[ad_1] Citigroup‘s first-quarter profit fell 27% but beat market expectations on Friday, while taking a $483 million charge tied to CEO Jane Fraser’s sweeping reorganization. Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said on Friday. That compares with $4.6 billion, or $2.19 per…
[ad_1] The bank has recently taken steps to crack down on bad behaviour. Bankers from Citigroup Inc. were partying with clients one night in May 2018 at a downtown Manhattan hot spot called Catch. One of them, a recent college grad, had landed in the equities division for her two-year rotational program at the bank…
[ad_1] Citigroup Inc has announced a major restructuring plan under CEO Jane Fraser‘s leadership, aiming to eliminate 20,000 roles. This move, integral to Fraser’s strategy, is expected to save the company as much as $2.5 billion, positioning it for stronger returns in the coming years.Challenging timesDespite the planned savings, Citigroup braces for immediate costs.”In the…
[ad_1] As the carbon offset market gets a new lease on life from the COP28 climate summit in Dubai, bankers from Wall Street and the City of London are positioning themselves to get a chunk of the dealmaking they say is coming.Banks that have been building up carbon trading and finance desks include Goldman Sachs…
