So tired of hearing and reading “Citi culture this and that etc..”
You want to know what Citi culture is, well I’ll tell you.
Citi culture: Letting people go to make up a loss of revenue for a dropping business but making sure you lay off enough to where the CEO that you got you in that failed state to begin with still gets their 6% pay increase. Gotta boost up those millions they are getting.
Citi could combine with one or multiple banks not named JPM, BOA or WF and still have less deposits than BOA.
What culture?! Lol. This place has one of the worst cultures I have ever experienced. I tell my friends and family what goes on and they are shocked by the craziness. Can't make this cr-p up. Lol.
There is a law in the US (passed by Congress in 1994) where no bank can hold more than 10% of deposits. Talk of Citi being bought is preposterous. Even a middle market bank combining with Citi would break this rule. And small banks don’t buy bulge bracket banks.
Can you link the post? It could have been from one of Jane’s friend that she stabbed in the back
There was a post made about a year and a half ago on this site for which I thought very little of it at the time. It called out everything that has unfolded almost in order. The announcement timelines, the message delivered, the aftermath of little to no raises or bonus’s and even in light of all this, called out Jane still getting a raise.
What’s foreboding is that the poster also forecasted that Jane’s plan is to sell off bits and pieces of the company to trim it down to make it more attractive to potential buyers to buy Citi as a whole. Is their guess work right?