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Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. ... News. Science & Tech ...
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price.. About 20,000 employees will be let go over the “medium term,” New ...
Citi reported a net income of $2.9 billion, or $1.34 per share, for the three months ended Dec. 31. That compares with a loss of $1.8 billion, or $1.16 per share, a year earlier.
A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues.
Citigroup CEO Jane Fraser is betting a dramatic restructuring can revive the lender's stock price and remove decades of bloat.On Friday she disclosed how deep those cuts will go. The New York bank ...
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank , and Travelers ; Travelers was spun off from the company in 2002.
Regulators slapped Citigroup with $136 million in fines for failing to resolve long-standing deficiencies surrounding controls and risk management, a setback for CEO Jane Fraser as she tries to ...
Richard Dean Parsons (April 4, 1948 – December 26, 2024) was an American business executive, notably the chairman of Citigroup and the chairman and CEO of Time Warner.He had also been the interim CEO of the Los Angeles Clippers of the National Basketball Association (NBA) and the interim chairman of the board for CBS.