Citigroup Makes Fresh Round of Layoffs in Jane Fraser’s Restructuring Plan

[ad_1] Updated Nov. 20, 2023 11:52 am ET Citigroup began making an extensive round of layoffs and organizational changes, part of Chief Executive Jane Fraser’s efforts to streamline the sprawling…

Citigroup Fined for Discriminating Against Armenian Americans

[ad_1] Updated Nov. 8, 2023 10:46 am ET Citigroup was fined more than $25 million for discriminating against Armenian Americans and blocking them from getting credit cards. The bank’s employees…

Citi to Pay $25.9M For Discriminating Against Armenian-American Credit Card Applicants

[ad_1] Citigroup will pay $25.9 million in fines and redress to consumers after illegally discriminating against credit card applicants that the bank identified as Armenian American, according to the Consumer…

Wall Street CEOs Flocked to Hong Kong—and Kept Quiet on China

[ad_1] HONG KONG—When some of Wall Street’s most powerful executives assembled in Hong Kong this week, one topic was noticeable by its absence: China. The chief executives of U.S. banks…

Citi to Cardholders: Go Paperless or Else

[ad_1] Some Citigroup credit-card customers are getting a stark warning from the bank: Go paperless or lose access to your online account.   Banks and credit-card companies have been nudging customers…

Why Jamie Dimon Changed His Mind on Europe

[ad_1] Updated Nov. 2, 2023 12:03 am ET LONDON—Not long ago, JPMorgan Chase Chief Executive Jamie Dimon insisted the Wall Street giant would never get into retail banking in Europe.…

Ride the Mobile Commerce Wave with Jorge Zuiga Blanco: Seizing the Future of eCommerce on Smartphones

[ad_1] Jorge Zuiga Blanco, an eCommerce visionary and digital marketing expert, is leading the charge into the future of online shopping. With the proliferation of smartphones, mobile commerce…

Smaller Banks Look to Shrink Their Way Back to Health

[ad_1] Regional banks have shelled out more and more to depositors to get them to stick around. For many, that still hasn’t been enough.  After an ugly third quarter, banks…

Paris won the race for banking jobs after Brexit. What’s next?

[ad_1] Frankfurt was ready to celebrate. Only a year after the 2016 Brexit referendum, the vast majority of US banks had set up their EU hubs in the German city.…

Wall Street’s Green Shoots Risk Wilting

[ad_1] Bankers tend to turn into gardeners when talking about the continuing dearth of mergers and other investment-banking deals. They mention “green shoots,” in the form of an acquisition here,…