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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 to Slash Year-End Promotions Amid Organization Overhaul
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9h
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 ...
15d
Citigroup CEO Fraser Says It’s ‘Game On’ for Deals in the US
Citigroup Inc. Chief Executive Officer Jane Fraser said that clients who’d been waiting on the sidelines to do deals are ...
Think Advisor
2d
Citi's Wealth Boss Offers Retention Bonuses as Part of Revamp
But to the annoyance of senior managers, little was delivered. In the midst of that dysfunction, Chief Executive Officer ...
11h
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 ...
Financial Advisor
2d
Citi Bonuses Buy Time For New Wealth Boss's Rush To Revamp
His abrupt personnel changes rankled some executives, prompting bankers to defect. In response, Citigroup offered dozens of retention bonuses to staff, particularly in the Wealth at Work unit and to ...
5d
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 ...
5d
on MSN
‘Dancing in the street’: Some Wall Street banks are triumphant heading into Trump era
Trump hasn’t yet returned to office, and the biggest banks keep notching wins. The nation’s biggest banks have just in the ...
1d
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 ...
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