Citigroup

Citi, BNY Mellon earn top grades for pay gap disclosures

03/23/21

Bank of America, Wells Fargo and JPMorgan Chase also received high marks for transparency in reporting how they are paying women and employees of color, but Goldman Sachs, KeyCorp and Citizens Financial Group still have work to do, according to the advocacy investor firms Arjuna Capital and Proxy Impact.

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Citigroup CEO bans Friday Zoom calls, encourages vacations

03/23/21

Citigroup Chief Executive Jane Fraser has barred internal video calls on Fridays and encouraged vacations in an effort to combat workplace malaise brought on by the coronavirus pandemic.

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Citi urges dealmakers to send more business to private bankers

03/16/21

Citigroup’s dealmakers have been keeping busy with family offices looking to get in on the blank-check frenzy. Now the lender wants to bring its private bank a piece of the action.

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Citi has more women on its board than any other big global bank

03/15/21

Women now account for half of Citigroup's 16-person board, the most of the 20 largest global banks, after Michael Corbat stepped down as CEO and was replaced by Jane Fraser.

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Citi's Fraser says idea women don’t help women is ‘utter rubbish’

03/11/21

There’s a theory in corporate America that women in positions of power don’t help other women. Citigroup Chief Executive Jane Fraser doesn’t buy it.

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Citi blocks firms with errant Revlon payout from debt deals

03/10/21

Citigroup is punishing investment firms that kept payments the bank accidentally sent to Revlon lenders by blocking them from certain new debt offerings led by the bank, according to people with knowledge of the matter.

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Citigroup top lawyer who steered bank through mortgage crisis retiring

03/09/21

Citigroup’s general counsel, Rohan Weerasinghe, told the bank that he will retire by the end of the year after almost a decade in the role.

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Citi’s $900 million mistake prompts banks to seek new safeguards

03/03/21

Banks have begun inserting new language into loan deals that would require investors to return accidental payments like the one Citigroup made to Revlon's lenders last year.

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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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