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Citigroup To Cut 3,500 Tech Jobs In China Amid Global Restructuring
Citigroup is set to cut 3,500 tech jobs in China as part of a global effort to streamline operations and reduce costs, focusing on enhancing risk management and data governance.
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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
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Some US Banks Explore Venturing into Crypto with Joint Stablecoin: Report
Some of the largest banks in the US are exploring whether to team up to issue a joint stablecoin. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are reportedly part of the discussions.
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Citigroup Credited $81 Trillion In Account Instead Of $280 By Mistake: Report
Citigroup accidentally credited an account with $81 trillion instead of $280 as it meant to before catching the error, the Financial Times reported.
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Inside The Citigroup Unit That Was Plagued By Harassment, Drugs For Years
Bankers from Citigroup Inc. were partying with clients one night in May 2018 at a downtown Manhattan hot spot called Catch.
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Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
-
"No Wonder Why Hitler...": Citibank Employee Fired Over Anti-Israel Post
Citigroup stated that they strongly condemn antisemitism and other hate speech.
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"Deliver Changes Or...": Citigroup CEO's Stern Message To Employees Amid Job Cut Talks
Earlier this month, Citigroup CEO Jane Fraser told investors in New York that the management has taken "hard, consequential, tough decisions"
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Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report
Reliance Jio Infocomm is reportedly gearing up to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment. The contract could be signed as early as Thursday in Helsinki, Finland. HSBC, JP Morgan and Citigroup are reportedly backing Jio's 5G-related purchases.
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Wall Street's Biggest Banks Failing Key Green Test in Fresh Study
The six biggest banks on Wall Street are failing to live up to a key plank of their ESG commitments to stakeholders, according to a joint study published on Wednesday.
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US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
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US Woman Reapplies To Her Own Job After Company Posts Ad For Same Position With Higher Salary
Kimberly Nguyen holds the position of UX writer on a contract basis for Citigroup. She noticed that her employer posted a job listing the same role and realised that the firm was offering way more than what she currently earns.
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Citigroup Raises CEO Jane Fraser's Salary To $24.5 Million
Ms Fraser's pay rise has made her the only big US bank boss to receive a bump amid a challenging year for the industry.
-
Spotify Shares Rise After Reports of Activist Investor ValueAct Taking Stake
ValueAct Capital Management has taken a stake in Spotify Technology SA, at a time when the audio streaming company is looking to cut costs. "We welcome ValueAct as an investor in Spotify," a spokesperson for the Swedish company said on Friday, without disclosing further details on the investment.
-
US Banking Giants Face Over $1 Billion in Fines Over Unauthorised Email, WhatsApp Use
Major US banks like JP Morgan Chase and Bank of America face upwards of $1 billion (roughly Rs. 8,000 crore) in fines, according to recent disclosures. The banks are being probed by the US Securities and Exchange Commission and the US Commodity Futures Trading Commission over employees' use of unapproved messaging tools like email and WhatsApp. Her...
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Citigroup To Cut 3,500 Tech Jobs In China Amid Global Restructuring
Citigroup is set to cut 3,500 tech jobs in China as part of a global effort to streamline operations and reduce costs, focusing on enhancing risk management and data governance.
-
Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
-
Some US Banks Explore Venturing into Crypto with Joint Stablecoin: Report
Some of the largest banks in the US are exploring whether to team up to issue a joint stablecoin. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are reportedly part of the discussions.
-
Citigroup Credited $81 Trillion In Account Instead Of $280 By Mistake: Report
Citigroup accidentally credited an account with $81 trillion instead of $280 as it meant to before catching the error, the Financial Times reported.
-
Inside The Citigroup Unit That Was Plagued By Harassment, Drugs For Years
Bankers from Citigroup Inc. were partying with clients one night in May 2018 at a downtown Manhattan hot spot called Catch.
-
Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
-
"No Wonder Why Hitler...": Citibank Employee Fired Over Anti-Israel Post
Citigroup stated that they strongly condemn antisemitism and other hate speech.
-
"Deliver Changes Or...": Citigroup CEO's Stern Message To Employees Amid Job Cut Talks
Earlier this month, Citigroup CEO Jane Fraser told investors in New York that the management has taken "hard, consequential, tough decisions"
-
Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report
Reliance Jio Infocomm is reportedly gearing up to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment. The contract could be signed as early as Thursday in Helsinki, Finland. HSBC, JP Morgan and Citigroup are reportedly backing Jio's 5G-related purchases.
-
Wall Street's Biggest Banks Failing Key Green Test in Fresh Study
The six biggest banks on Wall Street are failing to live up to a key plank of their ESG commitments to stakeholders, according to a joint study published on Wednesday.
-
US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
-
US Woman Reapplies To Her Own Job After Company Posts Ad For Same Position With Higher Salary
Kimberly Nguyen holds the position of UX writer on a contract basis for Citigroup. She noticed that her employer posted a job listing the same role and realised that the firm was offering way more than what she currently earns.
-
Citigroup Raises CEO Jane Fraser's Salary To $24.5 Million
Ms Fraser's pay rise has made her the only big US bank boss to receive a bump amid a challenging year for the industry.
-
Spotify Shares Rise After Reports of Activist Investor ValueAct Taking Stake
ValueAct Capital Management has taken a stake in Spotify Technology SA, at a time when the audio streaming company is looking to cut costs. "We welcome ValueAct as an investor in Spotify," a spokesperson for the Swedish company said on Friday, without disclosing further details on the investment.
-
US Banking Giants Face Over $1 Billion in Fines Over Unauthorised Email, WhatsApp Use
Major US banks like JP Morgan Chase and Bank of America face upwards of $1 billion (roughly Rs. 8,000 crore) in fines, according to recent disclosures. The banks are being probed by the US Securities and Exchange Commission and the US Commodity Futures Trading Commission over employees' use of unapproved messaging tools like email and WhatsApp. Her...
