Tag: fined
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City National Bank imposed with USD 65 million fine
City National Bank Imposed with USD 65 Million Fine Published on March 20, 2023 The City National Bank, a well-established financial institution serving thousands of customers, has been hit with a substantial fine by regulatory authorities. The bank is required to pay a staggering USD 65 million as a result of non-compliance with certain banking…
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Citi fined $25.9M over alleged discrimination
In a recent development, Citi, one of the leading global banking giants, has been fined a staggering $25.9 million over alleged discrimination practices. The fine comes as a result of an investigation conducted by the U.S. Department of Housing and Urban Development (HUD), which reveals discriminatory conduct against minority mortgage borrowers. The alleged discriminatory practices…