Citi,which is the fifth-largest issuer of credit cards in the country,will remain in Australia but will focus on areas including investment banking and commercial banking.
Greensill Capital is struggling for survival after its financial engineering started to fall apart.
The indictment against ANZ,Citi and Deutsche bankers was described as invalid,incomprehensible and of “no use to anybody” in court.
ANZ senior executive Richard Moscati among six high-profile bankers who have been charged with criminal cartel activity in an indictment filed by the Commonwealth Director of Public Prosecutions this month.
A group of some of the most senior investment bankers in the country have been committed to stand trial on criminal charges over an alleged capital raising cartel.
Two of the biggest US banks are growing encouraged that the pandemic won't send the economy into a calamitous slide,even if they see a long path back to growth.
The orders come just weeks after Citigroup mistakenly sent $US900 million to lenders of the cosmetics giant Revlon.
Citi Australia is angling for a piece of the fast-growing buy now,pay later market.
The global banking giant - Australia's fifth largest credit card lender - says it can overcome new challenges in the tough market
The masters of the trading universe used secret chat rooms called"the Cartel","the Bandits Club"and"the Mafia"to rig foreign exchange rates.
The remediation program comes after an extended investigation by the corporate regulator into the sale of complex products to retail investors.