All posts - Tag: Citigroup
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Citigroup's Costly Mistake: Nearly Unloading $189 Billion of Stocks in Fat-finger Trade
Citigroup faces a hefty £62 million ($79 million) fine from UK regulators due to trading system failures. The incident almost led to the accidental dumping of stocks valued at $189 billion on European...
Mass Layoffs Ahead: Citigroup to Slash 20,000 US Jobs
Citigroup plans to slash 20,000 jobs in the US within two years, following a dire Q4 2023 with a net loss of $18 billion – the worst in 15 years
Bank CEOs Increasingly Concerned: Is a Recession Looming?
Citigroup CEO Jane Fraser joins a rising number of bank CEOs sounding the alarm about an impending recession
