A prominent Citigroup executive is leaving as the bank reorganizes an elite arm of its wealth management business, the latest shift in a series of significant structural and leadership changes at Citi in recent years.

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.

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.

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.

In a report released today, Keith Horowitz from Citi maintained a Buy rating on Bank of America (BAC – Research Report). The company’s shares

Goldman Sachs (GS) and JPMorgan Chase (JPM) are being pushed by right-leaning activist groups to abandon or shrink their diversity, equity and

Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report fourth-quarter results on Thursday morning. Their competitors—JPMorgan Chase, Wells Fargo,

Bank of America said Thursday that it expected to earn between $14.5 billion and $14.6 billion of net interest income—on a fully taxable-equivalent basis—in the first quarter of 2025.

Citigroup is reorganizing its private banking division, with regional heads now reporting to Andy Sieg, the bank's new wealth management chief.

The policies of President Donald Trump will fail to hold back progress in transitioning away from high-carbon energy sources, according to analysts at Citigroup Inc.

According to Climate.gov, thousands of homes can be damaged or destroyed every year from weather and climate-related disasters, including wildfires, floods, tornadoes and hurricanes, causing widespread destruction and tens of billions of dollars in damages across the United States.

Bank of America (NYSE: BAC) has confirmed a data breach involving a third-party software provider that led to the exposure of sensitive customer data.