Citi

Citi was the bank of choice for money launderers, US law enforcement officials say

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Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. According to senior US law enforcement officials, drug traffickers chose to launder money through Citigroup because they believed the bank was “more favorable” and had less stringent fraud controls. In an indictment unsealed last week, U.S. … Read more

Citi, HSBC and Barclays all want their bankers back in the office five days a week due to ‘new regulatory policies’

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Citigroup Inc., HSBC Holdings Plc and Barclays Plc are ordering more executives to report to the company’s offices five days a week as regulatory changes make it harder for Wall Street to allow working from home. Citigroup will need about 600 U.S. employees previously eligible to work remotely to commute to the company’s offices full-time, … Read more