"Maybe that means reducing compensation, reducing the number of Ubers that they use, reducing travel, reducing holiday parties."
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.
BNP Paribas named Rajna Gibson Brandon to its board of directors to replace former lobbyist Laurence Parisot who has taken Citigroup local unit’s top job.
Citigroup and JPMorgan Chase will pay $182.5 million to settle U.S. investor litigation claiming they violated antitrust law by conspiring with other banks to rig a key European interest rate benchmark.
The banking giant said it would move workers from its office tower in Long Island City to other locations in the first half of next year "to make room for Amazon."
Citigroup may seek to exit its securities joint venture in China in favor of a setup where the U.S. bank can wield majority control, according to people familiar with the matter.
The Securities and Exchange Commission has announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).
Some of the risks that could affect Southeast Asia's appetite for more deals include higher interest rates and the reduction of liquidity due to volatility in capital markets.
Citigroup has named Philip Drury to run its London-based banking, capital markets and advisory business across Europe, the Middle East and Africa, according to a memo seen by Reuters.
Citi’s Board of Directors has announced that Chairman Michael O’Neill will retire on January 1, 2019 and the Board has selected John C. Dugan to succeed O’Neill as Chairman on that date.
Citigroup said in an internal memo it proposed relocating 45 employees from its trading unit and 18 from its private bank.
A “tough legal setup” for Goldman Sachs in the 1MDB case may result in fines of as much as $9 billion, Citi analysts Keith Horowitz and Eileen Shao wrote in a note.
The bloodletting continues.
Citigroup has named Joseph Chang as head of prime finance in Asia Pacific, according to an internal memo obtained by Reuters on Monday.
Klaus Oestergaard, a former partner and money manager at Brevan Howard Asset Management LLP, rejoined Europe’s biggest privately held hedge-fund firm after leaving more than a year ago.
Goldman Sachs trainees were routinely forced to attend 6am 'bootcamps', according to a book by a former employee who earlier this year accused the bank of having a 'toxic' culture.
Brian Stoker, who fended off regulators’ claims that he helped Citigroup mislead investors in a $1bn deal, has joined StormHarbour Securities LP in a sales position.
For the fourth consecutive year, Citigroup turned off the lights in office facilities and retail branches around the world to show its support for environmentally sustainable action.
Citigroup has hired Kris Van Broekhoven from Deutsche Bank as global head of a new commodity-trade-financing unit.
Citi has announced that Ethan Topper will join the Firm as Managing Director and Global Head of Technology Banking. He will be based in Palo Alto and report to Ben Druskin and Mark Shafir, Co-Heads of Global Technology Media & Telecom Banking.
Saudi businessman Ghazi Abbar, who claims in an affidavit he lost $383m of his family's fortune on investments with Citigroup Inc., was sold one of the transactions even though the bank questioned his ability to properly manage them, according to an internal memo.
Citigroup said on Friday its CEO Michael Corbat will get a 4.35% raise, bringing his total compensation for 2018 to $24 million.
Citigroup on Thursday named David Livingstone as head of its operations in Europe, the Middle East and Africa region, in place of Jim Cowles, according to a memo seen by Reuters.
Trading revenue has been disappointing for banks in the fourth quarter as markets churned, and some banks could be hit more than others.