The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. Neither Citigroup nor the former Citi International Financial Services, a Puerto Rican-based business that the bank sold last year and now known as Insigneo International Financial Services, admitted wrongdoing in agreeing to settle. The accord resolves claims Citigroup did not comply with Regulation Best Interest when it programmed about 360,000 accounts to receive disclosures electronically without receiving appropriate consent from customers. Reporting by Jonathan Stempel in New York Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

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Persons: Chris Helgren, Jonathan Stempel, Chris Reese Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, U.S . Securities, Exchange Commission, Citi International Financial Services, Financial Services, Thomson Locations: Toronto , Ontario, Canada, Puerto Rican, New York