Citigroup Job Changes May Be Dress Rehearsal for Top Post in ...
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Citigroup said yesterday that Sallie L. Krawcheck, the former equity analyst recruited to the bank to clean up its research department, would become its chief financial officer.
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Citigroup  will announce plans to  cut payrolls by 17,000 to 24,000 people when it reports  earnings on Tuesday, CNBC television reported on Monday, adding  that the layoffs could take place over a year.
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The changes at the top are good, but the bank may not be a takeover candidate.
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The recent woes of Citigroup  have encouraged some investment bankers to talk up the chances that the biggest U.S. bank might feel pressure to buy a major U.S. rival, with Wells Fargo & Co.  and even Goldman Sachs Group  touted as potential merger partners.
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The giant&#39;s CFO and Smith Barney&#39;s chief swap jobs -- a regular rotation for managers on the rise or damage control in advance?
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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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The recent woes of Citigroup   have encouraged some investment bankers to talk up the chances  that the biggest U.S. bank might feel pressure to buy a major  U.S. rival, with Wells Fargo & Co.  and even Goldman  Sachs Group  touted as potential merger partners.
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Citigroup  will announce plans to cut payrolls by 17,000 to 24,000 people when it reports earnings on Tuesday, CNBC television reported on Monday, adding that the layoffs could take place over a year.
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Citigroup is hoping that Gary L. Crittenden will bring the credibility and operational expertise needed to reverse the bankâs disappointing performance.
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The move raises the possibility that Carl C. Icahn, the activist investor, may be planning to agitate for change at the company.
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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 C.N said on Friday.
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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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London and Tokyo - Citigroup, the world&#39;s biggest bank, said yesterday that it should have considered its clients before flooding Europe&#39;s MTS electronic market with bond sales last month and profiting on the price decline.
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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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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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Visa, the world's largest credit card network, on Tuesday said it hired Hans Morris from Citigroup Inc.  to fill the new position of president of Visa Inc., which is planning to go public by early next year.
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NEW YORK - Citigroup Inc has forced three senior executives to leave the company in connection with a scandal involving its private-banking operations in Japan, US media reported Tuesday.