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Citigroup strips COO of responsibility after $136mn fine
WEB5 days ago · Citigroup is stripping chief operating officer Anand Selva of his responsibility for a key piece of its compliance work, after the bank was fined $136mn by regulators this summer for reporting ...
JPMorgan Hires Citi’s Raimondi as Head of Americas SIG M&A
WEB3 days ago · Raimondi, who’s based in New York, will join JPMorgan later this year as head of North America Strategic Investor Group M&A, according to a memo reviewed by Bloomberg News. He’ll be ...
A year after reorg, progress at Citi comes in ‘fits and starts’
WEBSep 12, 2024 · Citi is working to “swiftly” incorporate regulator input amid the bank’s effort to put its data, risk and control issues behind it, CFO Mark Mason said this week, as the lender chases growth one year after launching a major reorganization.. New penalties totaling $135.6 million from the Federal Reserve and the Office of the Comptroller of the Currency provided “feedback” on the New ...
Citi Statement on Final Phase of Organizational ... - Citigroup
WEBMar 25, 2024 · Citi Statement on Final Phase of Organizational Simplification Changes. NEW YORK - "Today we shared with our colleagues that we have concluded the major actions that we announced in September 2023 that align Citi’s structure with our simplified operating model.
Citigroup to end sweeping overhaul this week after 5,000 layoffs
WEBMar 25, 2024 · Citigroup is in the last phase of a sweeping overhaul to simplify its structure and improve performance, the bank said, after shrinking its workforce by 5,000 employees since September.
Trio of new Citigroup executives stirs succession talk on Wall Street
WEBJun 11, 2024 · Citigroup chief executive Jane Fraser has sparked speculation on Wall Street about a three-way race to be her heir apparent, after tapping a trio of outsiders with impressive résumés to aid her...
Citi Statement on Next Phase of Organizational Changes - Citigroup
WEBNov 20, 2023 · Citi Statement on Next Phase of Organizational Changes. November 20, 2023. NEW YORK - “Today we shared with our colleagues the next layer of changes across many of our businesses and functions as we continue to align Citi’s organizational structure with our new, simplified operating model.
Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
WEBNEW YORK, Feb 12 (Reuters) - U.S. regulators have asked Citigroup (C.N) for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a...
Citi tech chief to share data responsibility with COO: memo
WEB5 days ago · Citi’s chief operating officer, Anand Selva, will co-lead the bank’s data program with Tim Ryan, the lender’s head of technology and business enablement, according to a memo seen Monday by Banking Dive. Selva remains the head of the overall transformation effort, which includes data, controls, risk and compliance, the company said.
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