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CITI GROUP

Citi hit by new Fed rebuke, setbacks on consent orders

Citi hit by new Fed rebuke, setbacks on consent orders

Tue, Feb 13, 2024

Late last year, the Federal Reserve sent Citi three notices directing the bank to address in the coming months how it measures the risk of default by counterparties in derivative transactions, a source with direct knowledge of the matter said.

Citigroup considering at least 10% job cuts in major businesses

Citigroup considering at least 10% job cuts in major businesses

Tue, Nov 07, 2023

The reorganization, known internally as "Project Bora Bora" according to CNBC, is intended to give Fraser more direct control as she seeks to simplify the Wall Street giant and boost its stock price.

Citigroup outlines layoff process, reassignments in overhaul

Citigroup outlines layoff process, reassignments in overhaul

Thu, Oct 05, 2023

Employees whose jobs are eliminated may be eligible to apply for other positions.

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Citigroup layoff 2023 outlines layoff process, reassignments in overhaul -memo

Citigroup layoff 2023 outlines layoff process, reassignments in overhaul -memo

Thu, Oct 05, 2023

Citigroup layoffs 2023: Employees whose jobs are eliminated may be eligible to apply for other positions, and the company will offer severance pay and notice periods where eligible, according to the message. The contents of the memo have not previously been reported.

Citi's Report Reveals Surprising Insights into UPL - What's the Buzz?

Citi's Report Reveals Surprising Insights into UPL - What's the Buzz?

Thu, Sep 21, 2023

What is special in City's #Report on UPL? Why did City's trust in UPL increase? What is City's target on UPL? Know complete details in this video

Citi plans 900 hires for commercial banking unit over three years

Citi plans 900 hires for commercial banking unit over three years

Tue, Mar 08, 2022

The U.S. lender said on Monday that along with launching in new markets and expanding its digital capabilities, the Citi Commercial Bank (CCB) unit is looking to ramp up its presence in high-growth and emerging markets

Citigroup plans to create 100 roles in digital asset push

Citigroup plans to create 100 roles in digital asset push

Tue, Nov 23, 2021

Citigroup is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division, the U.S. bank said on Tuesday.

Citigroup adjusted profit rises 14 percent on lower expenses

Citigroup adjusted profit rises 14 percent on lower expenses

Mon, Jan 14, 2019

Citigroup Inc reported a 14 percent rise in adjusted quarterly profit on Monday, as lower expenses offset a decline in revenue in its fixed-income business.

Citigroup, Deutsche Bank face Australian court in landmark cartel case

Citigroup, Deutsche Bank face Australian court in landmark cartel case

Tue, Oct 09, 2018

Lawyers jammed into the courtroom in downtown Sydney for the first administrative hearing of the case, which could have major implications for the underwriting business and lead to increased scrutiny from regulators worldwide.

Citi group invests USD 35 mn in realty portals PropTiger, Housing & Makaan.Com

Citi group invests USD 35 mn in realty portals PropTiger, Housing & Makaan.Com

Mon, Aug 20, 2018

Stating that technology is key to its business, he said the company will invest in bringing new features for personalisation, improving conversion rate, and natural language processing based search.

Citi Group says, U.S. regulators are investigating its hiring practices

Citi Group says, U.S. regulators are investigating its hiring practices

Sat, Feb 25, 2017

U.S. agencies, including the U.S. Securities and Exchange Commission, are looking into whether or not the bank hired candidates "referred by or related to foreign government officials" over other candidates, the filing said.

Citi lowers India's GDP growth forecast to 6.8% for 2016-17

Citi lowers India's GDP growth forecast to 6.8% for 2016-17

Mon, Jan 09, 2017

Global brokerage Citigroup has lowered India's growth forecast to 6.8% for this fiscal from 7.2% earlier, as cash crunch has affected pick-up in consumption while uncertainty around demonetisation may further delay any recovery in private investments.

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