Bloomberg Citigroup Inc became the first Wall Street bank to agree to do a deep dive into its business to see if, and how, it contributes to racial discrimination. The audit will be conducted by attorneys at Covington & Burling LLP, Citigroup said on its website. The bank said the audit will focus on its 2020 commitment to dedicate $1 ...

Bloomberg Bank of Russia may have stunned bond and currency markets with the size of its rate hike, but entrenched inflation means traders shouldn’t assume the hawks are done. “It’s too early to say the tightening cycle is over,” Governor Elvira Nabiullina told a press conference after lifting the main rate 75 basis points to 7.5%, the sixth straight hike ...

Bloomberg ICICI Bank Ltd.’s net income rose about 30% in the second quarter to a record, led by strong loan growth as consumer demand improved after a drop in the number of coronavirus cases. Net income at the country’s second-largest private lender stood at the highest-ever 55.1 billion rupees ($735 million) in the quarter-ended September, compared with 42.5 billion rupees ...