Citigroup slashes banker promotions in cost-cutting drive
Citigroup Slashes Year-end Promotions Amid Cost-cutting Drive
Citigroup plans to significantly reduce the number of year-end promotions to curb costs during its ongoing restructuring, the Financial Times reported on Tuesday.According to the report, only 2,000 employees are expected to receive pay hikes and title changes in the next month,
Citi's valuation metrics indicate a mixed picture: a high P/E ratio suggests accounting risks, but a low P/B ratio offers a ...
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Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock’ ahead.‘We’re seeing the big unlock with M&A …. It’s going to be pretty active.’ — Citigroup Chief Executive Jane Fraser ...
China's Vice-Premier He Lifeng met Citigroup CEO Jane Fraser in Beijing on Thursday, underscoring efforts to open up the ...
Citigroup is a strong value play with potential for further gains, low valuation metrics, and a promising dividend yield. See ...
Wall Street profits have marched higher, even when Washington was cracking down on deals. Now financiers are “dancing in the ...
(Reuters) -Citigroup's wealth unit has greenlit special retention bonuses for dozens of personnel this year as the Wall ...
As few as 2,000 employees could receive pay and title bumps in the next month, down from about 8,000 in previous rounds ...
Citigroup Inc. Chief Executive Officer Jane Fraser said that clients who’d been waiting on the sidelines to do deals are focused on moving forward with mergers and acquisitions as they see that ...
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