"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.
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.
It's been a tough week for the markets.
Sean Egan, president of Egan-Jones Rating Co., talks about Standard & Poor's cut in the credit ratings of Bank of America Corp., Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.
Former brokers at Merrill Lynch, Citigroup and Lehman Brothers have won a reversal of their convictions for tipping day traders to confidential data on their internal 'squawk boxes', after an appeals court said prosecutors withheld critical evidence.
Reuters reports that Citi has lured three senior investment bankers away from UBS.
Citigroup has said that North American equities head Richard 'Rick' Bartlett has taken a medical leave of absence.
Two former employees of Barclays have signed deals with the US Department of Justice as part of its probe into alleged Libor manipulation, underlining the thrust of the worldwide investigation that is expected to yield more criminal charges against individuals over the next month.
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.
Sad to report that Thomas Candillier, head of European cash equity sales at JPMorgan, has died at the age of 37.
Citigroup said on Thursday it has appointed veteran Beibei Li as its head of Belt and Road Initiative-related banking and origination businesses, as western banks bet on China’s drive to build a modern-day Silk Road to create business opportunities.
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.