I recommend reading Sarah Butcher’s latest article. It highlights a striking situation at Citigroup: the firm’s women’s network is led by a man who has previously been reported in the press for publicly “berating” and harassing some of the most accomplished women in financial services. He then brazenly publishes a LinkedIn post portraying himself as…
In CCAR-adjacent functions — processes subject to federal oversight and with direct implications for how a bank represents its financial stability to regulators — governance exists precisely because the stakes of getting it wrong extend beyond the institution to the broader financial system. What happens when Citi leadership in those functions does not understand the…
Haven’t seen anyone mention yet but Citi hired Paul Weiss to investigate complaints about [REDACTED], the Head of Wealth. The same Paul Weiss that just had its chairman resign due to emails with Epstein…?
The Government Contractor Shield Citi invoked government contractor status to mandate COVID vaccines — a legally and politically contentious decision that affected every employee globally. It was framed as compliance obligation rather than corporate choice. The message being: our hands are tied by our relationship with the government. Then when the Trump administration dismantled DEI…
The Head of Wealth at Citi—somewhat ironically given his reputation also the head of the women’s network—hosted a Women’s Day event with Martina Navratilova. It’s a visible gesture, but my day-to-day reality remains walking into meetings with 30+ men and being the only woman in the room who is drowned out on the daily. It…
For forty years I worked inside one of the large wealth/wirehouse firms that dominate Wall Street. When I joined in the 1980s, the trading floor looked exactly as you might imagine: dark suits, louder voices, and almost no women. By the time I retired in my late sixties, the décor had changed, the technology had…
Wall Street End Game Was anyone else disturbed, when Ruemmler stepped down as CLO, by Goldman Sachs’ former CEO Blankfein’s comment that in years past, the firm wouldn’t have gone after bad actor employees for fear it might make it harder to retain talent? Usually you hear the opposite argument. Employees don’t publicly denounce malfeasance…
I found this site because of the Forbes article on “Whisper Networks.” At the time, I remember thinking it wouldn’t get past 50 or however many stories — but look at this now. Remarkable. Happy International Women’s Day to all the incredible women who continue to speak up, support one another, and refuse to stay…
Story 167, excellent point. Citi is always two steps ahead when it comes to corruption. Jane sure has her “stand by my man” routine down pat with this executive although we noted that she stood him up at his Town Hall this week – it appears even loyalty has its scheduling conflicts.
To Story 166: This is less irony and more a deliberate counter-narrative strategy. Placing that individual visibly at the helm of the Women’s Network creates a documented record that can be deployed against existing discrimination claims — optics engineered to contradict an inconvenient paper trail. The mechanism operates at every level of the organization. In…