Home Tags Citigroup

Tag: Citigroup

A Citigroup office is seen at Canary Wharf in London.

Citigroup slammed with record $57 million fine for inaccurate reporting

Citi "failed to meet the standards of governance and oversight of regulatory reporting" expected of an important bank, said Sam Woods, CEO of the PRA.

Google’s next big thing is offering to be your personal bank

Google is working with Citigroup and the Stanford Federal Credit Union to create something new for the tech giant: checking accounts.

Citigroup posts strong trading results amid layoffs, beats profit estimates

Citigroup's trading results fell less than 1% amid hundreds of layoffs across the business, beating expectations for a 4% drop.

Jerome Powell held calls with the CEOs of JPMorgan and Citigroup the day after the Fed cut rates for the first time since 2008

Powell spoke with JPMorgan's Jamie Dimon for seven minutes and Citigroup's Michael Corbat for 15 minutes on the morning of August 1.
Chief Executive Officer of Citigroup Michael Corbat speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne

Citi has quietly undergone a massive restructuring over the past year. Here are the businesses it overhauled and the executives who departed.

A little over two years after the firm's investor day, just five of the 14 executive officers on CEO Michael Corbat's team remain.

Global banks have cut 30,000 jobs this year. It’s a sign the banking crisis is only getting worse.

Deutsche Bank leads the way on cuts, but Barclays, HSBC, Société Générale and Citigroup are also reducing headcount.

Deutsche Bank and Wall Street banks reportedly just gave Congress thousands of documents related to Russians with possible ties to Trump

Investigators are looking into whether there was potential foreign influence on Trump and his family, The Wall Street Journal reported.
Michael Corbat, left, CEO of Citigroup.

Citigroup is reportedly cutting hundreds of jobs this year — another sign the slump in trading is here to stay

“This won’t be the last trading-related job cuts story,” an analyst told Bloomberg.

A division of Citigroup hired 3 criminals because of lax background checks

"FINRA member firms must live up to their responsibility as a gatekeeper protecting investors from bad actors," a regulatory official said.
Michael Corbat, CEO of Citigroup.

Citi leads a rally in bank stocks after beating Wall Street earnings estimates

Both revenue and earnings per share outperformed consensus analyst expectations, which lifted shares industry-wide.