Story 255

Our boss, [REDACTED], Citi’s Head of Wealth, is in Las Vegas today at a Google event. If the media is present, it would be worth asking directly what happened to the Private Bank’s abruptly departed U.S. head in 2024. Did he, or did he not, engage in inappropriate conduct toward a junior analyst within four months of joining? And did Citi, in fact, pay him a seven-figure sum to exit? Because if the firm paid a substantial sum to facilitate his departure under those circumstances, it raises serious questions about corporate governance.

Similar Posts

  • Story 316

    Prompted by Story 315. A pattern, once seen, cannot be unseen. ERM Tech & Data at Citi seems to operate a pattern that repeats with enough consistency to constitute policy. There was a male Director. Caucasian. Several decades of experience under his belt. Not part of the in-group. For a full year, his manager —…

  • Editor’s Note

    Today marks WallStreetDiscriminates’ six-month anniversary. We have been humbled by the volume of stories, support, and engagement the platform has received. Every person here has contributed to a broader conversation about what happens when powerful institutions abuse their power and, in doing so, we have forced an uncomfortable question into the open: why has a…

  • Story 337

    I worked at Wells Fargo for 27 years. I left much earlier than planned, because I could no longer tolerate being overworked, under-recognized, and treated as the woman who could carry everything while our only male team member was valued above everyone else, even though his contribution was laughable. I saved Wells Fargo more than…

  • Editor’s Note

    We are pleased to announce that our redesign is looking fabulous. Not only is the site gorgeous, it has search, the ability to upvote posts, make contact with journalists, and more! But due to the fact that Wall Street goes quiet in the month of August, we have decided to delay our go-live until early…

  • Story 329

    A Bank With a Soul: The Bureaucracy of People Management, Alive and Well CEO Jane Fraser describes Citi as a bank with a soul. This is what that looks like in practice. Citi has perfected two ceremonies above all others: the ceremony of entry and the ceremony of disposal. The in-between is underwhelming. Both are…

  • Story 274

    Dear Story 273,You make excellent points about the churn in Citi’s Enterprise Data office. The dysfunction there runs long and deep. The firm was sued by a senior hire brought in from JPMorgan in 2021 to run governance for the program—I knew her, and she was both capable and effective. According to her lawsuit, she…