Citigroup strips COO of responsibility after $136mn fine
WEB1 day ago · Citigroup is shifting responsibility for a key piece of its compliance work and around 800 employees from chief operating officer Anand Selva, after the bank was fined $136mn by regulators this ...
Citi taps tech chief Ryan to fix data management issues alongside …
WEB1 day ago · Citigroup has tasked technology head Tim Ryan to work alongside Chief Operating Officer Anand Selva in fixing the bank's longstanding data management issues, according to a memo seen by Reuters on ...
Live news: Bank of America hires Citi’s chief accounting officer
WEB1 day ago · Bank of America hires Citi’s chief accounting officer. Bank of America has poached Citigroup’s chief accounting officer Johnbull Okpara to act in the same position. Okpara is replacing Rudolf ...
Trio of new Citigroup executives stirs succession talk on Wall Street
WEBJun 11, 2024 · Citigroup chief executive Jane Fraser has sparked speculation on Wall Street about a three-way race to be her heir apparent, after tapping a trio of outsiders with impressive résumés to aid her...
Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
WEBNEW YORK, Feb 12 (Reuters) - U.S. regulators have asked Citigroup (C.N) for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a...
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Citi Statement on Final Phase of Organizational ... - Citigroup
WEBMar 25, 2024 · Citi Statement on Final Phase of Organizational Simplification Changes. NEW YORK - "Today we shared with our colleagues that we have concluded the major actions that we announced in September 2023 that align Citi’s structure with our simplified operating model.
Fourth Quarter and Full Year 2023 Results and Key Metrics - Citigroup
WEBJan 12, 2024 · Citigroup’s end-of-period loans were $689 billion at quarter end, up 5% versus the prior-year period, largely reflecting growth in cards in USPB. Citigroup’s end-of-period deposits were approximately $1.3 trillion at …
Citigroup to end sweeping overhaul this week after 5,000 layoffs
WEBMar 25, 2024 · Citigroup is in the last phase of a sweeping overhaul to simplify its structure and improve performance, the bank said, after shrinking its workforce by 5,000 employees since September.
A year after reorg, progress at Citi comes in ‘fits and starts’
WEB5 days ago · Citi is working to “swiftly” incorporate regulator input amid the bank’s effort to put its data, risk and control issues behind it, CFO Mark Mason said this week, as the lender chases growth one year after launching a major reorganization.. New penalties totaling $135.6 million from the Federal Reserve and the Office of the Comptroller of the Currency provided “feedback” on the New ...