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...
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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...
Citigroup is 'no longer the financial supermarket of the past': Fraser
Jun 18, 2024 · Citigroup is paring back its ambitions, shedding businesses and cutting back headcount as it tries to revive its stock price and remove decades of bloat.
Citi expects rally in global stocks to extend into 2025, sees 10
4 days 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 ...
Citi to cut 20,000 jobs, posts $1.8 billion loss in 'disappointing ...
Jan 12, 2024 · Citigroup said it would cut 20,000 jobs over the next two years, acknowledging a "clearly disappointing" quarter marred by one-off charges that resulted in a $1.8 billion loss.
Citigroup discloses billions in one-time charges and reserves …
Jan 10, 2024 · Citigroup (C) is in the middle of a complicated restructuring. It made it clear Wednesday that its fourth quarter earnings report Friday will be complicated, too. The giant New York-based bank...
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 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 ...
Citigroup slashes promotions as it seeks to overhaul bank, FT …
Nov 26, 2024 · Managers have been told that as many as 2,000 Citi employees could get promotions, with pay hikes limited to 15%, in the next month, down from about 8,000 in previous rounds, the FT report said,...