Citigroup plans to prune use of IT contractors, hire staff to improve controls - report
Citigroup (NYSE:C) plans to significantly cut its use of information technology contractors, while adding thousands of IT ...
Exclusive-Citigroup plans to slash IT contractors, hire staff to improve controls
Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for ...
The Recent Panic Provides An Opportunity To Buy Citigroup
Citigroup stock is undervalued, trading at 75.5% of its tangible book value, presenting a strong buying opportunity amid ...
Citigroup Taps Chris Chung to Run North America ECM Syndicate
Jennifer Sheng, who has been with the bank since 2019, was named head of North America Healthcare ECM, according to the memo ...
Citigroup Will Reduce Its Reliance on Independent IT Contractors
Citigroup (C) plans to reduce its reliance on independent information technology (IT) contractors by beefing up its internal teams. The ...
Citigroup’s $81 trillion mistake is a warning ‘that operational risk is still a ticking time bomb in banking,’ expert says
It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead ...
Citigroup Makes (and Then Fixes) an $81 Trillion Mistake
The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems ...
Warren Buffett Is Selling Bank of America and Citigroup Stock and Is Piling Into This High-Yield Investment Instead
In his February letter to shareholders, Warren Buffett announced a new record Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) ...
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Citigroup mistakenly credited a customer account with $81 trillion
Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the transaction, a “near miss” that shows up the bank’s operational issues it has sought ...
Wall Street Flags New AI Risks From Hallucinations, Criminal Use
Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co. and other Wall Street firms are warning investors about new ...
Oops. Citigroup credits $81 trillion to customer's account
The customer was only meant to receive $280, but Citi instead credited their account with $81 trillion last April — which not ...
Wall Street warns of new AI risks from hallucinations, criminal use
Banks have been acknowledging AI-related risks in their annual reports for the past couple years, but new concerns are cropping up as the sector embraces A1.