Citigroup plans to cut 20,000 jobs globally by 2026

15 Jan 2024

US banking and financial services giant Citigroup is planning to lay off 20,000 of its workforce - roughly 8 per cent of its 239,000 global headcount by 2026, as part of a mega restructuring.

Citigroup CFO reveals $1 billion cost for massive restructuring

07 Dec 2023

Mark Mason, Chief Financial Officer of Citigroup, disclosed that the bank’s extensive restructuring is expected to incur charges of approximately $1 billion for restructuring and severance.

Citigroup considers significant job cuts in its ongoing CEO-backed restructuring

07 Nov 2023

Citigroup's top management, working under CEO Jane Fraser's reorganization initiative, has reportedly contemplated job cuts of at least 10% in key business segments.

Woman at the Helm of Financial Powerhouse Citi

24 Sep 2020

Jane Fraser has been elected to the board of directors of Citigroup, and will take over from Corbat when he retires from Citi and steps down from its board of directors in February 2021

Jane Fraser named first woman CEO of Citigroup

14 Sep 2020

Fraser, currently Citi’s president and CEO of global consumer banking, will succeed Corbat as CEO in February, and she has been elected to the board of directors, with service beginning immediately

Citigroup to refund $330 mn due to overcharging credit card accounts

24 Feb 2018

Citi India bans use of its cards for cryptocurrency purchases

14 Feb 2018

Citigroup to sell Argentinean consumer business to Banco Santander Rio

10 Oct 2016

Citigroup to sell consumer banking assets in Brazil to Itaú Unibanco

10 Oct 2016

Costco, deluged with complaints over Citibank's Costco Anywhere Visa cards

24 Jun 2016

Guy Hands drops £1.5 billion fraud claim against Citigroup

11 Jun 2016

Citigroup Inc to cut 2,000 jobs starting next month

21 Dec 2015

Citi MD Ashish Mehrotra appointed MD & CEO, Max Bupa

18 Nov 2015

Citibank managing director and retail head Ashish Mehrotra will take over as Max Bupa Health Insurance's managing director and CEO

China’s woes could trigger global recession, warns Citi economist

10 Sep 2015

A `hard landing’ by the slowing Chinese economy and a downturn in the commodity markets combined with the US Federal Reserve’s move to push up interest rates could plunge the world economy into recession in the next two years

Citibank fined $700 mn over illegal credit card practices

23 Jul 2015

The regulators’ investigations revealed that Citibank marketed these products deceptively to consumers who did not realise they were both applying for credit card and purchasing debt-protection coverage

Citigroup may plead guilty in rate-rigging case

12 May 2015

Citigroup Inc, the third-largest bank in the United States, said in a filing on Monday it could plead guilty to charges of rigging foreign currency markets to make quick profits

Citigroup reports highest quarterly profit since financial crisis

17 Apr 2015

Polaris appoints Citi's Sanjay Vatsa as chief strategy officer

16 Apr 2015

Costco ends AmEx alliance, partners with Citi, Visa

03 Mar 2015

Citigroup Inc to dump consumer banking in 11 markets: reports

15 Oct 2014

Citi to settle US mortgage scam probe for $7 bn

14 Jul 2014

Citigroup is the second major bank to settle charges over the sale and packaging of toxic home loans, after JPMorgan Chase & Co

Citigroup, BofA likely to face US Justice Dept lawsuits

14 Jun 2014

The US Justice Department mulls lawsuits against the Citigroup and Bank of America over their sale of residential mortgage-backed securities after settlement talks broke down this week

Banco Ficohsa acquires Citibank de Honduras and Cititarjetas de Honduras

08 Apr 2014

Citigroup to pay $1.13 bn to settle residential mortgage claims

08 Apr 2014

The settlement offer would relieve Citi from having to buy back mortgages sold to the trusts, but would not cover home loans sold through private-label securitisation trusts by Citi's consumer mortgage business

Citigroup reports $400-mn fraud at Mexico subsidiary

01 Mar 2014