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.

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.

The award was the highest pro rata compensation for executives at the bank.

Wealth management is now one of five divisions in the firm's simplified organization.

The CEO's compensation package included $1.5 million in salary plus stock and cash incentives.

Helen Grace Caldwell told her employees about her side film hustle but neglected to add that her clients were helping her fund it.

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.

The change comes over massive overhaul as the mega bank seeks to build divison under Sieg.

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.

The departure follows on the arrival of Andy Sieg and comes amid a global overhaul at the wirehouse.

A female Citigroup Inc. equities managing director sued the bank, alleging that she endured "horrifying" sexual assault and harassment by superiors

The restructuring under CEO Jane Fraser will refocus Citigroup on wealth management and four other key business areas.

Citigroup didn't admit any wrongdoing in its settlement of allegations by regulators that employees denied credit cards to people in Southern California suspected of being of Armenian origin.

All eyes will be on the incoming veteran executive as the banking giant seeks to take advantage of expected growth in global wealth.

Citigroup will pay almost $2 million to settle SEC allegation that two of the bank's brokerages recommended trades to customers without appropriately mailing disclosures to them.

In addition to her work as global head of Citigroup's Citi Private Bank, Liu also co-leads the bank's Asian affinity network.

The move comes amid the banking giant's push to increase its headcount of advisors working with ultrahigh net worth clients.

The Wall Street giant's biggest restructuring comes as prepares to welcome Andy Sieg to oversee its ambitions with high net worth clients.

A new study sees family offices getting into bond markets but at the cost of another type of bond.