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Michael Corbat, CEO of Citigroup, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, U.S. April 30, 2018. REUTERS/Lucy Nicholson

Citi beats, but equity trading misses the mark

Citigroup on Monday is announcing earnings results from the first quarter.

A major overhaul is underway at Citi’s highest ranks as bank president Jamie Forese announces his retirement

Citi President Jamie Forese is retiring, and other execs are either leaving or taking on new roles, according to a memo from CEO Michael Corbat.

A Republican congressman just asked the CEOs of 7 of America’s largest banks if they’re socialists

This was not the first time that GOP Rep. Roger Williams has asked witnesses at a hearing whether they are a socialist or a capitalist.

Aramco: Here’s everything you need to know about the world’s most profitable company’s debut bond

Saudi Aramco smashed expectations to secure a debut bond issue with lower yields than the Saudi government, which owns the company.
Trading may be down, but investment banking is looking up.

Citi is expecting trading to fall in the ‘high single-digits’ in the first quarter

Citi CFO Mark Mason says trading is trending down as markets have yet to fully recover, but investment banking revenues are on the rise.
Russian President Vladimir Putin

An explosive exposé of a $9 billion Russian money-laundering operation entangles Citigroup, Raiffeisen, and Deutsche Bank

A project detailing what it calls 'the Troika Laundromat' outlines a massive money-laundering operation with links to politicians and Western banks.

Meet John Havens, the ex-Citigroup president who was charged in the Florida prostitution bust

The 62-year-old executive helped navigate the bank through the 2008 financial crisis.
There aren't many women at the table at Citi.

Citigroup says it pays women 29% less than men in report that the bank’s HR chief calls ‘difficult’

Citigroup says female employees make 29% less than male ones across its global workforce, and that women make up fewer senior positions.

Citi trading falls 21% as bank posts revenue miss

Citigroup is reporting results from the fourth quarter of 2018.
CEOs arrive at the White House in Washington, October 2, 2013, for a meeting of the Financial Services Forum with U.S. President Barack Obama. Pictured (L-R) are Michael Corbat, CEO of Citigroup, Brian Moynihan, CEO of Bank of America, Jay Hooley, chairman of State Street Corporation, and Gerald L. Hassell, chairman and CEO of The Bank of New York Mellon.

Citigroup is reportedly staring down $180 million in losses from loans gone sour to an Asian hedge fund — and a senior exec is out

Citigroup is facing $180 million in losses on loans gone sour to an Asian hedge fund, according to Bloomberg.