Citigroup

  • 14 Apr 2014 at 10:13 AM

Layoffs Watch ’14: Citi

The House of Corbat has asked a few employees to turn in their ID badges and not come back, unless they’re looking to open a checking account, in which case, mi casa es su casa. Read more »

  • 04 Apr 2014 at 1:29 PM
  • Banks

Scapegoat Watch ’15: Citigroup Stress Tests

The trauma of having your allowance withheld by the Federal Reserve is bad enough. What’s worse is having the failure laid squarely at the feet of two top officials who you’ll be sharing an elevator with for the foreseeable future.

Mike Corbat won’t be making the same mistake next year. Read more »

On October 16, 2013, Mike Mayo wrote the following in a report to clients: “Citi is now more on the right long-term track than at anytime in the past decade.” It was a remarkable line because, as Mayo himself noted, “nobody’s been more negative on [Citi] than me.” That negativity has included:

But five months without demanding a senior exec pack up his things leave is a long time, far long enough some might say, so now this is happening: Read more »

  • 21 Mar 2014 at 3:38 PM
  • Banks

Manuel Medina-Mora Has A New Problem

Mexican senators would like to have a little chat with the Citigroup executive, re: a certain massive fraud. Or at least embarrass the bank (a little bit more) by making him decline the invitation. Read more »

You’ll get yours in due time, provided your record turns up clean/you didn’t do any favors for any big boys. Read more »

  • 17 Mar 2014 at 1:22 PM
  • Banks

Bonus Watch ’14: Citigroup

Everyone, from Mike Corbat on down, had better be on their best behavior this year. Read more »

But he does have to explain himself to Senate banking committee, several members of which have taken issue with his 3-year internship under Chuck Prince at Citigroup. Read more »