Tag Archives: Citigroup

Reuters reports: Citigroup Inc staff in the United States who have not been vaccinated against COVID-19 by Jan. 14 will be placed on unpaid leave and fired at the end of the month unless they are granted an exemption, according to a company memo seen by Reuters on Friday. The U.S. bank announced its plan to impose new vaccination rules …

Former Citigroup CEO Sanford Weill has listed his Central Park-adjacent apartment for $88M, a price which, if met, would far eclipse the above records. If the sale of the penthouse closes for anything near that price, it would set a record for the sale of a Manhattan apartment. The limestone building, which was designed by Robert A.M. Stern and developed …

Un-fucking-real. After a marathon negotiating session, the Bush administration agreed early Friday to give Bank of America an additional $20 billion worth of fresh capital to help it stomach the losses at Merrill Lynch, which the company acquired Jan. 1. The funds are in addition to $25 billion in TARP rescue funds Bank of America has already received. The new …

Oh, man…this is brutal. Citigroup Inc.’s reduction of 52,000 employees announced on Monday is the second-largest job cut ever undertaken by any company on record, according to consulting firm Challenger Gray & Christmas. Only the 1993 bloodbath at Big Blue, when IBM let go 60,000 people, was larger. Put another way, the number of jobs being eliminated at Citi is …

Michael McCarthy, a vice president at Citigroup, was fired last week because the company took issue with his popular blog, Take A Report, which often features homophobic and sexist commentary. McCarthy had been blogging from his office. To the community of 60,000 who keep his company each day, Michael J. McCarthy looms large enough to be chosen as next month’s …