Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

LATEST

People News: Citigroup, JPMorgan

JPMorgan Chase

Tsutomu Fujita has resigned as Citigroup’s vice chairman in Japan, ceasing to be an employee of the bank where he’s worked for 16 years, according to an internal memo obtained by Bloomberg.

Goldman struggling to end fixed-income decline

Goldman Sachs Blink

Goldman Sachs’s fixed-income traders were supposed to take back market share in the second quarter, halting years of declines. That now looks harder, after JPMorgan and Citigroup blew past analysts’ estimates last week.

Citigroup agrees to pay $7m penalty over coding error

SEC Building

The Securities and Exchange Commission thas announced that Citigroup Global Markets has agreed to pay a $7m penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete “blue sheet” information about trades it executed.

Bonus cuts are coming

No Pot Of Gold

When U.S. banks post second-quarter results in days, it’ll boil down to this: Bonus cuts are coming for just about everyone this year, says Wall Street recruiter Richard Lipstein. “If you are break-even, it’s an achievement.”

Citi merging units

Citi Building Canary Wharf

Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday.

HOT LIST

Breaking Glass

Shareholders to Citi: Break This Company Up

A firm that advises one of the largest public unions in the U.S. requested on Wednesday that Citigroup mull the possibility of breaking up its financial supermarket, putting new public pressure on the beleaguered banking giant as it undergoes a leadership transition.

FEATURED

JPMorgan Chase

People News: Citigroup, JPMorgan

Tsutomu Fujita has resigned as Citigroup’s vice chairman in Japan, ceasing to be an employee of the bank where he’s worked for 16 years, according to an internal memo obtained by Bloomberg.