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...
Citi News | Press Releases from Citi | Citi News Releases - Citigroup
Citi is the leading global bank. Citi strives to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible. Second Quarter 2024 Results and Key Metrics
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.
Trio of new Citigroup executives stirs succession talk on Wall Street
Jun 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...
Citigroup fined $136mn for compliance failures in further blow to …
Jul 10, 2024 · Citigroup will pay $135.6mn to US banking regulators for failing to correct long-standing problems in risk control and data management, the latest black eye for it and chief executive Jane...
US regulators fine Citi $136 million for failing to fix longstanding ...
Jul 11, 2024 · WASHINGTON, July 10 (Reuters) - U.S. bank regulators fined Citigroup (C.N) $136 million for making "insufficient progress" fixing data management issues identified in 2020 and required the bank...
Fourth Quarter and Full Year 2023 Results and Key Metrics - Citigroup
New York, January 12, 2024 – Citigroup Inc. today reported net loss for the fourth quarter 2023 of $ (1.8) billion, or $ (1.16) per diluted share, on revenues of $17.4 billion. This compares to net income of $2.5 billion, or $1.16 per diluted share, on revenues of …
Citigroup CEO sets sweeping management changes, job cuts
Sep 14, 2023 · NEW YORK, Sept 13 (Reuters) - Citigroup (C.N) will strip out a layer of management and cut jobs in a sweeping reorganization that will give CEO Jane Fraser more direct control as she seeks to...
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.
Citigroup at risk of quarterly loss after disclosing charges
Jan 10, 2024 · Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s reorganization came in far higher than recently disclosed.