Citi News | Press Releases from Citi | Citi News Releases - Citigroup
Sep 26, 2024 · Citi and Google Cloud Announce Strategic Agreement to Modernize Citi’s Technology Infrastructure and Drive Innovation. October 28, 2024.
Citigroup strips COO of responsibility after $136mn fine
Sep 16, 2024 · Citigroup is stripping chief operating officer Anand Selva of his responsibility for a key piece of its compliance work, after the bank was fined $136mn by regulators this summer for...
Citigroup CEO Fraser Says It’s ‘Game On’ for Deals in the US
19 hours ago · Clients were awaiting an “unlocking” before embarking on M&A and are now starting to ramp up plans in the wake of Trump’s election win, Fraser said in an interview with Bloomberg Television ...
Citi and Google Cloud Announce Strategic Agreement to Modernize Citi…
Oct 28, 2024 · By modernizing its technology infrastructure on Google Cloud, Citi will unlock the ability to offer improved digital products, streamline employee workflows, and run high-performance computing (HPC) and analytics platforms.
Trio of new Citigroup executives stirs succession talk on Wall Street
Jun 11, 2024 · Citigroup chief executive Jane Fraser has sparked speculation on Wall Street about a three-way race to be her heir apparent, after tapping a trio of outsiders with impressive résumés to aid her...
Citigroup is cutting 10% of its workforce in CEO Jane Fraser ... - NBC News
Jan 12, 2024 · Citigroup said Friday it booked a $780 million charge in the fourth quarter tied to Fraser’s restructuring project, and that it may post another $1 billion in severance and other expenses in 2024.
Citi, Falling Behind Peers, Unveils ‘Uncomfortable’ Changes and …
Sept. 13, 2023. Citigroup unveiled a wide-ranging management shake-up on Wednesday, and its chief executive, Jane Fraser, admitted in unusually frank terms that the bank was headed in the wrong...
Citi Statement on Final Phase of Organizational ... - Citigroup
Citi Statement on Final Phase of Organizational Simplification Changes. NEW YORK - "Today we shared with our colleagues that we have concluded the major actions that we announced in September 2023 that align Citi’s structure with our simplified operating model.
Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
NEW YORK, Feb 12 (Reuters) - U.S. regulators have asked Citigroup (C.N) for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a...
Citi Reorganization Has Gone Swifter Than Expected, CEO Says
Mar 5, 2024 · A Citigroup Inc. reorganization aimed at streamlining the bank and making it more competitive with its peers has gone swifter than expected, Chief Executive Officer Jane Fraser said, as she set...