Citigroup

Harassment and drugs have plagued a Citi division for years

Interviews with 22 people who worked in or closely with the equities division suggest the incidents weren't an aberration, painting a picture of persistent harassment and discrimination at Citigroup's equities unit in New York, which advises on and executes trades for top hedge funds and other Wall Street players.

23 March 2024, 15:57 IST

Harassment and drugs have plagued a Citi division for years

23 March 2024, 15:57 IST

Citigroup lays off more bosses as CEO Fraser addresses managing directors

The bank last week said it would cut 20,000 jobs over the next two years, after a fourth quarter marred by one-off charges that resulted in a $1.8 billion loss.

19 January 2024, 03:57 IST

Citigroup lays off more bosses as CEO Fraser addresses managing directors

19 January 2024, 03:57 IST

Citigroup CEO announces management changes, 'difficult' decisions

Specific leadership changes across businesses and functions will be communicated by executives on Monday first to their teams and later posted on an internal site, the memo to employees said.

20 November 2023, 15:34 IST

Citigroup CEO announces management changes, 'difficult' decisions

20 November 2023, 15:34 IST

Citigroup employees brace for layoffs, management overhaul: Report

Preparations for Monday's announcements were communicated verbally in meetings, according to a source familiar with the situation who was not authorised to speak publicly.

20 November 2023, 08:10 IST

Citigroup employees brace for layoffs, management overhaul: Report

20 November 2023, 08:10 IST

Citigroup mulls at least 10% job cuts in major businesses

Citigroup's managers and consultants working on CEO Jane Fraser's reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday.

06 November 2023, 14:22 IST

Citigroup mulls at least 10% job cuts in major businesses

06 November 2023, 14:22 IST

HSBC to acquire Citigroup China consumer wealth business

The transaction, the financial details of which were not immediately known, will also see Asia-focussed HSBC taking over "a few hundreds" of Citi's China-based staff, said one of the sources.

28 September 2023, 09:12 IST

HSBC to acquire Citigroup China consumer wealth business

28 September 2023, 09:12 IST

Citigroup cuts 2023 euro area real GDP growth forecast to 0.4%

They also expect the economy to shrink by 0.1% in 2024, compared to 0.8% growth expected earlier.

08 September 2023, 07:39 IST

Citigroup cuts 2023 euro area real GDP growth forecast to 0.4%

08 September 2023, 07:39 IST

Credit Suisse puts up China brokerage venture for sale

Credit Suisse owns 51% of CSS and it struck a deal to buy out its partner Founder Securities last year.

09 June 2023, 07:43 IST

Credit Suisse puts up China brokerage venture for sale

09 June 2023, 07:43 IST

China to further open financial sector, Citigroup told

The US lender started shutting down its retail banking business in China last December due to a global strategy shift

07 June 2023, 06:27 IST

China to further open financial sector, regulator tells Citigroup CEO

China to further open financial sector, Citigroup told

07 June 2023, 06:27 IST

Citi profit beats estimates on higher interest income

However, it set aside $241 million in the quarter to cover potential loan losses against the backdrop of a slowing economy

14 April 2023, 16:39 IST

Citigroup profit beats estimates on higher interest income from loans

Citi profit beats estimates on higher interest income

14 April 2023, 16:39 IST