Citibank faces penalties and must pay New York City $3.5 million for suspected fraud.
Citibank Ordered to Compensate Stroke Victim Citibank is facing a nearly $3.5 million payment obligation to an 80-year-old stroke victim from Queens after neglecting clear signs of fraud in her account and hiding evidence in a trial related to the case. A ruling from Queens Supreme Court Justice Bernice Segal on December 19 resulted in […]
Citibank is Discontinuing Citi Rewards Visa: Important Information for Cardholders
Changes Coming for Citi Rewards Visa Cardholders New York – Citi Rewards Visa cardholders should prepare for some upcoming changes as the bank has started informing customers about the final stages of the card’s phase-out process. In fact, the Citi Premiermiles Visa is already being phased out and will be replaced by a MasterCard version. […]
Trump administration asks Citibank to freeze $20B for Biden-era climate ‘slush fund’
The Trump administration ordered Citibank to freeze a $20 billion slash fund for the pop-up climate group provided by then-Duck President Joe Biden's Environmental Protection Agency, according to a court application Wednesday. Citibank's lawyers revealed in federal court that the financial institutions had “instructed the EPA and the Treasury Department to “suspend all further spending” […]
Bottom Line: Citibank signs alum as tax fight heats up
As Republicans prepare to pass the first major tax bill since the 2017 Tax Cuts and Employment Act, Citibank I was hired Ernst & Young LLP Lobbying on international and corporate tax-related issues, “including the application of US international tax rules to foreign income of US banks.” Bob Sherhas, Managing Director and Federal Affairs Director […]
Former Brooklyn Nets co- owner sues Citibank over closed card
The former co-owner of the Brooklyn Nets, who spent millions on Citibank credit cards, claims that Citibank “unceremoniously dumped” him and 29 million “Thank You Points” worth $300,000. There is. Arthur RabinThe Wear Me Apparel co-founder, who sold his interest in Brooklyn's basketball team several years ago, has made between $200,000 and $300,000 a month […]