Citigroup’s CFO Warns 1,600 Job Cuts Will Boost Expenses This Quarter
Citigroup Inc. Chief Financial Officer Mark Mason said the firm’s recent job cuts will cause expenses to climb by as much as $400M this quarter.
Recent
Schwab Sees Second-Quarter Revenue Declining as Much as 11%
Charles Schwab Corp. expects its revenue to slide as much as 11% in the second quarter compared with a year earlier.
UBS Completes Credit Suisse Takeover to Become Wealth Management Behemoth
UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank.
Citigroup Dismantles FX Strategy Team, Cuts Analyst Jobs
Citigroup Inc. has dismantled its global team that provides commentary and analysis on foreign-exchange markets.
How Google Plans to Finally Force Workers Back to the Office
$1.5T company has threatened to clamp down on staff who fail to come in, warning attendance will be included as part of their performance reviews.
Trafigura Traders Share $3 Billion Payout on Record Profit
Trafigura Group paid $3B to its top traders and executives as the commodity trading giant notched up a fresh record profit in the six months to March.
Sequoia Splits Into Three Firms Amid Geopolitical Tension
Venture capital powerhouse Sequoia Capital is breaking up into three entities around the world, splitting the Chinese and US operations.
