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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.
In North America, Citi seeks to increase the proportion of Black employees in the AVP to MD ranks to 11.5% over the same period from the current 8.1%. Citigroup sets new diversity goals for ...
Citibank, N.A. ("N. A." stands for "National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation. [2] Citibank was founded in 1812 as City Bank of New York , and later became First National City Bank of New York . [ 3 ]
Jane Fraser (born 13 July 1967) is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. [1] [2] Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004.
It also meant that Citi took a hard line, for example, against an employee who posted antisemitic messages on social media last week. The employee was terminated immediately, Fraser's team said.
The stock market was having a strong day on Wednesday, with the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) higher by 1.6% and 1.9% as of 10 a.m. ET. In fact, Wells Fargo ...
As CEO of Citi Holdings, he was responsible for and led the divestiture of a portfolio of non-core business and assets following the financial crisis of 2008 and Citi's participation in the Troubled Asset Relief Program (TARP). [11] In 2011, he was named CEO of Europe, Middle East and Africa where he oversaw all Citi operations in the region.
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.