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 slashes promotions as it seeks to overhaul bank, FT …
Nov 26, 2024 · Citigroup is cutting the number of year-end promotions it awards as it seeks to hold costs down amid a long-term restructuring to shrink headcount, the Financial Times reported on Tuesday.
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Citigroup joins US lenders in exiting Net-Zero Banking Alliance
1 day ago · 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 ...
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.
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 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 to End Sweeping Overhaul This Week After 5,000 Layoffs
Mar 25, 2024 · (Reuters) -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 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.
Citi Reorganization Has Gone Swifter Than Expected, CEO Says
Mar 5, 2024 · A Citigroup Inc. reorganization aimed at streamlining the bank and making it more competitive with its peers has gone swifter than expected, Chief Executive Officer Jane Fraser said, as she set...