Page 5 - Echo Wang News Today

Citigroup employees expect the bank to announce layoffs and senior management changes on Monday as part of its biggest reorganization in decades, according to five sources with knowledge of the...

The logo for Citibank is seen on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, United States on August 3, 2021.

The Citibank logo is seen on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 3, 2021. REUTERS/Andrew Kelly

The logo for Citibank is seen on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, United States on August 3, 2021.

NEW YORK (Reuters) -Citigroup employees expect announcements about management changes and layoffs on Monday in the next phase of the bank’s sweeping reorganization, according to four people familiar with the situation. Employees are awaiting more details about the scale of layoffs at the bank, which employs 240,000 people worldwide. Citigroup declined to comment.

NEW YORK (Reuters) -Citigroup employees expect announcements about management changes and layoffs on Monday in the next phase of the bank’s sweeping reorganization, according to four people familiar with the situation. Employees are awaiting more details about the scale of layoffs at the bank, which employs 240,000 people worldwide. Citigroup declined to comment.

China Investment Corp (CIC) has hired a new North America head for its New York office, two people familiar with the matter said, filling a months-long vacancy and showing the sovereign wealth fund wants to maintain the outpost despite flaring U.S.-Sino tensions. New York is the $1.35 trillion fund's only office outside mainland China besides Hong Kong. Since then, Washington has cracked down on many Chinese investments it deems a national security risk.

China Investment Corp has hired a new North America head for its New York office, two people familiar with the matter said, filling a months-long vacancy and showing the sovereign wealth fund wants...

By Echo Wang NEW YORK (Reuters) - China Investment Corp (CIC) has hired a new North America head for its New York office, two people familiar with the...

Securities firm China International Capital Corp sees increased opportunities in Brazil for cross-border deals and may consider opening an office in the country, Lindsay Lin, CICCs Head of...