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Employee Retention
78% of CFOs Say Quiet Quitting is a Problem: Weekly Stat
Strategies around talent recruitment and retainment are a principal focus for CFOs, according to a new study by CFO.
By
Adam Zaki
| February 1, 2023
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Citigroup
Risk Management
Citigroup Fined $400M Over Risk System Defects
“The public rebuke marks a major escalation of regulators’ efforts to get Citigroup to fix its risk systems."
By
Matthew Heller
| October 8, 2020
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IPOs
Consumers Boost Citigroup’s Second-Quarter Performance
The first major bank earnings report demonstrates consumers may be key to the second-quarter profits of the largest financial institutions.
By
Vincent Ryan
| July 15, 2019
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People
CFOs on the Move: Week Ending March 1
Citigroup, Kaiser Aluminum, MGM Resorts International, Marshall Space Flight Center, Tupperware Brands, Clear Channel Outdoor Holdings
By
Joan Urdang
| March 1, 2019
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Financial Performance
Market Volatility Reduces Citigroup Revenue
The year-end gyrations on Wall Street pushed corporate and investor clients to “the sidelines, waiting for some clearer market conditions."
By
Matthew Heller
| January 15, 2019
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Risk & Compliance
Visa, Mastercard Settle Long-Running Fee Suit
The companies said they have already set aside funds to cover the penalty.
By
William Sprouse
| September 19, 2018
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People
CFOs on the Move: Week Ending Sept. 7
Citigroup, CalPERS, NCR, Talend, Tierra Nueva Technologies, Lantheus Holdings, Advance Auto Parts, At Home Group, Evertec, CSS Industries
By
Joan Urdang
| September 7, 2018
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Fraud
SEC Charges Citigroup for Internal Controls Failure
A Citigroup subsidiary failed to detect fraudulent invoices and work estimates in a receivables factoring program for an oil industry provider.
By
Vincent Ryan
| August 16, 2018
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Investment Banking
Citigroup Profits Beat Estimates, But Revenue Misses
A lower effective tax rate gave the bank a significant net income boost.
By
William Sprouse
| July 13, 2018
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Payments
Citi Plans Push For Digital Deposits
“People are willing to switch to a bank that is able to provide this kind of mobile-first experience,” said a Citigroup executive.
By
William Sprouse
| July 9, 2018
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Social Media
Snap Stock Slides After Kylie Jenner Outburst
The reality TV star said she's stopped using Snapchat but it's unclear that she single-handedly wiped more than $1 billion off Snap's market value.
By
Matthew Heller
| February 22, 2018
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Tax
Citigroup Takes $22B Charge on Tax Law Adjustments
The bank's earnings excluding the tax items beat estimates, with consumer banking posting a particularly strong quarter.
By
Matthew Heller
| January 17, 2018
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Investment Banking
Citigroup Profit up 8% to $4.1B, Earnings Beat
Every business in Citi's investment banking unit saw healthy growth in the third quarter except fixed-income trading.
By
Matthew Heller
| October 13, 2017
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Risk & Compliance
Do Stress Tests Help Bank Stocks?
The answer is unequivocally no, according to noted bond analyst Christopher Whalen, who calls them "a monumental waste of time and money."
By
Christopher Whalen
| June 28, 2017
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Risk & Compliance
Citigroup Unit Settles Money Laundering Probe
Banamex USA will pay $97.4 million to resolve allegations that it failed to properly monitor millions of dollars in remittance payments to Mexico.
By
Matthew Heller
| May 22, 2017
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Investment Banking
Citi Earnings Beat Estimates With 17% Gain
“The momentum we saw across many of our businesses towards the end of last year carried into the first quarter," CEO Michael Corbat says.
By
Matthew Heller
| April 13, 2017
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