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 to lie to regulators. Oh f*ck … That looks a lot like retaliation doubled with discrimination in a business group where the Indian Mafia reigns supreme. Or does it?
This week, Fortune published a favorable profile of Jane Fraser and Citi’s turnaround. It is worth reading — for what it chooses not to examine. For investors, Fortune provides the “What” — the plan, the metrics, the narrative arc. What it does not provide is the “How” — the friction, the trust deficit, the litigation…
I didn’t write story 343 but I am going to guess USCC stands for “U.S. Consumer Cards,” which is a division of Citi.
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 a fair question. Some months earlier, she had been introduced by the then Head of ERM as…
30 year wealth management professional. The best boss I ever had – at U.S. Trust – was a woman who was marginalized over and over because she wasn’t part of the boys’ club. But by far the worst culture on Wall Street is Citi. Spent three years stunned by the chaos & power thirsty MDs….
Citi has a culture that supports misogyny, gender bias, and a wide array of unethical employment practices. For close to 20 years I have witnessed and, at times, been subjected to all of the above. For the most part, Citi reinforces an environment of apathy towards whistleblowers or those who “complain”. This is despite a…
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…