Citi removes EU-imposed bonus cap for top London bankers August 14, 2024 Citigroup has become the latest Wall Street bank to scrap an EU-imposed bonus cap, paving the way for it to award bigger payouts to some of its top London staff.
Citi set to become latest Wall Street bank to scrap UK bonus cap August 11, 2024 Wall Street giant Citigroup is set to become the latest US bank to remove an EU-imposed bonus cap for hundreds of its top London staff, following in the footsteps of its biggest rivals.
Citi capitalises on investment banking rebound as Jane Fraser’s overhaul in focus July 12, 2024 Citi outperformed expectations in the second quarter as the bank was lifted by a strong investment banking performance and lower costs.
Citi was drug trafficking duo’s favourite bank, DEA officials say July 1, 2024 Senior US law enforcement officials have argued a pair of drug traffickers opted to launder money through Citigroup as they considered the bank's fraud controls "more favourable".
Millions or billions? Citi fined £62m after trader gets mixed up May 22, 2024 The UK's banking and financial regulators have slapped Wall Street titan Citigroup with a £61.6m fine for trading systems and controls failures.
Jane Fraser’s overhaul marks Citi results as profits hit by severance costs April 12, 2024 Citi's results continued to bear the impression of Jane Fraser's restructuring plans, as profit fell sharply compared to the year before.
Big US banks JPMorgan, Citi and Wells Fargo to benefit from slower Fed interest rate cuts April 9, 2024 JP Morgan, Citi and Wells Fargo will all update investors on their performance so far this year with attention likely to be firmly fixed on their guidance for the year.
Barclays and Citi reportedly prepare for investment bank job cuts amid dealmaking slump March 21, 2024 Banking giants Barclays and Citigroup are reportedly preparing to cut jobs in their investment banking divisions as the sector grapples with a slowdown in dealmaking.
Citi’s investment banking market share drops to lowest level since 2000 February 27, 2024 Citigroup's share in the global investment banking market fell to its lowest level on record last year, according to new data, as investors demand for the bank to catch up to its Wall Street rivals.