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Citigroup Inc

All articles tagged with #citigroup inc

business25 days ago•5 min saved

Ex-Citi executive says she was fired for flagging Trump client concerns

A former Citigroup wealth unit managing director filed a Brooklyn federal lawsuit alleging she was terminated in April 2025 after raising concerns about Citi’s risk-management practices and its discussions about taking on Donald Trump as a client, including the possibility of a numbered account; Citi says the departure followed multiple substantiated complaints about her behavior, while noting it changed its code of conduct in 2025 to prohibit discrimination by political affiliation.

via Financial Times|

#banking-regulation #business #citigroup-inc

business5 months ago•4 min saved

Citi pursues private arbitration for harassment claim against wealth chief Sieg

Citigroup asked a Texas federal court to compel private arbitration of Julia Carreon’s sexual-harassment claim against wealth chief Andy Sieg, arguing the allegations are fabricated and that Citi’s employment-dispute practice supports arbitration; the move comes amid a 2022 law that limits arbitration for sexual-harassment claims, and Citi cites Carreon’s messages praising Sieg to challenge her accusations.

via Financial Times|

#arbitration #banks #business

business5 months ago•4 min saved

Former Citi executive sues bank over alleged harassment and biased investigations

A former Citi Wealth executive, Julia Carreon, filed a lawsuit alleging Citi subjected her to a discriminatory, sexually harassing culture and a weaponised HR process that pushed her out after she alleged harassment by Andy Sieg, Citi’s wealth chief. The complaint says HR biasedly investigated an alleged inappropriate relationship while Sieg faced less scrutiny; Citi has disputed the suit’s merit and notes an internal probe into Sieg. The case adds to scrutiny of Citi’s leadership and how women are treated within the firm.

via Financial Times|

#andy-sieg #business #citigroup-inc

finance2 years ago•0 min saved

"US Tech Stocks Downgraded by Citi Strategists Amid Broadening Market Rally"

Citigroup Inc. strategists have downgraded their outlook on the US tech sector, shifting to a more cautious stance and reducing their recommendation to market-weight from overweight, while also issuing an underweight recommendation on hardware companies. They anticipate the stock rally to broaden beyond technology and have raised their outlook on consumer discretionary to overweight.

via Bloomberg|

#citigroup-inc #consumer-discretionary #finance

finance2 years ago•1 min saved

"Citi Warns of Tech Stock Selloff Risk Due to Stretched Positioning"

Citigroup Inc. strategists warn that bullish investor positioning in US technology stocks could lead to a wider market rout if a selloff occurs, with wagers on declines in tech-heavy Nasdaq 100 futures completely erased. Despite a rally in US stocks and record highs in the S&P 500, caution is growing due to signals that the Federal Reserve may not cut interest rates as early as March, leading to stalled bullish trends in S&P 500 futures.

via Yahoo Finance|

#citigroup-inc #federal-reserve #finance