Citigroup

Citigroup ‘Boys’ Club’ Disfavors Women, Lawsuit Claims

A former Citigroup Inc financial adviser on Monday filed a lawsuit accusing the bank of running a “boys’ club” that favored men over women, treating her as a “glorified secretary,” and firing her in retaliation for whistleblowing activity. Erin Daly is seeking double back pay, unpaid bonuses and punitive damages over the bank’s alleged harassment, hostile …


Consumers Lose U.S. Appeal Over Credit Card Arbitration Clauses

NEW YORK Nov 19 The credit card industry won a big legal victory on Thursday as a federal appeals court rejected claims by a group of consumers that big issuers colluded to require that disputes be settled in arbitration rather than through class action lawsuits. By a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in New York upheld a lower court ruling that American Express Co , Citigroup Inc …