As Citigroup downsizes, chief executive Vikram Pandit announced today he is installing new senior managers at the company's top ranks.
Citigroup Inc on Thursday announced its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.
Even if President Lula da Silva is wrong when he said God must be Brazilian, the country is still experiencing miracles in terms of its notable economic progress while a greater part of the world has lagged due to the economic recession.
U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission's thinking told Reuters on Tuesday.
U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission's thinking told Reuters on Tuesday.
The U.S. banking industry played down the Obama administration's proposals on Monday for the most wrenching regulatory changes since the Great Depression as just that -- proposals.
Citigroup Inc's chairman said on Monday the bank may find it harder to retain and attract top employees while the bank is holding on to federal bailout money.
Citigroup Corp. announced a finalized deal with the U.S. government on Wednesday that could add up to $58 billion in common equity to the company, with chief executive Vikram Pandit saying the move would make the bank among the best capitalized in the world.
Citigroup Inc's relationship with the Federal Deposit Insurance Corp is frayed, sources told Reuters, and the regulator wants to replace Chief Executive Vikram Pandit, the Wall Street Journal reported.
Citigroup Inc's relationship with the Federal Deposit Insurance Corp is frayed, sources told Reuters, and the regulator wants to replace Chief Executive Vikram Pandit, the Wall Street Journal reported.
U.S. stock index futures pointed to a higher open on Friday as investors awaited key monthly data on the labor market.
U.S. stock index futures pointed to a higher open on Friday as investors awaited key monthly data on the labor market.
The Federal Deposit Insurance Corp is aiming at a shake-up of Citigroup Inc's top management, including replacing Chief Executive Vikram Pandit, the Wall Street Journal said, citing people familiar with the matter.
U.S. stock index futures pointed to a higher open on Wall Street on Friday, ahead of key monthly jobs data.
U.S. stock index futures pointed to a higher open on Wall Street on Friday, ahead of key monthly jobs data.
Citigroup Inc's run of ignominy has now come to this: losing its coveted spot in the Dow Jones industrial average to a former unit.