Ida Liu, the head of Citi’s private bank, will exit this month. Andy Sieg, who runs the bank’s wealth business, said on Monday in a memo that Liu had informed him of her decis

Ida Liu, an 18-year veteran of the bank, did not detail her future plans. Citi eliminated her post and will instead have four regional private-banking chiefs.

The megabank is simplifying the management structure of its private bank. Regional leaders will now report directly to Andy Sieg, head of wealth.

Citigroup Inc. is revamping the management structure of its private bank following the resignation of Ida Liu, who’s led the unit for almost four years.

Last year, the wealth business saw departures of private bankers to Bank of America as well as a wave ... Christian Zeinler as head of strategy for Citi Wealth and head of business execution ...

Berkshire took a new stake in Citigroup ( C 1.88%) in 2022 and the stock currently makes up 1.5% of Berkshire's portfolio. Citigroup has far and away been the worst-performing large U.S. bank stock since the Great Recession and many investors have ditched the stock out of frustration.

The lender rebuffed allegations that it is less welcoming to conservatives after the president blindsided CEO Brian Moynihan with a barb during a Q&A session at the World Economic Forum in Davos, Switzerland.

US money center bank's perp propels systemically important firms' January issuance to near-$49bn monthly record

Following Trump's lead, organizations including Walmart, Lowe’s and Meta, have announced they would scale back their commitments to diversity, equity and inclusion programs.

KittyHawk focuses on investments across artificial intelligence, longevity, advanced materials, MedTech, FinTech, cybersecurity, robotics, aerospace, SaaS, climate, and more. Through its partnership with NPM,

He's known as a Jamie Dimon protegé, a 9/11 hero, and an operational expert. Now Fiserv's Frank Bisignano can add government hell-raiser to his résumé.

Industrial goods and services procurement platform OfBusiness is preparing for a definitive initial public offering (IPO) in 2025. The company has taken its first significant step toward going public by converting into a public entity.