Citigroup
Citigroup
Citigroup is a global financial services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the global consumer banking segment and the institutional clients group.
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Over the past decade, the equities division at the megabank saw harassment allegations pile up, as well as alleged instances of in-office cocaine use, among other complaints.
March 25 -
The megabank, which is eliminating about 5,000 jobs in a first round of restructuring, said that it's paused its annual review of racial and gender pay gaps. Citi will conduct a 2023 review sometime later this year, a source said.
March 20 -
The award was the highest pro rata compensation for executives at the bank.
March 20 -
Wealth management is now one of five divisions in the firm's simplified organization.
March 6 -
The CEO's compensation package included $1.5 million in salary plus stock and cash incentives.
February 21 -
Helen Grace Caldwell told her employees about her side film hustle but neglected to add that her clients were helping her fund it.
January 24 -
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Banks, payment companies, mortgage lenders and insurance providers are racing to seize an advantage from generative artificial intelligence. Some have been especially aggressive in deciding which workflows — or entire jobs — can be handed off to AI.
December 22 -
The change comes over massive overhaul as the mega bank seeks to build divison under Sieg.
December 12 -
The megabank, which is in the midst of a massive restructuring, will probably book "a couple of hundred million dollars" of restructuring charges in the fourth quarter, according to its chief financial officer.
December 6