Citigroup recently made a significant shift in its approach to diversity, equity, and inclusion (DEI). The bank's CEO announced that it will no longer require a diverse pool of candidates for job interviews. This decision comes at a time when the business landscape is changing under the current political climate. The bank will no longer have "aspirational representa...
Buffett's investment firm, Berkshire Hathaway, made some big moves in the last quarter of 2024. They sold off a huge chunk of their shares in two major US banks, Bank of America and Citigroup. This wasn't a small deal. They sold nearly three-quarters of their Citigroup shares, which were worth over 2. 4 billion dollars. This is a big change from their past investment...
Richard Parsons, a prominent figure in the world of business, passed away recently at the age of 76. Known for his influential roles at Time Warner and Citigroup, Parsons left a significant mark on corporate America. Diagnosed with multiple myeloma in 2015, he continued to contribute to various boards until health issues forced him to step down. Friends and colleague...
American Airlines is on the verge of making a major shift in its credit card partnership, potentially dropping Barclays and opting for Citigroup as its exclusive partner. This move would bring an end to a long-standing partnership that dates back to the airline's 2013 acquisition of US Airways. According to sources familiar with the negotiations, American has been wo...