Citigroup

Furloughed employees' latest headache: Work-related credit card debt

01/22/19

For thousands of government employees, credit card bills are coming due for travel and other expenses they incurred before the shutdown.

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Citi's Corbat not counting out struggling European rivals

01/22/19

"I don't and I never would discount the European banks," Citigroup Chief Executive Officer Michael Corbat said in an interview at the World Economic Forum in Davos. "Don't overestimate the U.S. banks' position, and don't underestimate the European banks' position."

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How Citi will shrink its pay gap, and beware those freshman renegades

01/18/19

Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive freshmen females who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on toxic masculinity.

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Warren demands details on Mnuchin's December calls to bank CEOs

01/18/19

In letters to the Treasury secretary and CEOs of the largest banks, the Massachusetts Democrat questioned why Mnuchin was trying to quell liquidity fears that had not previously been mentioned by regulators.

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Warren asks big banks for details on their shutdown response

01/16/19

Sen. Elizabeth Warren questioned the five largest U.S. retail banks in a letter on what they are doing to reduce the impact of the government shutdown on customers.

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Citi says female employees earn 29% less than men

01/16/19

The bank also reported that, among its U.S. employees, people of color earn 7% less than their white colleagues.

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Citigroup's big challenge for 2019

01/14/19

CEO Michael Corbat will need to lean heavily on credit cards and other consumer business lines, and keep driving down costs, to offset weaknesses in capital markets.

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Citi fixed-income trading slumps 21% in bad omen for Wall Street

01/14/19

Citigroup Inc. gave investors the first look at how Wall Street banks fared during the violent market swings at the end of 2018 — and it’s grim.

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Citi beats estimate as earning season opens; Goldman eyes cash management

01/14/19

Trading revenue for banks is expected to be flat; the bank plans high deposit rates to lure corporate customers.

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Banks, credit unions help federal workers weather shutdown

01/11/19

Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies.

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