(Reuters) -Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on Thursday, as a part of the sweeping reorganization under Chief Executive Officer Jane Fraser to cut costs. Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team...

10:51 AM EST, 01/17/2025 (MT Newswires) -- Price: 148.26, Change: +1.72, Percent Change: +1.17 ...

NEW YORK (Reuters) -American Express said on Thursday it will pay about $230 million to settle U.S. criminal and civil probes into alleged deceptive practices in selling credit card and wire transfer products to small business customers. The credit card and travel services company agreed to pay $138.4 million, including about $108 million in fines, and enter a non-prosecution agreement...

10:49 AM EST, 01/17/2025 (MT Newswires) -- Wells Fargo's ( WFC ) clearing unit will pay a $28 million civil penalty, while its financial advisory subsidiary will pay $7 million, the US Securities and Exchange Commission said Friday. The penalties settle charges that the firms failed to adopt adequate policies and procedures to prevent violations of the Advisers Act in...