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Citigroup strips COO of responsibility after $136mn fine
Sep 16, 2024 · Citigroup is stripping chief operating officer Anand Selva of his responsibility for a key piece of its compliance work, after the bank was fined $136mn by regulators this summer for...
Citigroup to cut 20,000 employees | CNN Business
Jan 12, 2024 · Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. The reduction comes after the company reported a $1.8 billion net loss for the fourth quarter of 2023...
Citi Statement on Final Phase of Organizational ... - Citigroup
Mar 25, 2024 · NEW YORK - "Today we shared with our colleagues that we have concluded the major actions that we announced in September 2023 that align Citi’s structure with our simplified operating model. While these decisions were not made easily, they have allowed us to strengthen how we run the bank and serve clients through enhanced connectivity and ...
Citi Statement on Next Phase of Organizational Changes - Citigroup
Nov 20, 2023 · NEW YORK - “Today we shared with our colleagues the next layer of changes across many of our businesses and functions as we continue to align Citi’s organizational structure with our new, simplified operating model.
Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
Feb 12, 2024 · U.S. regulators have asked Citigroup for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a plan to improve internal oversight to...
Citigroup to end sweeping overhaul this week after 5,000 layoffs
Mar 25, 2024 · Citigroup is in the last phase of a sweeping overhaul to simplify its structure and improve performance, the bank said, after shrinking its workforce by 5,000 employees since September.
Citi Reorganization Has Gone Swifter Than Expected, CEO Says
Mar 5, 2024 · Fraser has been under close scrutiny after initiating what’s billed as the largest restructuring of Citigroup in decades, designed to propel the firm from a banking underdog to one competitive...
Citi expects rally in global stocks to extend into 2025, sees 10
2 hours ago · Citi estimated a 10% earnings-per-share(EPS) growth for global equities, slightly below analyst consensus of 13%, adding that U.S. and emerging market regions could see the strongest EPS growth of ...
Citigroup joins US lenders in exiting Net-Zero Banking Alliance
Dec 31, 2024 · This move makes Citigroup the third major U.S. lender to exit the group after Wells Fargo and Goldman Sachs, which both left earlier this month. Financial firms, historically criticized for their ...