Citigroup CEO Prince to resign: reports
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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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TORONTO : Media baron Conrad Black, facing battles with shareholders in the US and Canada, will quit as chairman and chief executive officer of the Canadian holding company Hollinger Inc &quot;within a few days,&quot; the company announced.
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Citigroup Inc. (CN: Quote, Profile, Research) appointed Sallie Krawcheck as its No. 2 executive on Monday in a surprise management shuffle designed to cultivate
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The staff of the U.S. Securities and Exchange Commission is considering recommending a civil injunction and/or administrative proceedings against Citigroup Asset Management, Citicorp Trust Bank, former asset management unit Chief Executive Thomas Jones and three other people, Citigroup  said on Friday.
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Citigroup Inc.  plans to fill its open chief financial officer job within 45 days, and is seeking someone who might eventually rise to a higher job at the largest U.S. bank, Chief Executive Charles Prince said.
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Saudi Arabian Prince Alwaleed bin  Talal, Citigroup's  largest individual shareholder, will  inject new cash to help America's biggest bank grapple with  heavy mortgage market losses, the Wall Street Journal reported  on its Web site on Friday.
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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., the world&#39;s largest bank, said the Securities and Exchange Commission may take enforcement action against Thomas Jones, the investment- management chief who is leaving the company.
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Turns out Citigroup (C ) CEO Charles Prince really is serious about cleaning house. On Oct. 19, he announced the departure of three top execs who bore operational responsibility for the regulatory shortcomings
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Citigroup Inc.  could make as much as $24 billion in writedowns and lay off 20,000 workers as part of a plan to cut costs and boost capital, CNBC said on its Website in a report dated Sunday.
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Citigroup Inc  is likely to  announce on Tuesday a significant dividend cut, at least $10  billion of new capital and a writedown of as much of $20  billion, the Wall Street Journal reported on Monday.
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Three senior executives at Citigroup were forced to resign yesterday as Charles O. Prince, the firm&#39;s chief executive, delivered on a promise to improve the bank&#39;s sullied reputation in
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Ciba Specialty Chemicals Holdings said that its chief financial officer, Michael Jacobi, would leave and that it had named an executive from Dow Chemical as his successor. Mr. Jacobi, who is 53, plans to step down in March to Âpursue a new career path,Â the company said. ÂI have been doing this for 10 years, and I think itÂs time for a change,Â Mr. Jacobi said. Ciba said Mr. Jacobi would be succeeded by Juerg Fedier, 51, a executive of DowÂs European operations.
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NEW YORK -- Citigroup Inc.. the financial services giant, confirmed on Wednesday that it was removing three senior executives in the wake of a banking scandal in Japan.
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Saudi Prince Alwaleed bin Talal, Citigroup Inc.'s  largest individual shareholder, said he has confidence in Chief Executive Charles Prince and does not want to see a breakup of the biggest U.S. bank, according to a published interview.
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Citigroup Inc  awarded Chief  Executive Vikram Pandit $26.7 million of shares and 3 million  stock options, six weeks after he took over the largest U.S.  bank, and a week after reporting a record $9.83 billion  quarterly loss.
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Saudi Arabian Prince Alwaleed bin  Talal, Citigroup's  largest individual shareholder, will  inject new cash as the largest U.S. bank grapples with heavy  mortgage market losses, the Wall Street Journal reported on its  Web site on Friday.