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Inside The Citigroup Unit That Was Plagued By Harassment, Drugs For Years
Bankers from Citigroup Inc. were partying with clients one night in May 2018 at a downtown Manhattan hot spot called Catch.
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Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
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"No Wonder Why Hitler...": Citibank Employee Fired Over Anti-Israel Post
Citigroup stated that they strongly condemn antisemitism and other hate speech.
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"Deliver Changes Or...": Citigroup CEO's Stern Message To Employees Amid Job Cut Talks
Earlier this month, Citigroup CEO Jane Fraser told investors in New York that the management has taken "hard, consequential, tough decisions"
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Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report
Reliance Jio Infocomm is reportedly gearing up to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment. The contract could be signed as early as Thursday in Helsinki, Finland. HSBC, JP Morgan and Citigroup are reportedly backing Jio's 5G-related purchases.
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Wall Street's Biggest Banks Failing Key Green Test in Fresh Study
The six biggest banks on Wall Street are failing to live up to a key plank of their ESG commitments to stakeholders, according to a joint study published on Wednesday.
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US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
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US Woman Reapplies To Her Own Job After Company Posts Ad For Same Position With Higher Salary
Kimberly Nguyen holds the position of UX writer on a contract basis for Citigroup. She noticed that her employer posted a job listing the same role and realised that the firm was offering way more than what she currently earns.
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Citigroup Raises CEO Jane Fraser's Salary To $24.5 Million
Ms Fraser's pay rise has made her the only big US bank boss to receive a bump amid a challenging year for the industry.
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Spotify Shares Rise After Reports of Activist Investor ValueAct Taking Stake
ValueAct Capital Management has taken a stake in Spotify Technology SA, at a time when the audio streaming company is looking to cut costs. "We welcome ValueAct as an investor in Spotify," a spokesperson for the Swedish company said on Friday, without disclosing further details on the investment.
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US Banking Giants Face Over $1 Billion in Fines Over Unauthorised Email, WhatsApp Use
Major US banks like JP Morgan Chase and Bank of America face upwards of $1 billion (roughly Rs. 8,000 crore) in fines, according to recent disclosures. The banks are being probed by the US Securities and Exchange Commission and the US Commodity Futures Trading Commission over employees' use of unapproved messaging tools like email and WhatsApp. Her...
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Axis Capital Among 5 Bankers To Manage Centre's Hindustan Zinc Stake Sale
ICICI Securities, Axis Capital and Citigroup Global Markets are among the five investment bankers selected to manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd, an official said on Tuesday.
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Vietnam's VinFast Taps Banks For $4 Billion EV Factory Funding Deal
Vietnam carmaker VinFast said it has tapped Credit Suisse and Citigroup to raise at least $4 billion to build its planned electric vehicle factory in North Carolina and fund its U.S. expansion.
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India Inflation May Cool Down Over Recession In Advanced Economies
Recessions in advanced economies may benefit India in a "perverse way" as a moderation in global commodities prices will help cool domestic inflation
-
Goldman Sachs, Citigroup, Bridgewater Leaders Imagine Markets In 2052
Bloomberg Markets asked some finance industry leaders for their best guesses about what might drive the biggest changes between now and 2052
-
Inside The Citigroup Unit That Was Plagued By Harassment, Drugs For Years
Bankers from Citigroup Inc. were partying with clients one night in May 2018 at a downtown Manhattan hot spot called Catch.
-
Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
-
"No Wonder Why Hitler...": Citibank Employee Fired Over Anti-Israel Post
Citigroup stated that they strongly condemn antisemitism and other hate speech.
-
"Deliver Changes Or...": Citigroup CEO's Stern Message To Employees Amid Job Cut Talks
Earlier this month, Citigroup CEO Jane Fraser told investors in New York that the management has taken "hard, consequential, tough decisions"
-
Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report
Reliance Jio Infocomm is reportedly gearing up to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment. The contract could be signed as early as Thursday in Helsinki, Finland. HSBC, JP Morgan and Citigroup are reportedly backing Jio's 5G-related purchases.
-
Wall Street's Biggest Banks Failing Key Green Test in Fresh Study
The six biggest banks on Wall Street are failing to live up to a key plank of their ESG commitments to stakeholders, according to a joint study published on Wednesday.
-
US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
-
US Woman Reapplies To Her Own Job After Company Posts Ad For Same Position With Higher Salary
Kimberly Nguyen holds the position of UX writer on a contract basis for Citigroup. She noticed that her employer posted a job listing the same role and realised that the firm was offering way more than what she currently earns.
-
Citigroup Raises CEO Jane Fraser's Salary To $24.5 Million
Ms Fraser's pay rise has made her the only big US bank boss to receive a bump amid a challenging year for the industry.
-
Spotify Shares Rise After Reports of Activist Investor ValueAct Taking Stake
ValueAct Capital Management has taken a stake in Spotify Technology SA, at a time when the audio streaming company is looking to cut costs. "We welcome ValueAct as an investor in Spotify," a spokesperson for the Swedish company said on Friday, without disclosing further details on the investment.
-
US Banking Giants Face Over $1 Billion in Fines Over Unauthorised Email, WhatsApp Use
Major US banks like JP Morgan Chase and Bank of America face upwards of $1 billion (roughly Rs. 8,000 crore) in fines, according to recent disclosures. The banks are being probed by the US Securities and Exchange Commission and the US Commodity Futures Trading Commission over employees' use of unapproved messaging tools like email and WhatsApp. Her...
-
Axis Capital Among 5 Bankers To Manage Centre's Hindustan Zinc Stake Sale
ICICI Securities, Axis Capital and Citigroup Global Markets are among the five investment bankers selected to manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd, an official said on Tuesday.
-
Vietnam's VinFast Taps Banks For $4 Billion EV Factory Funding Deal
Vietnam carmaker VinFast said it has tapped Credit Suisse and Citigroup to raise at least $4 billion to build its planned electric vehicle factory in North Carolina and fund its U.S. expansion.
-
India Inflation May Cool Down Over Recession In Advanced Economies
Recessions in advanced economies may benefit India in a "perverse way" as a moderation in global commodities prices will help cool domestic inflation
-
Goldman Sachs, Citigroup, Bridgewater Leaders Imagine Markets In 2052
Bloomberg Markets asked some finance industry leaders for their best guesses about what might drive the biggest changes between now and 2052
