Story 281
Barron’s ran a big profile on Jane Fraser and Citi’s turnaround this week. It’s a good read — if you’re an investor. For those of us who have watched this story from the inside, we know better. The…
Story 280
2/2 My wife says my post is mildly offensive and asked me to correct. “My wife is a pediatric dentist of Korean descent…” Apologies.
Story 279
1/2 I work in finance, which loves to believe it’s hyper-rational and merit-based. My wife’s a Korean pediatric dentist – excellent at what she does – but she still deals with patients second-guessing her, assuming she’s not the…
Story 278
I cover Citigroup at an affiliate news agency in the UK focused on financial services. The Financial Times published an article today on [REDACTED] that raises two notable issues: questions about the rigor of Citi’s due diligence process…
Story 277
I’ve spent more than twenty years on Wall Street, and what surprises me is not that inequities exist, but how persistent and deeply embedded they remain. For all the progress that’s been discussed—and occasionally celebrated—the day-to-day reality tells…
Story 276
A Managing Director (generally considered to be well disposed toward the person in question) has asked whether the Head of Enterprise Risk and Balance Sheet Management at Citi’s USCC was the right person for the job. It is…
Story 275
Re: Story 273 and 274. And we’ve now gone full circle. Of the 4 people that preceded the current Head of EDO, 3 were men and still employed at Citi. The one female was fired for allegedly refusing…
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…
Story 273
In October 2024, one month into his role as Head of Enterprise Data Office and Data Transformation at Citi, [REDACTED] declared in a town hall that he would close out the data consent order in 12 months. To…
Story 272
Thank you to Story 259 for testifying that even men think Citi is a professionally bankrupt environment. The baseless arrogance in this place is staggering — particularly given how little actual capability underlies it. When MDs were pushed…