Feb 28, 2013 EU officials have announced an agreement that would restrict the amount bankers can receive as as bonus.
Feb 26, 2013 Wall Street paid out an estimated $20 billion in bonuses last year, as trading profits surge. Still banks are warning of more layoffs.
Feb 13, 2013 Apple is to respond to a lawsuit claiming it should distribute more cash to shareholders. CEO Tim Cook calls the suit a “silly sideshow.”
Dec 5, 2012 This morning Citi says that total is about to shrink -- 11,000 job cuts worldwide in the next year or two, some of them at least here in the U.S.
Nov 12, 2012 Citigroup has not come roaring out of the financial crisis like Goldman Sachs or JPMorgan Chase. Some analysts think the problems at Citigroup are inherent to the "one-stop-shopping" business model that Citigroup pioneered in the 1990s.
Oct 18, 2012 Yesterday, Vikram Pandit, the head of Citigroup, suddenly resigned saying it was time for new leadership. Pandit has been replaced by Michael Corbat, who was previously leading the bank's Europe, Middle East and Africa division.
Oct 16, 2012 A sudden change of leadership at Citigroup raises new questions about the future of the embattled banking giant.
Oct 16, 2012 Vikram Pandit is stepping down as CEO of Citigroup. He'll be replaced by Michael Corbat, who runs some of the banks overseas divisions.
Sep 27, 2012 While consumer confidence may be higher, business executives are less bullish
Aug 30, 2012 Citigroup pays up for past deeds. Earlier this week, we learned the SEC is investigating Ally Financial for its own mortgage practices around that time.