Citigroup slashes banker promotions in cost-cutting drive

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 slashes promotions as it seeks to overhaul bank, FT reports
Citigroup is cutting the number of year-end promotions it awards as it seeks to hold costs down amid a long-term restructuring to shrink headcount, the Financial Times reported on Tuesday.
Citigroup Slashes Year-end Promotions Amid Cost-cutting Drive
Citigroup plans to significantly reduce the number of year-end promotions to curb costs during its ongoing restructuring, the Financial Times reported on Tuesday.According to the report, only 2,000 employees are expected to receive pay hikes and title changes in the next month,
Citigroup slashes promotions as it seeks to overhaul bank
As few as 2,000 employees could receive pay and title bumps in the next month, down from about 8,000 in previous rounds
Citi cuts promotions, raises as it seeks to overhaul the bank, FT says
Citi (C)group is cutting the number of year-end promotions it typically awards as the company seeks to keep costs down amid a long-term
Citigroup to Slash Year-End Promotions Amid Organization Overhaul
Citigroup Inc. C is planning to slash the number of year-end promotions it typically grants as it strives to keep expenses low amid a long-term organizational overhaul to shrink headcount, as reported by the Financial Times.
A Simpler Citigroup Begins to Take Shape
Citigroup is nearing an important milestone in efforts to spin off its Mexican consumer bank, an important part of chief ...
Hosted on MSN17d
Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock’ ahead.
‘We’re seeing the big unlock with M&A …. It’s going to be pretty active.’ — Citigroup Chief Executive Jane Fraser ...
Citigroup Set to Spin Off Banamex Amid Major Restructuring Strategy
Failed to fetch dynamically imported module: https://finance.yahoo.com/assets/_app/immutable/nodes/90.BMDkfsfZ.js ...
Citigroup: Q3 Performance Justify Fair Value
Citi's valuation metrics indicate a mixed picture: a high P/E ratio suggests accounting risks, but a low P/B ratio offers a ...
Think Advisor4d
Citi's Wealth Boss Offers Retention Bonuses as Part of Revamp
Ultra-rich clients complained about outdated platforms that didn’t stack up against competitors, and relationship bankers ...
Citigroup CEO Fraser meets Chinese vice-premier, Shanghai mayor as Beijing touts reforms
China's Vice-Premier He Lifeng met Citigroup CEO Jane Fraser in Beijing on Thursday, underscoring efforts to open up the ...
Citigroup: Still Undervalued As Restructuring Is Showing Results
Citigroup is a strong value play with potential for further gains, low valuation metrics, and a promising dividend yield. See ...
Citigroup Awards Special Retention Bonuses for Dozens, Bloomberg News Reports
(Reuters) -Citigroup's wealth unit has greenlit special retention bonuses for dozens of personnel this year as the Wall ...
Citigroup nears Mexican consumer bank spinoff, WSJ reports
Citigroup is close to spinning off its Mexican consumer bank Banamex, an important part of CEO Jane Fraser's bank overhaul ...