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Articles for Citibank, search results for money

Lawmakers Call Out Major U.S. Banks For Discrimination
10 months ago

Lawmakers Call Out Major U.S. Banks For Discrimination

Huff Post  

Sen. Elizabeth Warren and Rep. Ilhan Omar released a letter Thursday demanding answers from the heads of several leading U.S. banks about policies that have disproportionately targeted Muslim Americans and communities of color. “The lack of information regarding the scope of de-risking practices and the impact on Muslim American consumers and other minority communities hinder policymakers’ ability to protect consumers,” …

Banking Muslims Report Muslim Banks Americans Letter
Citibank employees called them ‘Armenian bad guys’ and canceled their accounts. Now they’re suing
1 year ago

Citibank employees called them ‘Armenian bad guys’ and canceled their accounts. Now they’re suing

LA Times  

“While we prioritize protecting our bank and our customers from fraud, it is unacceptable to base credit decisions on national origin,” Citibank said in response to a lawsuit alleging discrimination against Armenian Americans. “I was so stressed out, I literally started crying.” Smbatian and others whose accounts were closed suspected discrimination was at play — and say they were proved …

Fraud Credit Money Lawsuit Bank Employees Accounts Cfpb
5 best gaming TWS earbuds under ₹5,000 this September 2023
1 year, 3 months ago

5 best gaming TWS earbuds under ₹5,000 this September 2023

Live Mint  

In today's tech-savvy world, we are presented with a plethora of remarkable gadgets, and among them, True Wireless earbuds stand out. In this article, we have compiled a selection of the top rated gaming TWS earbuds on Amazon that deliver exceptional performance and value for your money, all priced under ₹5,000. JBL Tune 235NC The JBL Tune 235NC in Ear …

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Why is Wipro Being Held Answerable for Citibank's $900 Million Blunder?
3 years, 10 months ago

Why is Wipro Being Held Answerable for Citibank's $900 Million Blunder?

News 18  

Citibank’s “biggest ever banking blunder” now has Indian IT firm, Wipro, in the spotlight, according to an exclusive report by Moneycontrol. The report by Moneycontrol’s Dinesh Unnikrishnan and Chandra R Srikanth states that the global banking major relies on a so-called “six eyes” protocol for high-value transactions. As reported earlier, Citi Bank had mistakenly wired Revlon’s lenders around USD 900 …

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Citibank Commits ‘Biggest Blunder In Banking History’; Transfers Over Rs 6000 Crore By Mistake
3 years, 10 months ago

Citibank Commits ‘Biggest Blunder In Banking History’; Transfers Over Rs 6000 Crore By Mistake

ABP News  

In what is being termed as “one of the biggest blunders in banking history”, the Banking giant Citibank accidentally transferred USD 900 million to cosmetic company Revlon's lenders instead of creditors. The court explained: "When a beneficiary receives money to which it is entitled and has no knowledge that the money was erroneously wired, the beneficiary should not have to …

Transfer Citi Citibank Banking History Biggest Blunder
'Biggest Blunder in Banking History': Citibank Wired $900 Million to Lenders by Mistake. What Lies Ahead
3 years, 10 months ago

'Biggest Blunder in Banking History': Citibank Wired $900 Million to Lenders by Mistake. What Lies Ahead

News 18  

Citibank acting as a loan agent to cosmetic company Revlon, accidentally transferred USD 900 million to the company’s lenders. Despite all this, there are rare cases where accidental money transfers happen either due to a bank’s error or on the part of customer. To avoid such incidents, a customer needs to thoroughly check the account details of the beneficiary and …

Customer Citi Money Transfer Revlon Citibank Wrong Account Bank Wired
Citibank sent a hedge fund $175 million by mistake
4 years, 4 months ago

Citibank sent a hedge fund $175 million by mistake

CNN  

London CNN Business — Citibank has a big problem: It mistakenly wired roughly $175 million to Brigade Capital Management, and the hedge fund hasn’t returned the money. The US banking giant filed a lawsuit Monday in the Southern District of New York, seeking the return of funds that it said were transferred in an “operational mistake.” Citibank said in court …

Money Capital Cnn Fund Brigade Its Complaint Revlon