5 million over garbled stock ratings
Finra says the bank's ratings system was riddled with errors and cost clients money.
Big U.S. banks could see profits jump 20% with deregulation
Allowing bond purchases with borrowed funds would have the biggest impact
Attorney blasts Finra after regulator loses insider trading case
Lawyer says it was 'slimy' of Finra to publicize the case while it was still being litigated
Betterment targets more affluent investors
Robo-adviser's overhaul of its brand comes as traditional players start to employ more technology when providing investment advice.
Trump miscues, more cash becoming available will drive summer muni bond rally
As Trump agenda derails, municipal bonds are benefitting from flight to safety as well as a mismatch between bonds maturing and new issues.
SEC hits Citigroup advisory unit with $18.3 million penalty for overbilling clients
From 2000 until 2015, Citigroup overcharged about 60,000 advisory client accounts and was unable to locate another 83,000 client contracts that were opened between 1990 and 2012.
