Citigroup Ceo

Key to Citi Group's regulatory woes: Staff need skills 'enhancement'

In one place, for example, the analysis cites "insufficient compliance risk management skills” among staff directly dealing with such issues. The sections of the analysis seen by Reuters did not add

Wall Street T+1 switch is causing more pain than we thought: Citigroup

The T+1 shift was a global event for the financial industry because it affected every institution and investor with cash in the US capital markets

Citigroup's profit climbs on investment banking surge, services strength

The upbeat results come two days after U.S. regulators fined Citi $136 million for making "insufficient progress" in fixing data management problems identified in 2020

India bond market to wait for fiscal layout clarity before next rally: Citi

The Fed kept policy rates unchanged with the interest rate dot plot projecting only one rate cut in 2024, down from three signaled in March

Citigroup's new hire Raghavan - a no nonsense, hard-charging dealmaker

After four years co-running JPMorgan's global investment banking franchise, Raghavan, 57, is now set to take over Citigroup's entire Wall Street operation

CEO's pay hiked to $26 mn in 2023, Citigroup says amid 20,000 job cuts plan

Jane Fraser's pay included a base salary of $1.5 million and a cash bonus of $3.7 million as well as $20.8 million in deferred performance-linked stock, the company said

Citigroup lays off more bosses as CEO addresses managing directors: Report

The bank last week said it would cut 20,000 jobs over the next two years, after a fourth quarter marred by one-off charges that resulted in a $1.8 billion loss

Citigroup swings to $1.8 billion loss in 4th quarter on slew of charges

Shares in the bank climbed 3% in premarket trading on Friday after CEO Jane Fraser described 2024 as a "turning point year" for the lender

Citigroup MD accuses ex-bosses of 'horrifying' sexual assault, harassment

She says she finally decided to end their relationship in October 2022, after which he subjected her to an "onslaught of shocking abuse via hundreds of text messages and incessant phone calls

Citigroup cuts 300 senior manager roles in latest rejig, says report

"Building a winning bank requires a great deal of commitment, hard work and resilience from each of us," Fraser said in a memo to staff. "I'm fully aware we're asking a lot of our people"

Citi mulls plan to split institutional clients group in overhaul: Report

The plan would split the Institutional Clients Group into its three primary business segments: investment and corporate banking, global markets and transaction services, the FT report said

Wall Street job cuts likely to surpass 11K as CEOs unwind hiring binge

Only this week, Citigroup announced its plans to cull 5,000 jobs, mostly in investment banking and trading, by the end of the second quarter

Citigroup CEO visits Chennai, discusses about GCC landscape in India

Citigroup CEO Jane Fraser along with top management officials visited the company's Citi Solutions Centre here and held discussions about the landscape of Global Capability Centres (GCC) in the country, the company said on Friday. On her maiden visit to Chennai and to any Citi Solutions Centre in the country, Fraser during her brief visit was engaged with teams across operations and technology on their projects and capabilities managed out of the Citi Solutions Centre. "Jane's visit to the Citi Solutions Centre in Chennai was her first to any CSC in India. For more than a decade, our CSCs have extended stellar support to Citi businesses in more than 80 countries (of Citi's total footprint in 95 countries," Citi India CEO Ashu Khullar said in a company statement. "This visit was a reaffirmation of Citi's focus on capturing the India opportunity by growing its institutional clients businesses and building scale and expertise with the exceptional talent that we have across Citi in ...

Revlon lenders to seek rehearing after Citigroup's $500 mn victory

Some of the Revlon Inc. creditors who were accidentally sent more than $900 million by Citigroup Inc. asked a federal appeals court for a rehearing, after it ruled that they had to give the money back

US-based Citigroup adds more capacity in its Chennai, Pune workspaces

US-based bank Citigroup Inc on Thursday said it has inaugurated two state-of-the-art workspaces in Chennai and Pune under its Citi Solution Centres network that would augment the capacity to serve

We will double down on India, says Citigroup CEO (India) Ashu Khullar

'The consumer business has over the years become largely dominated by domestic players, not only in India but globally'

Citigroup's next CEO has a Herculean task: Turning the bank around for real

When Jane Fraser takes the helm of Citigroup Inc in February, she will have some big tasks ahead of her

Citigroup picks Jane Fraser as next CEO, first woman in that role

Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank

Citigroup CEO Michael Corbat earned 369 times average employee in 2017

The change in Corbat's pay compares with annual raises of 5 to 20 percent for other Wall Street bank chief executives