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  1. April 3, 2014

    Citi forecast to miss internal 2015 target

    Citigroup is increasingly unlikely to meet a 2015 target that is central to chief executive Mike Corbat’s strategy of...

  2. March 28, 2014

    Citi stress test hit by audit lapses

    Weaknesses in auditing contributed to Citigroup’s failing the Federal Reserve capital assessments, according to executives...

  1. March 27, 2014

    Fed feels backlash over stress tests

    Bank executives and investors lashed out at the Federal Reserve on Thursday, attacking its stress tests as “opaque” after...

  2. January 14, 2014

    Ex-Citi executive takes top fund role

    Napier Park, the $6bn hedge fund business that Citigroup spun off last year, has appointed John Havens, the former president...

  3. January 1, 2014

    Citigroup: work in progress

    Citigroup may be feeling like the odd man out. It shares rallied 30 per cent in 2013. But, unlike other US megabanks, it...

  4. December 18, 2013

    Finance: Shrunken ambition

    The fireplace on the 39th floor of Citigroup’s Manhattan skyscraper is a relic from a different era. It was installed by...

  5. FT Alphaville

    September 5, 2013

    Further reading

    Elsewhere on Thursday, - MPesa theft is rampant in Kenya. - The smart watch is here. - The Riksbank is wrong about the debt....

  6. September 4, 2013

    Wharton start-up CommonBond extends loans to 20 US MBA courses

    CommonBond, the MBA student lender, is set to expand its social lending model to 20 of the top programmes in the US....

  7. FT Alphaville

    May 16, 2013

    The Closer

    FURTHER FURTHER READING - Central bank competence is a technology. - Just how useless is the asset management industry? -...

  8. May 16, 2013

    Pandit returns to banking via India

    Vikram Pandit, the former Citigroup chief executive who was ousted last year, has returned to banking by investing in an...

  9. May 3, 2013

    Beware the Torres effect in executive pay

    Fernando Torres scored 81 goals in 142 games for Liverpool FC. In 2011, he was sold to Chelsea, netting his former employer...

  10. FT Alphaville

    April 24, 2013

    The Closer

    ROUND-UP FT markets round-up: “Equity markets maintained their broadly positive tone as fresh signs of weakness in the...

  11. April 24, 2013

    Citigroup sees off shareholder revolt on executive pay

    Citigroup quelled a shareholder revolt on executive pay on Wednesday but told investors not to expect a quick wind-down of...

  12. April 15, 2013

    Citigroup earnings rise under new chief

    Citigroup reported its highest profits for three years in the first full quarter under new chief executive Mike Corbat,...

  13. March 18, 2013

    UBS should take pay lessons from Pandit

    Remember Vikram Pandit. The former hedge fund manager might be a multimillionaire, but he knew how to be humble when...

  14. March 13, 2013

    Citigroup risk chief at odds with dealers

    Citigroup’s head of risk has put himself at odds with Wall Street dealers after calling for derivatives to move to exchange...

  15. March 5, 2013

    Citi looks to scale back network

    Citigroup is considering pulling back from 21 countries as the most global of US banks trades cost-cutting for international...

  16. February 21, 2013

    Citi unveils pay plan for executives

    Citigroup tried to quell a shareholder revolt over executive pay by scrapping an old bonus scheme and setting tougher...

  17. FT Alphaville

    January 7, 2013

    The Closer

    ROUND-UP FT markets round-up: “Growth-focused assets headed lower, pulling major “risk” barometers back from multi-month...

  18. December 5, 2012

    Citigroup – knife and easy

    When Citigroup made Mike Corbat chief executive in October, the new boss made a point of saying that the bank would “remain...

  19. December 5, 2012

    Citi joins bank jobs cull by axing 11,000

    Citigroup’s new chief executive has wasted little time putting his stamp on the US bank by axing 11,000 jobs, adding to a...

  20. November 9, 2012

    Citi’s Pandit to leave with $15m payout

    Vikram Pandit, the former chief executive of Citigroup, will walk away from the bank with more than $15m and a ban on...

  21. FT Alphaville

    November 6, 2012

    The (early) Lunch Wrap

    Good morning New York, ALPHAVILLE Quack, quack, says the post-election Congress: Excited about the election? Well, Lisa...

  22. FT Alphaville

    November 6, 2012

    Think indie is cool? A case study from Citi

    Or, to go even further, are the stalwarts of Citi a symbol of board resurgence? That’s the question asked by Benjamin W....

  23. October 29, 2012

    US banks can’t ignore shareholder activism

    Two years ago, when the US Chamber of Commerce was faced with a modest proposal to give shareholders a non-binding vote on...

  24. October 18, 2012

    Bonds and trading lift Morgan Stanley

    Morgan Stanley swung to a net loss in the third quarter but reported better than expected revenues on the back of increased...

  25. October 17, 2012

    Frustration at Citi preceded Pandit’s exit

    Citigroup’s board, which oversaw the dramatic departure of chief executive Vikram Pandit on Tuesday, is a very different...

  26. October 17, 2012

    Pandit may have left but the risks remain

    It is somehow apt that the explanations for the sudden departure of Vikram Pandit from Citigroup this week were utterly...

  27. FT Alphaville

    October 17, 2012

    The (early) Lunch Wrap

    Good morning, New York… ALPHAVILLE What Germany, France and van Rompuy want in a fiscal union: Kate just had to highlight...

  28. FT Alphaville

    October 17, 2012

    The 6am Cut London

    “Asian shares rose to their highest in over five months on Wednesday as strong US earnings reports lifted investor mood,...

  29. FT Alphaville

    October 16, 2012

    The Closer

    ROUND-UP Stocks powered on after well-received earnings, including Goldman’s. The S&P 500 rose 1.03 per cent to close at...

  30. October 16, 2012

    Methodical financiers replace ‘masters of the universe’

    There are few bankers running Wall Street institutions these days who hark back to the big brash era before the financial...

  31. October 16, 2012

    Pandit’s departure restores air of calamity

    Vikram Pandit and Citigroup were supposed to be enjoying a year of celebration. In this, the bank’s 200th anniversary,...

  32. October 16, 2012

    US stocks rise on upbeat earnings

    Goldman Sachs shares closed lower after sea-sawing throughout the session, in spite of reporting solid earnings on the back...

  33. October 16, 2012

    Pandit hands back Citi’s poisoned chalice

    A shy technocrat, who spent most of his career working behind the scenes as an investment banker at Morgan Stanley, Vikram...

  34. FT Alphaville

    October 16, 2012

    The Pandit years

    “These are the times that will define us all,” Vikram Pandit told fearful Citi staff on March 10, 2009. They’re certainly...

  35. October 16, 2012

    Michael Corbat: a low profile leader

    Michael Corbat, 52, might be a Citigroup lifer. But even in his most senior roles – latterly as head of Europe, the Middle...

  36. October 16, 2012

    Pandit quits Citi after board clash

    Vikram Pandit shocked Wall Street by resigning as chief executive at Citigroup after a clash with the board over a series of...

  37. FT Alphaville

    October 16, 2012

    Pandit quits Citi

    COO John P. Havens gone too. Mike Corbat, CEO of Europe, Middle East and Africa since the start of the year, is to step up...

  38. October 15, 2012

    Citigroup looks to Asian deal activity

    Vikram Pandit said Citigroup should reap benefits from acquisition-hungry Asian companies while a solution to the US “fiscal...

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