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Citi bankers leave for Jefferies as municipal banking department in turmoil -Bloomberg News
The group of about 10 bankers departing for Jefferies included managing directors Brian Carlstead, Ben Klemz and Katherine Meyers. Citi CEO Jane Fraser has been weighing whether to shutter the bank's municipal-bond trading and origination business.
Citi bankers leave for Jefferies as municipal banking... Citi bankers leave for Jefferies as municipal banking department in turmoil -Bloomberg News. CEO Jane Fraser has been weighing whether to shutter the bank's municipal-bond trading and origination business.
Japan's Mizuho applies to set up securities company in China Japan's Mizuho Financial Group has sought to establish a securities company in China. It is the latest foreign firm to make inroads into China's onshore securities market. Citigroup and Standard Chartered are also in the process of establishing securities units.
Japan's Mizuho applies to set up securities company in... Japan's Mizuho Financial Group has sought to establish a securities company in China. It is the latest foreign firm to make inroads into China's onshore securities market. Citigroup and Standard Chartered are also in the process of establishing securities units.
Citi makes new appointments in Asia Pacific as part of restructuring Citi announced Monday plans to cut management layers from 13 to eight as part of its biggest overhaul in decades. The Wall Street Journal reported on the appointments on late Monday.
Citi makes new appointments in Asia Pacific as part of... Citi announced Monday plans to cut management layers from 13 to eight as part of its biggest overhaul in decades. In the top two layers of leadership, Citi reduced 15% of functional roles and eliminated 60 committees.
Citigroup layoffs: CEO Jane Fraser announces management changes, 'difficult' decisions | Mint Citi announced plans to cut management layers from 13 to eight as part of its biggest overhaul in decades. In the U.S. personal banking division, some roles were merged and Brad Wayman was appointed as the new chief operating officer for the unit.
Citigroup Employees Brace for Layoffs, Overhaul Citigroup employees expect the bank to announce layoffs and senior management changes Monday. The job cuts could affect thousands of staff, according to a source familiar with the situation. Citi announced plans to cut management layers from 13 to eight as part of its biggest overhaul in decades.
Citigroup employees brace for layoffs, management... Citigroup employees expect the bank to announce layoffs and senior management changes on Monday. The job cuts could affect thousands of staff, according to five sources with knowledge of the matter. Citigroup declined to comment.
Citigroup employees brace for layoffs, management overhaul -sources Citigroup employees expect the bank to announce layoffs and senior management changes on Monday. The job cuts could affect thousands of staff, according to five sources with knowledge of the matter. Some staff may be able to apply for other roles at the bank, the source said.
Citigroup employees brace for layoffs, management overhaul -sources The job cuts could affect thousands of staff, according to a source familiar with the situation. Executives are also likely to announce senior management changes by email, the source said. Citi announced plans to cut management layers from 13 to eight last month.
JPMorgan, Citi Are Divided on Corporate America’s Profit Outlook Wall Street's top strategists are divided when it comes to Corporate America's earnings outlook next year. Citigroup’s Scott Chronert expects profits to hold up even if the economy slips into a recession. JPMorgan Chase & Co. strategist Mislav Matejka says diminishing pricing power would crimp overall revenue and margins.
Citigroup layoffs: Employees expect job cuts, management reshuffle on Monday | Mint Citigroup employees are expecting these deveopments in the wake of next phase of the bank’s sweeping reorganization. More details in regard to layoff is yet to come as Citigroup employs 2.40 lakh employees across world.
Citi CEO Fraser touts 'clear benefits' of diversifying supply chains Geopolitical tensions and macroeconomic shocks are spurring businesses and governments into reconfiguring their supply chains. The increased focus on diversification is leading to "clear benefits," Citigroup CEO Jane Fraser said on Thursday.
Citigroup employees expect management reshuffle,... Citigroup employees expect management reshuffle, layoffs on Monday-sources. Last month, the bank announced plans to cut management layers from 13 to eight.
Citigroup employees expect management reshuffle,... Employees are awaiting more details about the scale of layoffs at the bank, which employs 240,000 people worldwide. Last month, Citi announced plans to cut management layers from 13 to eight.
MOVES-Citigroup names Jonathan Lofthouse as co-chief... Jonathan Lofthouse, a 26-year veteran of Citi, most recently served as global head of markets and enterprise financial risk technology. He will work closely with co-CIO Shadman Zafar.
U.S. CEOs line up to woo China's Xi at APEC - Los Angeles Times Executives from Microsoft, Citigroup, Exxon Mobil and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping. San Francisco is emerging as a central hub for artificial intelligence.
Citigroup discriminated against Armenian Americans, federal regulator says; bank fined $25.9 million Citigroup will pay $24.5 million in fines and $1.4 million in remedies to impacted customers. Citi employees were trained to avoid approving applications with last names ending in "yan" or "ian" The origins of the case come as a result of some organized crime syndicates operating in Southern California.
Citigroup to pay $25.9 million in Armenian American discrimination case - Los Angeles Times The bank singled out applicants for certain credit-card products suspected of being of Armenian descent, based on their surnames. Citigroup supervisors conspired to hide the discrimination by instructing employees not to discuss the practices. The bank will pay $1.4 million to harmed consumers along with a $24.5-million penalty.
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