Citigroup

Citigroup President Jamie Forese to depart, Ybarra promoted

04/11/19

Jamie Forese, long considered the potential successor to Citigroup Chief Executive Officer Michael Corbat, is departing after 34 years at the firm.

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Guns, CECL and 'too big to manage': Big-bank CEOs on Hill

04/10/19

A House Financial Services Committee hearing featuring seven large-bank CEOs tackled a host of contentious subjects, as Republicans and Democrats sparred over whether such institutions are simply too big.

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Big-bank CEOs head to the lion's den

04/08/19

The congressional hearing will be ripe with opportunities for lawmakers to raise flags on issues of diversity, deregulation and social policy.

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After cutting 802,000 jobs, some big banks are adding staff

04/03/19

Hundreds of thousands of jobs have disappeared on Wall Street since the 2008 financial crisis and some of the biggest banks haven't stopped cutting. Still, some firms managed to reverse the trend and are slowly boosting staff levels.

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Citi earns high marks for disclosing disparities in gender pay

04/01/19

Citigroup earned the lone "A" on an investment firm's scorecard that measures companies' commitments to closing the pay gap between men and women. Goldman Sachs was one of four banks to receive an "F."

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German-based Challenger bank N26 still 'on track' for 2019 U.S. launch

04/01/19

As N26 schedules its launch for midyear, it will face off against other startups and mobile-only spinoffs from incumbent financial institutions.

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Citi consumer unit stumbles; SOFR surge could be a bad sign

04/01/19

The flagship division is on course to miss next year’s financial projections; Investors may be using SOFR swaps as a hedge against expected volatility.

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Crapo presses banks to keep serving 'politically disfavored' industries

03/27/19

Letters to eight bank CEOs from the Idaho senator were a rebuttal to calls by some Democrats for financial institutions to cut ties with firearms manufacturers, prison companies and others.

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Inside Citi's plan for 'payment ubiquity'

03/27/19

Digital payment innovators have shown an almost limitless propensity to home in on banks’ turf, and Citigroup is ready to strike back.

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Pot banking support grows; Equifax, Fair Isaac partner to sell data to banks

03/27/19

Mainstream firms are joining the push to let cannabis firms use banks; the companies say they can help banks make lending decisions quicker.

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