Citibank
| Institution is active | |
| Legal form | N.A. |
| Founding date | 1812 |
| Headquarters | New York City |
| Website | https://www.citibank.com |
Connections
Citibank
- Partner since 2012 -
Global Citizen
No information yet.
Citibank
- CEO -
James Jewett Stillman
James Jewett Stillman was CEO of National City Bank (today: Citibank)
Citibank
- CEO 1909-1919 -
Frank A. Vanderlip
Frank A. Vanderlip was Vice President from 1902 and from 1909-1919 President of the National City Bank of New York.
Citibank
- belongs to -
Citigroup
No information yet.
Citibank
- go in -
National City Bank of New York
No information yet.
Citibank
- Acquiring partner -
Wirecard
A partnership with Citibank was closed for the acquiring after other banks rejected a partnership.
Citibank
- President (1919-1921) -
James Alexander Stillman
No information yet.
Citibank
- Litigation 2003 -
Financial Trust Company
In 2003, a lawsuit arose between Financial Trust Company, Inc. and Jeffrey Epstein against Citibank, N.A. and Citigroup Inc. took action.
Epstein and his company Financial Trust Company (FTC) had banking relationships with Citibank.
Citibank ended this business relationship.
Epstein and the FTC then sued the bank.
The plaintiffs essentially alleged:
Citibank terminated accounts and business relationships unlawfully or without sufficient justification.
This caused business damage. In some cases it was argued that the termination was damaging to our reputation.
Citibank argued accordingly:
A bank generally has the right to terminate business relationships (if contractually possible).
Banks are obliged to assess risks (reputational, compliance, money laundering risks) independently.
The decision was made as part of internal risk assessments.
Epstein and his company Financial Trust Company (FTC) had banking relationships with Citibank.
Citibank ended this business relationship.
Epstein and the FTC then sued the bank.
The plaintiffs essentially alleged:
Citibank terminated accounts and business relationships unlawfully or without sufficient justification.
This caused business damage. In some cases it was argued that the termination was damaging to our reputation.
Citibank argued accordingly:
A bank generally has the right to terminate business relationships (if contractually possible).
Banks are obliged to assess risks (reputational, compliance, money laundering risks) independently.
The decision was made as part of internal risk assessments.
In 2003, a lawsuit arose between Financial Trust Company, Inc. and Jeffrey Epstein against Citibank, N.A. and Citigroup Inc. took action.
Epstein and his company Financial Trust Company (FTC) had banking relationships with Citibank.
Citibank ended this business relationship.
Epstein and the FTC then sued the bank.
The plaintiffs essentially alleged:
Citibank terminated accounts and business relationships unlawfully or without sufficient justification.
This caused business damage. In some cases it was argued that the termination was damaging to our reputation.
Citibank argued accordingly:
A bank generally has the right to terminate business relationships (if contractually possible).
Banks are obliged to assess risks (reputational, compliance, money laundering risks) independently.
The decision was made as part of internal risk assessments.
Epstein and his company Financial Trust Company (FTC) had banking relationships with Citibank.
Citibank ended this business relationship.
Epstein and the FTC then sued the bank.
The plaintiffs essentially alleged:
Citibank terminated accounts and business relationships unlawfully or without sufficient justification.
This caused business damage. In some cases it was argued that the termination was damaging to our reputation.
Citibank argued accordingly:
A bank generally has the right to terminate business relationships (if contractually possible).
Banks are obliged to assess risks (reputational, compliance, money laundering risks) independently.
The decision was made as part of internal risk assessments.