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Citigroup CEO Jane Fraser Gets Pay Bump to $26 Million After a 38% Drop in Profits
Citigroup CEO Fraser got 6% pay bump, a year the bank's profits dropped 38%. Fraser began dramatic restructuring results in estimated 20,000 job cuts.
By the Numbers - Deloitte, Ernst & Young (EY) are Reducing Staff
EY and Deloitte are currently evaluating staff workloads with increased scrutiny and are discreetly reducing their workforce, according to reports.
Fed to Cut US Rates in June, Risks Skewed Towards Later Move: Reuters Poll
Fed will cut funds rate in June according to slim majority of economists polled by Reuters also said greater risk was first rate cut would come later.
Subsidiary of TIAA Settles With SEC
A subsidiary of the Teachers Insurance and Annuity Association of America (TIAA) has agreed to a settlement exceeding $2.2 million with the SEC.