Before Ryan arrived, Citigroup insiders jokingly dubbed the team overseeing its technology the “Verizon Mafia” because it has ...

All major U.S. banks passed the Fed's 2025 stress test, but critics say easier assumptions may have padded the results.

The ambition is predictably audacious from a crypto community built to gut out the middlemen and outsmart the regulator ...

Citigroup has raised Alphabet’s price target to $203, joining a chorus of analysts who mostly favor a “buy” rating for the ...

Foreclosure activity surged in the first quarter, underscoring the growing need for borrower support as certain federal ...

A consulting firm's report on the future of the channel reveals the ambivalence and frustration many feel about the impact of ...

Boston Consulting Group estimates institutional investors had $128 trillion in assets under management (AUM) last year. If even a small percentage of that total were allocated to Bitcoin, its price ...

Citigroup intended to send $280 to a customer account, but instead credited the account with $81 trillion, the Financial Times reported on Friday.

Citigroup mistakenly credited a client’s account with $81 trillion last April according to internal documents seen by the Financial Times.

A routine $280 payment into a customer’s account at Citigroup spiraled into an $81 trillion mistake last April, highlighting significant flaws in the bank’s operational systems.

Two employees initially overlooked the massive transfer, but another employee caught it 90 minutes after the payment was processed. Citi says a payment that size could not have actually been ...