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EXPLAINED: Citibank | Vintage Vibes

Citibank’s London unit fined £4.7m for breaching Russia sanctions

In total, some 970 payments worth about £19.7 million were considered to be breaches.

Evening Standard

Market cuts odds of Fed hike after jobs data, but economists still see case for tightening

The weak job report for July has tempered expectations surrounding a Federal Reserve rate increase. Consequently, futures markets now indicate a diminished probability of a rise in interest rates next month. Despite calls from several Fed officials for tighter monetary policy to counteract inflation, the economic community remains split on…

The Economic Times

Trump Says He Took Venezuela's Oil. Here's What Actually Happened.

Trump put Venezuelan revenues in a secretive bank account overseen by the U.S. government. It's a display of the Treasury's unaccountable power.

Reason

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Appeals court rules Trump’s EPA improperly ended billions in climate funding

This closely divided ruling represents a setback for the Trump administration

The Independent UK

Gary Stevenson Quits YouTube: Wealth Tax Campaigner Reveals Health Battle Behind Exit

Gary Stevenson, a wealth tax campaigner, quits YouTube citing health concerns after facing criticism for his Channel 4 documentary. He remains committed to advocating for wealth tax reforms.

International Business Times UK

Boyfriend of London banker found beaten to death to be extradited back to UK

Marianne Kilonzi, 43, was found dead with a head injury in her riverside Woolwich flat last year

Evening Standard

Boyfriend of Citibank executive found beaten to death in Woolwich is arrested in Kenya

Brian Kiprop Kiplagat was arrested on June 10 after being intercepted by immigration officers at the border of Namanga

Evening Standard

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Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titans

Foreign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national champions, a move that may deter foreign investors seeking predictability and fair play. While some Indian firms show global competitiveness, others risk inefficiency. The nation navigates a complex path, seeking…

The Economic Times

Howard Marks Turned A Random Call Into A $224B Empire — Why He Chose Bonds Over Stocks

Oaktree co-founder Howard Marks built a $2.2 billion fortune in bonds he never chose. He told entrepreneur Nikhil Kamath how a 1978 phone call shaped a 48-year career.

International Business Times UK

Citibank temporarily shuts most UAE branches from March 12–14, shifts staff to remote work

Citibank has temporarily closed most of its branches and financial centers across the UAE from March 12-14 as a precautionary measure due to escalating geopolitical tensions in the Middle East. The Mall of the Emirates branch will remain open, and digital services are fully operational. Other global banks are also…

The Times of India

Appeals court questions shifting reasons for Trump's EPA killing clean energy contracts

A federal appeals court is weighing whether the Trump administration unlawfully shut down a $20 billion green bank program and froze money meant for climate nonprofits

The Independent UK

Felipe Cortés Bello: Bridging Wall Street Rigor and Silicon Valley Speed – The Finance Whiz Powering AI-Driven Fundraising for Next-Gen Fintech Unicorns

Every industry has that moment when everything changes, when a new idea breaks through, and nothing works the same again.

inkl

This bank offers the best mobile credit card experience, according to new study

Winning bank beat competitors in categories like cardholder acquisition, app features, and card comparison tools

The Independent UK

A $400 million lawsuit against UBS is designed to punish banks who throw employees to the wolves

Wrongly accused bankers are fighting back against the institutions that betrayed them, including Tom Hayes.

Fortune

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Evening Standard

Plans to demolish London shopping centre and build 1,700 homes given green light

Lewisham Shopping Centre to be demolished to make way for towers up to 35 storeys high

Benzinga

Uhhhhh Mayybeee That's My Card?' — Credit Card Mystery Pits 20-Year-Old College Student Against Her Dad

A routine personal finance assignment turned into a real-world lesson on credit reporting and identity security for one 20-year-old college student.

The Guardian - AU

Corporate ‘middlemen’ mask who really profits from Australian fossil fuel projects, report warns

Nominee companies – paid to be listed as shareholders on behalf of unnamed investors – could be reducing accountability over financial support of industry

Benzinga

Ex-Citibank Trader Says Wall Street's Best Economists Are Banned from Fixing the Economy—Here's His Radical Solution

The world’s most profitable economists are making millions predicting economic collapse for banks—but they’re shut out of the rooms where policy gets made. Gary Stevenson, a former trader at Citibank, says this disconnect is why governments keep getting blindsided by crises they should see coming.

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International Business Times UK

Top Photos of Lena Li: Former 'Citibank' Employee Who Quit Being a Banker to Become Full Time Influencer - Age and How Much Is She Earning Now?

Lena Li, a self-proclaimed former Citibank banker turned model and influencer, is sparking debate online as sceptics question her career claims while supporters defend her success.

The Independent UK

Appeals court allows Trump administration to end the ‘climate bank’ where $20B was set aside to fund climate change projects

Billions of dollars have been sitting in Citibank accounts since February amid the back-and-forth legal battle

Al Jazeera

US appeals court allows Trump to peel back $20bn in clean energy grants

The ruling overturns a lower-court decision that found Trump was impeding Congress’s power to allocate funding.

Reason

The EPA Can Terminate Climate Change Grants to Nonprofits

A divided panel of the U.S. Court of Appeals for the D.C. Circuit vacates a district court injunction barring clawback of climate grants.

Saving Advice

6 Major Banks Accused of Overcharging Elderly Clients

When most people picture financial scams targeting the elderly, they imagine anonymous phone calls or foreign emails, not America’s biggest banks. Yet in recent years,...

The Guardian - US

Fear spreads as Trump targets lawyers and non-profits in ‘authoritarian’ takedown

Experts warn president’s attacks on US civil society – or organizations that hold the government to account – threaten democracy

The Independent UK

Federal judge questions whether EPA move to rapidly cancel 'green bank' grants was legal

U.S. District Judge Tanya Chutkan on Wednesday questioned a Department of Justice attorney over whether the Environmental Protection Agency violated the law when it terminated $20 billion in green bank grants allegedly without following the proper process

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