Citigroup

The closure will affect about 2,300 of Citi's 3,000 employees in Russia across 15 branches, the bank says. The exit will affect deposit accounts, investments, loans and cards. (Reuters)…

Banking giants such as JPMorgan Chase and Bank of America collectively face more than $1 billion (roughly Rs. 8,000 crore) in regulatory fines for employees' use of unapproved messaging tools, including email and apps like WhatsApp.The US Securities and Exchange Commission (SEC) began probing banks' record-keeping practices relating to the use of personal devices last year, Reuters reported at the time, and the Commodity Futures Trading Commission (CFTC) is also scrutinizing the issue, bank disclosures show.Here is a list…

WASHINGTON—Many of Wall Street’s biggest banks are nearing agreements to pay as much as $200 million each and admit that their employees’ use of personal messaging apps such as WhatsApp violated regulatory requirements, according to people familiar with the matter. The Securities and Exchange Commission and the Commodity Futures Trading Commission plan to announce the deals with the banks by Sept. 30, the end of the government’s current fiscal year. That would put the penalties in the government’s annual enforcement…

After the Supreme Court repealed the federal right to abortion last Friday, Jordan Jones, a TikTok creator with 1.5 million followers, decided to post a video. She wanted to help individuals seeking abortion care that wouldn’t be able to get it in their home states anymore.“Hi besties. Camping is still legal in if anyone needs a week or to come camping,” she wrote in her video, which by Wednesday morning had received more than 51,000 likes and over 350,000 views. “I live within an hour to about 3 ‘camping sites’ and am…

Procter & Gamble Co. and Target said they would cover travel expenses for employees who can’t access abortions near where they live, joining other companies that have taken the step after the Supreme Court overturned the constitutional right to abortion.P&Gunlike many of the technology and banking giants that had previously announced similar policies, is based in a Midwestern state with an abortion ban. A federal judge in Ohio issued an order Friday allowing the state’s six-week ban to take effect. A few other…

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/after-roe-v-wade-ruling-companies-reimbursing-medical-and-travel-expenses-for-abortion-risk-blowback-11656109337 This copy is for your personal, non-commercial use only. Distribution and use of this…

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New JerseyVIEW press | Corbis News | Getty ImagesCheck out the companies making headlines in midday trading.Walmart — Shares fell about 10.5% after the big-box retailer reported quarterly earnings that significantly missed Wall Street's expectations. Walmart posted adjusted first-quarter earnings of $1.30 per share on revenue of $141.57 billion. Analysts had expected a profit of $1.48 per share on revenue of $138.94 billion, according to Refinitiv…

This week, shareholders at Citigroup, Wells Fargo, Bank of America, and Goldman Sachs voted on resolutions recommending the companies stop any additional financing for fossil fuel projects. All the resolutions failed, pretty spectacularly, garnering just over 10 percent of the vote. Despite that failure, the votes were notable examples of a strategy climate activists are implementing with increasing boldness: pressuring institutions from the inside to make meaningful reforms on climate change. It’s one that showed…