Big Moves at Citigroup and Wells Fargo — Reorg and Restructure
Citigroup and Well Fargo initiate substantial reorganization to streamline operations. Both involves implementing significant personnel changes.
Recent
Schwab Sees Notable Decrease in Core Net New Assets
Charles Schwab reported a notable decrease in core net new assets to $11.3 billion, reflecting a decline from the previous month's $27.1 billion.
Authorities Impose $500,000 Penalty on Webull
Massachusetts authorities recently imposed a $500,000 penalty on Webull, an online brokerage, citing inadequate compliance mechanisms.
Bridgewater Associates Sought Seclusion
Employees at Bridgewater Associates, led by Ray Dalio, sought the seclusion of woodland areas for private conversations.
Citigroup Discriminated Against Armenian Americans, Federal Regulator Says
Citigroup discriminated against Armenian Americans, federal regulator says; bank fined $25.9 million.
Citigroup Considering at Least 10% Job Cuts in Major Businesses - CNBC
Citigroup's managers and consultants working on CEO Jane Fraser's reorganization have discussed job cuts of at least 10%.
Hedge Fund Executive’s Sudden Death Exposes a Firm Deep in Trouble
The bonhomie was flowing inside the Great Banking Hall in Toronto as the city’s hedge fund barons arrived to toast their success and themselves.
