Here’s an irony only Citigroup could pull off: placing the Women’s Network under the leadership of a man whose own organisation has managed to “disappear” an astonishing number of high-profile women since he arrived, while proudly welcoming an army of white men to save us from diversity.
As additional submissions continue to arrive, many reference senior leadership at major financial institutions, including the Chief Executive Officer of Citigroup, Jane Fraser. We want to clarify our editorial policy regarding the use of names on this site. As a rule, we do not publish the names of individuals referenced in submissions. Our purpose is…
“Citi is a bank with a brain and a bank with a SOUL” and “Our clients love doing business with us because we are good people.” These are Jane Fraser’s most commonly used refrains, though I think she finally stopped claiming bank with a soul because it is very, very clearly the most soul-less place…
I was a Senior Technology Manager with Citi based in Singapore. In 2023, I raised a concern with the Ethics Team about my manager. From my perspective, there were troubling signs that technology funds were being misused and that established technology governance processes were being bypassed. Given the scale of the spending involved – tens…
I raised concerns with Citi’s Employee Relations about the circumstances of my layoff. I had been eliminated as part of what the bank characterized as a reorganization. I did not accept that characterization. The pattern I observed and reported was the systematic elimination of experienced employees that a senior manager in the Consumer Bank’s risk…
Important story in the Financial Times today about the weaponization of Citi’s CSIS department. “CSIS’s stated goal is to “to protect the employees, assets, information, integrity and reputation of Citi and its clients”. But in interviews with the FT, current and former employees questioned how the unit is deployed and whether it places the bank’s…
I’ve been at Citi Private Bank for nearly 13 years, and have seen my share of chaos. But since 2021, the dysfunction is unlike anything I’ve ever witnessed. Leadership talks endlessly about “transformation,” but the reality inside is far worse than what’s acknowledged publicly. Citi has a long history of elevating the wrong leaders. A…
KNOW YOUR RIGHTS Citi Ethics has been known to ask employees during investigations whether they’ve made reports to regulators or blown the whistle with outside parties. Citi’s own policies state that company policy does NOT prohibit employees from speaking with regulators. So why is the Ethics team quietly asking employees whether they did exactly that…
I was recruited from BofA’s Private Bank to Citi in the mid-2000s as part of a full team lift-out. It turned out to be the worst career decision I ever made. I went from working for an excellent female manager with strong colleagues to a place that felt completely artificial—like living inside The Truman Show….
To whomever submitted the story at 12:35PM ET, we have reason to believe you are not acting in good faith – we have suspected this for a while – and will no longer post your submissions. Please take your energy elsewhere. This is a space for people who are telling the truth and interested in…