Citigroup Inc. (C)
Citigroup slashes banker promotions in cost-cutting drive: report
Just 2,000 Citi employees can look forward to an early Christmas present of a pay raise and a more senior title, down from 8,000 in previous years, the FT reported.
Citigroup hires Kate Moore from BlackRock as wealth CIO
Citigroup announced on Tuesday it is hiring Kate Moore as its new wealth division's chief investment officer.
Citigroup Obtains License to Establish Regional Headquarters in Riyadh
C obtains a license to establish regional headquarters in Riyadh to capitalize on the country's growth potential.
Citi Is Using Special Bonuses to Retain Wealth Bankers
As Citigroup revamps its wealth business, it's unveiled a new strategy to keep top bankers from leaving--dishing out special retention bonuses for dozens of personnel. Bloomberg's Todd Gillespie breaks down the story on "Bloomberg Open Interest.
Final Trades: Deckers, Electronic Arts, Citigroup and the INDA
The Investment Committee give you their top stocks to watch for the second half.
Citi gets license for regional headquarters in Saudi Arabia, memo shows
U.S. bank Citigroup has received approval to establish its regional headquarters in Saudi Arabia's Riyadh, according to an internal memo seen by Reuters on Friday.
Citi: Reasonable Q3 Results But Shares Appear Fairly Valued
Citi is undergoing a turnaround, showing improvements in Services, Banking, and Wealth units, but USPB and Markets segments remain as laggards. Q3 FY24 results were mixed, with strong service and commercial banking earnings offset by rising credit costs and weak USPB performance. Shares appear fairly valued based on earnings, yet on an asset basis, the stock looks significantly undervalued.
Report: US Government Investigating Citigroup's Anti-Money Laundering Policies
U.S. government agencies are reportedly investigating Citigroup's anti-money laundering (AML) policies and its ties to a sanctioned Russian official. The Department of Justice (DOJ), the FBI and the IRS are looking at the bank's work for a trust that holds assets owned by Russian billionaire Suleiman Abusaidovich Kerimov, Bloomberg reported Thursday (Nov. 14), citing unnamed sources.
Citigroup probed by feds over ties to sanctioned Russian billionaire Suleiman Kerimov: report
Kerimov was sanctioned by the US in 2014 and 2018 in response to Russia's actions in Syria and Ukraine.
Citigroup facing US probe over ties to sanctioned Russian billionaire, Bloomberg reports
Citigroup is being probed by U.S. government agencies over its ties to sanctioned Russian billionaire Suleiman Abusaidovich Kerimov, Bloomberg News reported on Thursday, citing a person familiar with the matter.
Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock' ahead.
The future could see more megamergers, middle-market deals and initial public offerings.
Citigroup CEO Jane Fraser: Clients Focused on Launching M&A Activity
Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said Tuesday. Speaking with Bloomberg Television, Fraser said the bank's clients had been waiting to begin M&A activity and are now focused on doing so, Bloomberg reported Tuesday.
