Story 428
My N+1, described as a “frat boy” by men of his own national origin, knew from day one of hiring me that a reorganization was coming. He never intended to keep his advancement promises. He closed every opportunity…
Story 427
When I was hired at Citi 5 years ago, it was a different place. The last few years of transformation have done nothing other than “transformed” people who were not people leaders into positions of senior leadership. This…
Story 426
I was asked why Citi wasn’t settling the complaints that had turned to Wall Street Discriminates, or suing over misconduct. Simple: there is more than 1 lawsuit targeting any single executive under the spotlight at Citi. Settling one…
Story 425
Note sent to CEO and CFO of a renowned MNC Bank : Dear Mr A and Ms B, This is not going to be about a USD $500 million deal. It is not about anything glorious or celebratory.…
Story 424
What’s your take on this post: Employee Relations thanked me for what they believed was exonerating my N+1. Pause on what that says about the process. Credible investigations are run by people at least as senior as the…
Story 423
Worked as a Regional MD for most of my career, primarily at Northern Trust and Wells Fargo’s Private Bank – retired now. Of course there was a constant parade of microaggressions and watching less talented men get promoted…
Story 422
A critical look at Citi’s restructuring This 2024 Fast Company piece deserves a critical read. To its credit, Citi was candid about some of its gaps. It admitted to insufficient compliance skills and said it hadn’t defined what…
Story 421
I was told I had an independent opinion from the group—and that was a problem. Let us sit with that statement for a moment. Early on, we had explicitly agreed that Risk Management should lead and have an…
Story 420
Story 380, Just last month, UK regulators fined Citi £4.7M for 970 payments that breached Russia sanctions between 2022 and 2025. Its screening missed the standard Russian corporate prefix “PAO,” and accounts tied to a sanctioned individual were…
Story 419
We audit the finances. Why not executive behavior? Kathleen Saxton’s piece in the Guardian last week makes a sharp point. Companies have audit committees, risk registers and external auditors, because “financial integrity is never entrusted to goodwill.” But…