Citigroup loses three executives
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Three of Citigroup's most senior executives are to leave the Wall Street heavyweight following last month's closure of its Japanese operations, reports say.
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&#39;We&#39;re not a deal-focused company,&#39; Prince tells newspaper; adds bank must focus on ethics. NEW YORK  - The chief executive of Citigroup Inc.
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The executives were forced to resign on Tuesday in the wake of Citigroup's private banking operations being shut down in Japan last month.
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Citigroup Inc. C.N on Monday said  Todd Thomson, its chief financial officer and head of strategy,  will swap posts with Sallie Krawcheck, Smith Barney's chairman  and chief executive officer.
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Citigroup Inc.  on Friday said U.S. securities regulators are thinking of recommending enforcement proceedings against the former head of Citigroup Global Investment Management.
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Citigroup,  under pressure to cut  costs and boost revenues, said on Monday it had named Robert  Druskin as chief operating officer.
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Citigroup Inc., the world&#39;s largest bank, was forced to close its private banking operations in Japan after the nation&#39;s financial regulator reported it had found &quot;serious&quot; breaches.
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Citigroup Inc.  on Friday said it is cutting jobs in its corporate and investment bank to save money, and a person familiar with the decision said more than 1,000 positions may be lost.
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The three top U.S. banks have abandoned a Treasury-backed plan for a fund to bail out structured investment vehicles, sources familiar with the matter said, after Citigroup  and others launched independent rescues, making the fund unnecessary.
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Citigroup Inc Chief Executive Charles Prince plans to resign this weekend, the Wall Street Journal said, as the widening subprime mortgage crisis deals a final blow to a reign long under attack.
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Citigroup Inc on Tuesday posted its first quarterly loss since its creation in 1998, hurt by write-downs for exposure to subprime mortgages and other risky debt.
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Citigroup , said on Sunday it had  named former American Express executive Gary Crittenden as its  CFO, the latest in a series of management reshuffles geared to  improve performance at a bank whose earnings growth has been  lagging.
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In its latest move to restructure and shore up its stock, Sprint Nextel yesterday announced the immediate departures of three top executives, including Chief Financial Officer Paul Saleh.
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SunTrust Banks Inc., a large U.S.  southeast regional bank, on Wednesday said it fired three  finance executives, including its chief credit officer, after  uncovering problems in how it accounted for bad loans.
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Citigroup Inc., the world&#39;s biggest bank, said Vice Chairman Deryck Maughan will leave the firm, along with investment management head Thomas Jones and Peter Scaturro, who ran the company&#39;s
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Astana - New York. October 20. KAZINFORM quotes - Three top Citigroup Inc. executives, including Vice Chairman Deryck Maughan, are leaving the financial services giant in the wake of a scandal at its Japanese private banking unit.
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Citigroup Inc. today said it suffered losses of nearly $10 billion in the last three months of 2007 as problems with risky sub-prime loans continued to rattle the country's major financial companies.