Citigroup protesters claim they were shoved by top lawyer at bank
Protesters who have been blocking the entrance to Citigroup’s headquarters in New York City for more than a month claim they were shoved by one of the banking giant’s top lawyers in a violent melee recorded on video, but the bank denies any wrongdoing by its employees. Shocking footage of the incident, obtained by The […]
Citigroup urges staffers to ‘keep cool’ despite anti-Israel protests
Wall Street bank Citigroup has urged employees to “remain calm” as anti-Israel protesters blockade its New York headquarters. Video obtained by The Washington Post showed pro-Palestinian protesters blocking an entrance to Citi’s offices in lower Manhattan, waving signs and chanting slogans such as “From the river to the sea, Palestine will be free” and “From […]
Citigroup fined $79M by UK regulators over ‘fat-finger’ failures
British regulators have fined Citigroup 61.6 million pounds ($78.5 million) for mismanagement in its trading operations, one of the biggest sanctions for a systems breach that helped the Wall Street firm cause a sharp drop in European stocks. The Prudential Regulation Authority (PRA) and market watchdog Financial Conduct Authority (FCA) have both investigated and fined […]
Fat-finger trade? Citigroup fined for nearly dumping $189 billion of stocks by accident – CNN
Leon Neal/Getty Images Citigroup’s London office, photographed in January 2024. London CNN — British regulators on Wednesday accused Citigroup of a total of 62 million pounds ($79 million) after a failure in its trading systems threatened to dump $189 billion worth of shares into European markets. fined. The Financial Conduct Authority (FCA)C) Meanwhile, the Bank […]
Citigroup urges dismissal of 'misguided' New York lawsuit over fraud scams – Yahoo Finance
Jonathan Stempel NEW YORK (Reuters) – Citigroup on Tuesday asked a federal judge to dismiss New York Attorney General Letitia James’ lawsuit accusing a Citibank unit of failing to repay customers who were victims of online fraudsters. did. The third-largest U.S. bank acknowledges that the problem of online wire fraud is “real,” but it has […]
Inside The Citigroup Unit That Was Plagued By Harassment, Drugs For Years – NDTV
The bank recently took steps to crack down on malicious activity. Citigroup bankers were partying with clients one night in May 2018 at a downtown Manhattan hotspot called Catch. One of them, a recent college graduate who was assigned to the equity department on a two-year rotational program at a bank, had brought his roommate […]
Citigroup probes senior banker over bullying claims: sources
Citigroup is investigating allegations of workplace harassment by at least one employee against a senior U.S. banker involved in an initial public offering, according to four people with direct knowledge of the matter. . Edward Ruff, managing director of Citi’s New York-based equity capital markets group, has been on leave since January, said the people, […]
Citigroup CEO Jane Fraser has chance to pull off the restructure of the century, bring banking empire back to its former glory
It seems almost unbelievable that there was a time, and not that long ago, when Citigroup was the model financial services company. It could happen again, but only if CEO Jane Fraser pulls off the restructuring of the century. Full disclosure: I don’t believe in Citi’s comeback story, but there are people I respect on […]
Citigroup axing 286 New York employees amid layoff spree
Check out what’s being clicked on FoxBusiness.com Citigroup is cutting about 300 employees in New York as it continues its massive layoffs to keep costs down, according to filings with the state Department of Labor. Approximately 239 employees will be cut from major bank subsidiaries, 44 from the broker-dealer division and three from the technology […]
Citigroup, amid layoffs, gives CEO Jane Fraser bigger pay raise than Jamie Dimon
Citigroup Inc. has increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million in 2023, the financier said in a Tuesday filing. Her salary consisted of a base salary of $1.5 million, a cash bonus of $3.7 million and deferred performance shares of $20.8 million, according to the filing. Mr. Fraser’s compensation […]