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No Zoom On Friday! Companies Handle WFH Fatigue
It took a year of the pandemic but finally one of the world's biggest banks has acknowledged the huge toll that working remotely is taking on its staff. Jane Fraser, Citigroup Inc's chief executive officer, wants to ease Zoom fatigue and go back to regular working hours. That tells you how bad things have got - at investment banks and at large busi...
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Citi's $900 Million Mistake Happened In The Middle Of A Software Switch
For years Citigroup Inc. has been an anomaly among big banks, relying on an obscure piece of software it helped develop to manage loan payments. Just as the bank tried to replace it, things went terribly wrong.
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Citi Wired $900 Million In "Clerical Error", They Won't Hand Cash Back
Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman.
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Snap Royalty Kylie Jenner Helped Erase $1.3 Billion In One Tweet
Snap Inc.'s flagship platform has lost some luster, at least according to one social-media influencer in the Kardashian-Jenner clan. The Snapchat parent's shares sank as much as 7.2 percent Thursday, wiping out $1.3 billion in market value, on the heels of a tweet from Kylie Jenner, who said she doesn't open the app anymore.
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Late to the Party, Global Banks Try to Muscle Into India's Start-Up Boom
Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.
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Citigroup Sets Aside $600 Million More to Cover Legal Costs
Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries."
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Kodak gets 2013 deadline to reorganize
Eastman Kodak Co. has a little over a year to reshape its money-losing businesses and deliver a get-out-of-bankruptcy plan.
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Facebook wraps up IPO, set for big Friday pop
Facebook is selling an up to 18 percent stake in the company at a valuation of $104 billion.
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Citi unit lost $20 million in Facebook IPO - source
Citigroup's Automated Trading Desk had trading losses of about $20 million from Facebook's botched IPO on Nasdaq.
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Citi unit lost $20 million in Facebook IPO - source
Citigroup's Automated Trading Desk had trading losses of about $20 million from Facebook's botched IPO on Nasdaq.
-
No Zoom On Friday! Companies Handle WFH Fatigue
It took a year of the pandemic but finally one of the world's biggest banks has acknowledged the huge toll that working remotely is taking on its staff. Jane Fraser, Citigroup Inc's chief executive officer, wants to ease Zoom fatigue and go back to regular working hours. That tells you how bad things have got - at investment banks and at large busi...
-
Citi's $900 Million Mistake Happened In The Middle Of A Software Switch
For years Citigroup Inc. has been an anomaly among big banks, relying on an obscure piece of software it helped develop to manage loan payments. Just as the bank tried to replace it, things went terribly wrong.
-
Citi Wired $900 Million In "Clerical Error", They Won't Hand Cash Back
Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman.
-
Snap Royalty Kylie Jenner Helped Erase $1.3 Billion In One Tweet
Snap Inc.'s flagship platform has lost some luster, at least according to one social-media influencer in the Kardashian-Jenner clan. The Snapchat parent's shares sank as much as 7.2 percent Thursday, wiping out $1.3 billion in market value, on the heels of a tweet from Kylie Jenner, who said she doesn't open the app anymore.
-
Late to the Party, Global Banks Try to Muscle Into India's Start-Up Boom
Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.
-
Citigroup Sets Aside $600 Million More to Cover Legal Costs
Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries."
-
Kodak gets 2013 deadline to reorganize
Eastman Kodak Co. has a little over a year to reshape its money-losing businesses and deliver a get-out-of-bankruptcy plan.
-
Facebook wraps up IPO, set for big Friday pop
Facebook is selling an up to 18 percent stake in the company at a valuation of $104 billion.
-
Citi unit lost $20 million in Facebook IPO - source
Citigroup's Automated Trading Desk had trading losses of about $20 million from Facebook's botched IPO on Nasdaq.
-
Citi unit lost $20 million in Facebook IPO - source
Citigroup's Automated Trading Desk had trading losses of about $20 million from Facebook's botched IPO on Nasdaq.
