- Reuters
Citi reaffirms focus on regulatory compliance ahead of key unit's investor day
The lender has been facing some regulatory challenges tied to its so-called living will that details how the firm would be unwound in the event of bankruptcy. The board of the Federal Deposit Insurance Corp, a top banking regulator, plans to vote on Thursday to downgrade its rating on Citi's data-management systems to a "deficiency" from a "shortcoming", Reuters reported on Monday. Citi CEO Jane Fraser will give opening remarks in an investor day on Tuesday, highlighting the strategy for its services business, which helps to manage payments and liquidity for multinational corporations.
- Bloomberg
RBA Discussed Rate Hike, Pledges Vigilance on Sticky Inflation
(Bloomberg) -- Australia’s central bank discussed the case to raise interest rates on Tuesday before deciding to maintain current settings at a 12-year high as policymakers try to balance sticky inflation against a weakening economy. Most Read from BloombergWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in JapanFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanThese Are the World’s Most Expensive Cities for Expats in 2024Hedge Funds’ Secret Weapon to Fight the SEC Li
- Bloomberg
Citi Pitches Money-Moving ‘Crown Jewel’ as Central to Revamp
(Bloomberg) -- Citigroup Inc. is putting one of its least glamorous businesses front and center in its upgrade project, aiming to show how a sprawling system of moving money around the world can boost profitability.Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanThese Are the World’s Most Expensive Cities for Expats in 2024What to Know About the Deadly Flesh-Eating Bacteria Spreading in JapanHedge Funds’ Secret Weapon to Fight the SEC Lives in TexasEx-Trum
