Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Citi: Substantial problems

Citigroup Chief Executive Officer Jane Fraser, who oversees one of the world's biggest investment banks, is under pressure to improve controls after multiple probes revealed what regulators have said are substantial problems.

https://m-economictimes-com.cdn.ampproject.org/c/s/m.economictimes.com/news/international/business/citigroup-struggled-to-monitor-uk-traders-reaping-3-1-billion-fca/amp_articleshow/93683693.cms

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| 1519 views | | 6 replies (last )
Post ID: @OP+1ij18mx8

6 replies (most recent on top)

That in itself is a problem. The fact that this is so prevalent with Citi that its “the norm”. Trading ethics, yeah, right. Risk controls, where are they?

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Post ID: @4mwi+1ij18mx8

We’ve been under consent orders for some time, how is this newsworthy?

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Post ID: @4omq+1ij18mx8

We should double down on focusing more on our ESG public image, that’ll fix it. Our oversight and regulatory problems will be over. We should increase our weekly ESG update emails to twice a week to start.

No, I have absolutely no idea what it takes to run a trillion $ bank but then again, I’m not being paid 22 million per year to know either.

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Post ID: @1ill+1ij18mx8

It’s a little hard to claim to be a leader in wealth management in light of all the fines.

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Post ID: @yhs+1ij18mx8

No wonder why overall rewards such as raises or bonuses are sparse.

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Post ID: @wip+1ij18mx8

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