Citigroup

On Fraser’s first day as Citi CEO, a net-zero emissions pledge

03/01/21

Citigroup is one of the world's largest lenders to the fossil fuel industry, but CEO Jane Fraser vowed on Monday that the bank would achieve net-zero greenhouse-gas emissions in its financing activities by 2050.

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Citigroup restates earnings after writing down Revlon loan

03/01/21

Citigroup restated fourth-quarter results after writing down a portion of a loan to Revlon it now owns after losing a court battle.

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Citi's Corbat has parting words: 'Banking is quickly changing'

02/26/21

Michael Corbat’s departure comes as Citigroup is facing fresh scrutiny from regulators about its underlying technology and internal controls, work that will continue on incoming CEO Jane Fraser’s watch.

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Citigroup makeover should drive higher returns, CFO says

02/25/21

Efforts to simplify business operations under incoming CEO Jane Fraser will cost a lot of money but will ultimately create a safer, more profitable company, Chief Financial Officer Mark Mason said.

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Citi said to consider divesting some foreign consumer units

02/19/21

The company is mulling the sale of certain retail operations the Asia-Pacific region as part of incoming CEO Jane Fraser's plan to streamline operations, according to people familiar with the matter.

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Citigroup tells Texas employees they can use office for shelter

02/19/21

Citigroup told employees in Texas they could take shelter in the firm’s offices as the state grapples with the effects of a snow and ice storm earlier this week.

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Citi may get stuck with huge chunk of distressed Revlon debt

02/17/21

A back-office blunder is leaving the financial behemoth faced with the prospect of becoming one of the biggest creditors to the troubled cosmetics empire.

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Citi loses bid to recoup massive mistake in surprise ruling

02/16/21

Citigroup unexpectedly lost a legal battle to recover half a billion dollars it sent Revlon lenders, after the embarrassing blunder forced it to answer to regulators and tighten its internal controls.

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Bank of America, Citi trim CEO compensation for 2020 in year of restraint

02/16/21

Bank of America and Citigroup trimmed compensation for their chief executives in 2020, a year in which banks exercised restraint in compensating employees as the pandemic ravaged the economy.

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Bank of America, Citi trim CEO compensation for 2020 in year of restraint

02/16/21

Bank of America and Citigroup trimmed compensation for their chief executives in 2020, a year in which banks exercised restraint in compensating employees as the pandemic ravaged the economy.

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