Citigroup Slashes Year-end Promotions Amid Cost-cutting Drive
Citigroup plans to significantly reduce the number of year-end promotions to curb costs during its ongoing restructuring, the Financial Times reported on Tuesday.According to the report, only 2,000 employees are expected to receive pay hikes and title changes in the next month,
Citigroup is a strong value play with potential for further gains, low valuation metrics, and a promising dividend yield. See ...
But to the annoyance of senior managers, little was delivered. In the midst of that dysfunction, Chief Executive Officer ...
His abrupt personnel changes rankled some executives, prompting bankers to defect. In response, Citigroup offered dozens of retention bonuses to staff, particularly in the Wealth at Work unit and to ...
Citi's valuation metrics indicate a mixed picture: a high P/E ratio suggests accounting risks, but a low P/B ratio offers a ...
China's Vice-Premier He Lifeng met Citigroup CEO Jane Fraser in Beijing on Thursday, underscoring efforts to open up the ...
Wall Street profits have marched higher, even when Washington was cracking down on deals. Now financiers are “dancing in the ...
(Reuters) -Citigroup's wealth unit has greenlit special retention bonuses for dozens of personnel this year as the Wall ...
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