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Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies

[Jul 10 3:31 PM] The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies…

Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions

[Jun 22 10:30 AM] Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit…

BlackRock Adds Goldman Sachs, Citigroup, UBS as APs for Bitcoin ETF

[Apr 5 9:38 AM] BlackRock (BLK) has added five additional authorized participants (APs) to the iShares Bitcoin Trust (IBIT), bringing the total number to nine as the fund continues to attract billions of dollars of inflows from investors.

Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don't Need Green Light From SEC

[Jan 4 6:13 AM] RDC's aim is to address the institutional desire to bitcoin investment that may not be satisfied by a spot ETF.

Citigroup Unveils Citi Token Services for Cash Management and Trade Finance

[Sep 19, 2023 10:00 PM] Citigroup has announced the creation and piloting of Citi Token Services for cash management and trade finance. “Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash…

Big Banks, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments

[Jul 6, 2023 10:11 AM] Citigroup Inc., HSBC, BNY Mellon and other global financial giants have been experimenting with what they call a “regulated liability network” for conducting round-the-clock, wholesale payments using shared ledgers, and a paper released Thursday…

Citigroup Reviews Partnership With Metaco, in Talks With Other Crypto Custodians: Bloomberg

[Jun 30, 2023 6:22 AM] Banking giant Citigroup (C) is reviewing its partnership with crypto custody firm Metaco one month after Ripple Labs announced that it agreed to acquire Metaco for $250 million.

Silver Set to Shine: Citigroup Analysts Forecast $30 Value in Next 6-12 Months

[May 25, 2023 8:30 AM] Citigroup analysts foresee a significant increase in silver’s value, potentially hitting $30 per unit within the next 6-12 months, according to the multinational bank’s latest silver assessment. The experts at Citi predict an ongoing…

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

[Mar 20, 2023 11:30 AM] After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that…

Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B

[Mar 18, 2023 2:05 AM] Bitcoin has decoupled from stocks and continues to rise 10 years after the Cyprus banking crisis coincided with a BTC price boom.

US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

[Mar 17, 2023 8:00 AM] After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen…

Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure

[Mar 13, 2023 4:30 PM] Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes…

Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018

[Jan 2, 2023 9:30 AM] Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade as a recent report details that Alameda suffered…