Citi's Corbat Builds Bridges with RegulatorsJanuary 07, 2013Citigroup's Michael Corbat has been meeting with bank regulators in his first months as CEO, as he looks to bolster relationships and finalize the bank's plan to return capital to shareholders.
Capital Markets Outlook 2013: Firms Will Focus On Reducing Data Center Costs in 2013November 02, 2012Data centers are enormous capital investments that require large operating budgets. In 2013, capital markets firms will continue to scrutinize their existing data centers, reduce operating costs and even selectively move some applications to third-party pr
Facebook IPO Fallout: Citi Fined $2 Million, Fires Two AnalystsOctober 29, 2012Citigroup fired its top Internet analyst, Mark Mahaney, and paid a $2 million fine to a Massachusetts regulator to settle charges that the bank improperly disclosed research on Facebook IPO.
Did the Ouster of Pandit Violate Securities Laws?October 26, 2012The news that Vikram Pandit's voluntary resignation as chief executive was really a boardroom ouster could trigger regulatory scrutiny.
Citi Fined $2 Mln By Massachusetts Over Facebook IPOOctober 26, 2012Massachusetts fined Citigroup
$2 million to settle charges that two bank analysts
improperly released confidential information about Facebook's
financials before the technology company went public.
Head of CEO Group Urges Compromise on U.S. Fiscal CliffOctober 16, 2012Arguing that uncertainty over Washington's year-end "fiscal cliff" is choking off investment, the head of the most prominent CEO lobbying group called on Congress to compromise.
Why Did Citi’s Vikram Pandit Suddenly Quit?October 16, 2012The abrupt departure of Pandit as well as Citi's COO, John Havens, has fueled speculation about what's been going on behind the scenes.
Big Funds Seek to Rein in Pay at Wall Street BanksOctober 05, 2012As banking profits have declined much more than executive pay, mutual funds and pension plans are stepping up pressure for increased pay cuts and additional layoffs at many financial services firms.
Citigroup CEO Shows Shaky, Skewed Recollection of the Financial CrisisAugust 23, 2012In a speech Vikram Pandit gave this week in Singapore, he basically congratulated himself and Citigroup’s executive team on restructuring the company after the financial crisis. But that's not exactly how things went down.
IT Skills Shortage? Quit WhiningMarch 01, 2012If "people are our most important resource," why do most employers offer little training and expect employees to show up "gift wrapped?" To counter the trend, JPMorgan, Citi, BofA and others getting serious about training.
The Incredible Shrinking Data CenterJune 30, 2011Faced with cost pressures and a general decline in revenues, financial firms are turning to new technologies and strategies that are moving applications out of traditional data centers.
FBI Investigates $10 million Citigroup HackDecember 22, 2009It is not yet known whether thieves gained access to Citibank's systems directly or through third parties, according to the Wall Street Journal.
Citi Opens Operations Hub in SingaporeJuly 21, 2009Energy-efficient hub, Citi's center for ops and technology in the Asia Pacific, accommodates 2,000 staff and serves Citi businesses across 40 countries.
Still Stressed Over Bank Stress TestsJune 04, 2009Although investors greeted the results of the government's banking stress tests with cheers, were the tests strict enough to help prevent another financial meltdown?
