Primary U.S. banking subsidiary of Citigroup; a broad, 19-country footprint.
Four US-based rights organisations have filed a federal lawsuit in New York challenging last year’s executive order that authorised US sanctions on International Criminal Court judges, prosecutors and groups that cooperate with the court. The complaint has argued the measures have forced them to curtail work, violated constitutional rights and unlawfully interfered with international justice.
Citi’s London unit has been found to breach sanctions on Russian entities, processing 970 payments worth about £19.7 million between February and November 2022. OFSI notes no intent to undermine sanctions but says breaches enabled designated entities to access funds. Citi voluntarily disclosed most breaches and will settle with a 40% penalty reduction.
President Donald Trump has announced he will block Bombardier from selling in the United States unless the Canadian company moves production to the U.S. His post follows a collapse in Canada-U.S. trade talks and reciprocal tariffs: Ottawa has introduced retaliatory levies on roughly $20–28 billion of U.S. goods.