Citigroup to cut bonuses for top executives after U.S. reprimand
Citigroup will reduce bonuses for dozens of its top executives after the bank was reprimanded by regulators last year.
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Citigroup will reduce bonuses for dozens of its top executives after the bank was reprimanded by regulators last year.
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Citigroup Inc. (NYSE:C) is a New York-based financial services company founded in 1812. It is one of the leading banks in the U.S., offering a range of...
Mortgage Business 19 January 2021 The global bank has merged the wealth management teams in global consumer banking and institutional clients divisions to form a single wealth management organisation. Citi has unified the wealth teams from its global consumer banking and its institutional clients group to form a new wealth unit, Citi Global Wealth. The single integrated platform now includes Citi Private Bank and Citi Personal Wealth Management businesses. Citi Private Bank serves more than 13,000 ultra-high-net-worth clients, wi...
The bank posted profits of $11.4bn in 2020, as strong investment banking results were offset by a difficult year for its consumer unit