First Data Names JPMorgan Co-COO As Its New CEOApril 29, 2013Frank Bisignano, who also led JPMorgan's mortgage banking business in the wake of the mortgage crisis, will lead payments management company First Data at a time of great change in the payments industry.
8 Model Banks of NoteMarch 01, 2013Analyst and research firm Celent recently hosted its annual model bank awards. Here we highlight some of the notable winners.
Citigroup Bows to Shareholder Pressure, Overhauls PayFebruary 21, 2013Citigroup Inc said on
Thursday it has overhauled an executive pay plan that
shareholders rejected last year as overly generous, revising it
to tie bonus payments more closely to stock performance and
Banks Recovering From Sandy AftermathOctober 31, 2012Major U.S. banks said on Wednesday they
had reopened more than half of the branches that were closed as
Hurricane Sandy battered the U.S. East Coast earlier this week.
Citi Rushes to Replace Corbat in EMEA Top JobOctober 17, 2012Citigroup's new boss Mike
Corbat is rushing to plug the gap he left at the helm of the
U.S. bank's European business, a major hub for investment
banking income but which still lags other regions by revenue.
What's Behind Pandit's Resignation from Citigroup?October 16, 2012Conflicts with Citigroup's board may have spurred the unexpected resignations of CEO Vikram Pandit and president/COO John P. Havens; Michael Corbat promoted from Citigroup's CEO of EMEA to CEO and director of Board.
Citigroup Settles Shareholder Lawsuit For $590 MillionAugust 29, 2012Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis.