Scandal-hit Citigroup ditches three bosses
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Citigroup has removed three senior executives, including Sir Deryck Maughan, its British-born vice-chairman, following a scandal which has forced the closure of one of the bank&#39;s Japanese businesses.
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Charles O. Prince, the chief executive of Citigroup, is on a campaign to revamp the banking giant's culture after a financial scandal in Japan tainted its reputation.
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WASHINGTON : US banking giant Citigroup Inc has ousted three senior executives after Japanese regulators last month ordered it to shutter its private banking operations in the country for violating banking laws.
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Citigroup Inc. , under pressure  to cut costs and boost a lackluster share price, promoted  corporate and investment banking head Robert Druskin to chief  operating officer on Monday.
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Three of 13 members quit over executive compensation issues.
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Citigroup Inc. C.N 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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Three top Citigroup 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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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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Citigroup Inc. , under pressure to cut costs and boost a lackluster share price, promoted corporate and investment banking head Robert Druskin to chief operating officer on Monday.
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Citigroup Inc., the financial services giant, said yesterday that it was removing three senior executives in the wake of a banking scandal in Japan.
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10/20/04- Citigroup reportedly has fired 3 senior executives in connection with a scandal involving its private banking operations in Japan.
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Citigroup Inc. C.N, the world's  largest financial services company, on Friday said it will  consolidate its capital markets funding business into two  parts, and simplify the company's legal structure.
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In a move Citigroup Inc. said was aimed at broadening the experience of up-and-coming executives, two of its top managers are swapping jobs.
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The chief executive of Citigroup has taken a number of symbolic steps to address concerns by investors that his company is too immense to manage.
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Citigroup Inc. shares on Monday  suffered their biggest one-day percentage decline in 18 months  after a prominent Wall Street analyst downgraded the world's  largest financial services company, citing a string of recent  ethics problems.
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Citigroup Inc., the world&#39;s largest bank, was forced to shut its private banking operations in Japan after ``serious&#39;&#39; breaches were found by the nation&#39;s financial regulator.
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Three of Citigroup&#39;s most senior executives are to leave the Wall Street heavyweight following the closure of its Japanese operations, reports say.