The penalty, announced Thursday, came two days after two British regulators fined the bank £61.6 million ($78.4 million) for the same instance.
The regulators both identified weaknesses in Citi’s plan, “but reached different conclusions on its severity,” the regulators said Friday.
The bank announced Takis Georgakopoulos's departure this month "to pursue an opportunity outside the firm," but it didn't detail, at the time, where he was going.
Leigh-Ann Russell joins the bank Sept. 15. That means Bridget Engle will leave BNY later this year “after supporting a successful transition of her responsibilities,” a spokesperson for the bank said.
David Hirsch worked at the Securities and Exchange Commission for nine years, and ran its crypto asset and cyber unit for two.
In Kevin Riley's nine years as CEO, the Billings, Montana-based lender expanded to a 14-state footprint and $30 billion in assets, the bank said.
The Swiss bank inherited the issue when it acquired Credit Suisse. The amount accounts for 90% of what clients are owed from the 2021 collapse of the supply chain financing firm.
Danielle Johnson took the helm as global head of HSBC's institutional client group June 3, the bank announced Thursday.
A London judge detailed how Viva Wallet should be valued. Previous estimates — and the fine print in a deal that gave JPMorgan a minority stake in the fintech — has sparked lawsuits on both sides.
The oldest U.S. bank revealed its shortened name, a modern font and teal coloring Tuesday. Some revisions can be expected over the next year, the bank said.
Plans to monetize sensitive financial transaction data are a reminder that the United States is slowly lurching toward more financial surveillance and even financial censorship,” CFPB Director Rohit ...
The senator wrote to seek clarity on reports that the Fed chair had advocated cutting the proposed capital requirements increase in half.