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Citigroup said it has placed an employee on paid leave after he was unmasked as the operator of a popular website linked with the conspiracy group QAnon. Jason Gelinas — a 48-year-old resident of Berkeley Heights, New Jersey, who is a senior vice president in the technology group at Citi, according to a now-defunct LinkedIn …
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Citigroup’s longtime chief is stepping down early next year — and his successor is about to make some financial “herstory.” The $2.2 trillion megabank announced Thursday morning that chief executive Michael Corbat will leave his role in February 2021 after eight years. It also announced that the board has picked the bank’s president Jane Fraser …
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The Federal Reserve is making life a little harder for Jamie Dimon and his fellow big bankers until it gets more clarity on just how painful the coronavirus pandemic will be for the American economy. On Thursday, the Fed unleashed a series of restrictions on bank operations over the next few months, including a hard …
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Morgan Stanley and Citigroup have hit pause on layoffs as the coronavirus pandemic has led to a record level of unemployment claims and unprecedented economic uncertainty, according to sources. On Thursday, Morgan Stanley pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to …
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Citigroup will temporarily close up to 15 percent of its US branches in light of reduced foot traffic amid the coronavirus outbreak, a spokesman told Reuters. The third-largest US lender said it would also temporarily reduce branch hours and redeploy staff to open branches to ensure access to essential services. Citigroup has roughly 700 branches. …
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Some US banks on Monday offered employees one-time bonuses to help ease the financial burden of the coronavirus pandemic and as a reward for working through the crisis. Banks have largely been excluded from government-mandated shutdowns across the country because they are considered an essential industry by the federal government, meaning most bank branches, call …
Citigroup said it has placed an employee on paid leave after he was unmasked as the operator of a popular website linked with the conspiracy group QAnon. Jason Gelinas — a 48-year-old resident of Berkeley Heights, New Jersey, who is a senior vice president in the technology group at Citi, according to a now-defunct LinkedIn …
