Senior leaders were paid just 68% of 2024’s target, the bank said in a proxy filing, citing slower progress on regulatory ...

In the third annual installment, the “Transformation Bonus Program” paid out 68% of the target for 2024 to about 250 senior employees, according to a proxy filing Tuesday. That compares with 94% for ...

Citigroup (NYSE:C) reduced bonus payments to about 250 senior employees last year, delivering only 68% of the expected amount ...

NEW YORK] Citigroup cut payouts to hundreds of top executives in the final round of a three-year special bonus program that ...

Citigroup (NYSE:C) erroneously credited a client's account with $81T in what should have been a $280 transaction, a mistake that could extend regulators' scrutiny as the bank attempts to convince them ...

Dipendra Malhotra, former head of analytics, AI and data at Morgan Stanley's wealth unit, will help drive technology ...

the Federal Reserve Board fined Citi $60.6 million and the Office of the Comptroller of the Currency fined the bank $75 million over what the regulators said were violations of the consent orders ...

as well as big fines and regulatory consent orders requiring Citi to fix the issues. Corbat's successor, Jane Fraser, has said improving risk and controls is a top priority. The bank was still fined ...

On the regulatory front, directors noted that the bank has closed a 2013 consent order related to money laundering ... and the Federal Reserve fined Citi $400 million for risk and data failures.

The Fed said that Citi has made “insufficient progress remediating its problems with data quality management and failed to implement compensating controls to manage its ongoing risk.” ...