Citi equities insiders on the real problem: London management; poor promotions
Insiders on Citi's equities team have suggestions on how to clear things up.
Stay updated with breaking news from Dan Keegan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Insiders on Citi's equities team have suggestions on how to clear things up.
Citi's equities team is mired in complaints.
Bankers from Citigroup Inc. were partying with clients one night in May 2018 at a downtown Manhattan hot spot called Catch.
Citigroup, which three years ago made history by appointing Jane Fraser as the first female CEO of a major US bank, has led rivals on many measures of a more equitable culture. Yet behaviour at the NY unit stands out even in an industry that struggles to make women feel welcome.
Over at least a decade, Citigroup employees openly ogled female colleagues, rated them by their looks and bragged about their sexual conquests.