Citigroup

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Citigroup discriminated against Armenian Americans, regulator says

Citigroup employees labeled a group of roughly 80,000 Armenian Americans living near Los Angeles - the largest Armenian community outside Yerevan, the Armenian capital - as "bad guys" and secretly denied them fair access to the bank's credit card products, the Consumer Financial Protection Bureau said in a statement on Wednesday.

US Fed to balance banking woes, inflation in next rate decision

U.S. central bankers face an unenviable task when they gather in Washington this week: Tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse.

The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it looks to cool the economy without tipping it into a recession.

Wall Street giants move to rescue First Republic Bank

America's largest banks moved on March 16 to shore up First Republic, easing fears that the regional lender could be the next domino to fall after collapses including Silicon Valley Bank.

A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.

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