The settlement ends a dispute that started when Wells Fargo outfoxed Citigroup and acquired Wachovia in 2008.

Topics:  wells fargo   citigroup   wachovia   
BING NEWS:
  • Citi CEO: Wealth unit shows 'traction' but firm still 'not where we want to be'
    Jane Fraser and other Citi execs point to the wealth unit's 9% bump in revenue and 24% increase in investment assets as signs that the firm's recent overhaul is working.
    10/16/2024 - 2:43 am | View Link
  • Citi ‘can walk and chew gum at the same time’: Fraser
    CEO Jane Fraser cited the bank’s ability to cut expenses while addressing the data, risk and control flaws regulators have flagged.
    10/15/2024 - 6:48 am | View Link
  • Citi is not expecting an asset cap: CEO Fraser
    The bank saw larger net credit losses in cards and increased its reserve by $315 million, while net income fell 9% in the third quarter.
    10/15/2024 - 2:30 am | View Link
  • Citi: Advisor Improperly Lured Clients to Move Millions to Wells Fargo
    Citibank has accused Michael K. Fowler, a recently resigned senior wealth advisor, of improperly soliciting clients to follow him to Wells Fargo and is pursuing a case against him before industry ...
    10/11/2024 - 7:35 am | View Link
  • This is who Jane Fraser is counting on to clean up Citi's regulatory mess
    Anand Selva made his name in Citi's consumer bank. Now he runs Citi's multibillion-dollar effort to make peace with regulators. It is going poorly.
    10/10/2024 - 5:40 am | View Link
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