https://www.reuters.com/business/finance/us-regulators-reject-citis-living-will-resolution-plan-ft-reports-2024-06-21/
9 replies (most recent on top)
Frankly speaking I am not seeing it shaken,at least not by this. And moreover the problem right now I am facing is a bad boss (post re org). A guy who doesn't have any idea what leadership is. Yes he does his job good, but so does I. And more frustrating is his boss and his boss's boss and so on are so blind to it. Sometimes I feel they just want to keep their seat safe so keeping an incompetent So they are not replaced. Or just keeping a feet li---r. Even if management changes how in team level this is gonna fix? Who does a re org like this without proper research??
I don't think anyone can fix this
Nah they don't they had similar issues for a few months and had the proper culture to fix it.
Citi can't fix anything.
This is a big nothing burger. BAC and JPM have similar issues and it’s never going to happen anyway. The train is unaffected …
this is so much expected ~ I'm very close to this area and all of us are not gonna be surprised by this reject.
Tic, toc, tic, toc…
Time is running out for Citi. They’ve had plenty of time and opportunities to get things right.
Misguided policy, bad management, and efforts continue to be led my Citibanamex resources.
Regulators are fed up with Citi’s inability to comply with consent order. Next step is downgrading the bank, split the businesses, and start selling.
Lame Jane will pass Go and collect millions. That’s the only reason she’s there.
I wonder what the board is waiting for to remove the incompetent management.
This company is already dead.
The only question is what catastrophe will make it apparent.
It is being shaken, and now it’s getting noticed with a big chance of no return. It will fall apart, but it will take time. It will be a slow demise.
Yes but would that matter anyway?? This nonsense (mismanagement, micromanaging,credit stealing,toxic environment) is never ending and not being shaken by anything