Citigroup strips COO of responsibility after $136mn fine
WEB4 days ago · Citigroup is shifting responsibility for a key piece of its compliance work and around 800 employees from chief operating officer Anand Selva, after the bank was fined $136mn by regulators this ...
Citi Lowers Base Rate - citigroup.com
WEB2 days ago · September 18, 2024. New York — Citibank, N.A. said today it has lowered its base lending rate to 8.0% from 8.5%, effective tomorrow, Thursday, September 19, 2024. About Citi. Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the ...
Citi’s Family Office Clients Trim Cash to Make Riskier Bets
WEB2 days ago · September 18, 2024 at 8:00 AM EDT. Save. Citigroup Inc.’s family office clients are reducing their cash holdings to make investments in riskier asset classes, reflecting their increasingly ...
Trio of new Citigroup executives stirs succession talk on ...
WEBJun 11, 2024 · Citigroup chief executive Jane Fraser has sparked speculation on Wall Street about a three-way race to be her heir apparent, after tapping a trio of outsiders with impressive résumés to aid her...
Citi Statement on Final Phase of Organizational ... - Citigroup
WEBMar 25, 2024 · Citi Statement on Final Phase of Organizational Simplification Changes. 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.
Exclusive: Citi hit by new Fed rebuke, setbacks on consent ...
WEBNEW YORK, Feb 12 (Reuters) - U.S. regulators have asked Citigroup (C.N) for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a...
Press Releases from Citi | Citi News Releases - Citigroup
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Citigroup to end sweeping overhaul this week after 5,000 layoffs
WEBMar 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 tech chief to share data responsibility with COO: memo
WEB4 days ago · Citi’s chief operating officer, Anand Selva, will co-lead the bank’s data program with Tim Ryan, the lender’s head of technology and business enablement, according to a memo seen Monday by Banking Dive. Selva remains the head of the overall transformation effort, which includes data, controls, risk and compliance, the company said.
Citigroup discloses billions in one-time charges and reserves ...
WEBJan 10, 2024 · Citigroup discloses billions in one-time charges and reserves ahead of earnings report Friday. Citigroup (C) is in the middle of a complicated restructuring. It made it clear Wednesday that its...