Ida Liu, the head of Citi’s private bank, will exit this month. Andy Sieg, who runs the bank’s wealth business, said on Monday in a memo that Liu had informed him of her decis

Last year, the wealth business saw departures of private bankers to Bank of America as well as a wave ... Christian Zeinler as head of strategy for Citi Wealth and head of business execution ...

The megabank is simplifying the management structure of its private bank. Regional leaders will now report directly to Andy Sieg, head of wealth.

Ida Liu, an 18-year veteran of the bank, did not detail her future plans. Citi eliminated her post and will instead have four regional private-banking chiefs.

Last year, the wealth business saw departures of private bankers to Bank of America as well as a wave ... Christian Zeinler as head of strategy for Citi Wealth and head of business execution ...

Berkshire took a new stake in Citigroup ( C 1.88%) in 2022 and the stock currently makes up 1.5% of Berkshire's portfolio. Citigroup has far and away been the worst-performing large U.S. bank stock since the Great Recession and many investors have ditched the stock out of frustration.

The lender rebuffed allegations that it is less welcoming to conservatives after the president blindsided CEO Brian Moynihan with a barb during a Q&A session at the World Economic Forum in Davos, Switzerland.

Citigroup Inc. is revamping the management structure of its private bank following the resignation of Ida Liu, who’s led the unit for almost four years.

The global head of Citigroup’s private banking arm and one of its highest-ranking female executives is leaving in a potential blow to chief executive Jane Fraser’s plan to grow its wealth division.

Citi has hired Scott Romanowski from Avenue One to be its new head of ABS syndicate for North America, and he will join the bank in February. With this hire, Citi is replacing former head of securitization syndicate Aoiffe McGarry, who left last fall to join private equity firm Apollo's capital solutions division.

JPMorgan Chase, Citi, Bank of America, U.S. Bank and Wells Fargo postpone payments Gov. Gavin Newsom, Wells Fargo's Charles Scharf, U.S. Bank's Andrew Cecere, Bank of America's Brian Moynihan ...

Fulfilling an oft-reiterated campaign promise, President Donald Trump has ordered the withdrawal of the US from the Paris Agreement, the compact under which 194 countries pledged to limit global warming to 1.5 degrees Celsius by the end of the century.