Citi

Citi appoints Dial to head consumer banking

As part of its ongoing corporate restructuring, Citi has appointed Teresa Dial as the chief executive officer of consumer banking in North America. Reporting directly to Vikram Pandit, the group’s chief executive officer, she will also assume the title…

Huey Evans joins Barclays

Gay Huey Evans has been appointed Barclays’ new vice-chairman of investment banking and investment management (IBIM). She takes up this newly created role in mid-April, and will focus on developing and managing relationships with sovereign funds.

CDOs of ABSs "in deep trouble"

Ninety-eight collateralised debt obligations of asset-backed securities (CDOs of ABSs) rated by New York-based Standard and Poor’s (S&P) have reached so-called events of default (EODs).

Société Générale gets a cash infusion

Société Générale (SG) is the latest of several banks to raise money through the capital markets after suffering multibillion-dollar losses. Unlike several Wall Street banks issuing mandatory convertibles, the French bank will sell stock and give current…

Citi bails out struggling SIVs

Citigroup has bailed out seven of its own structured investment vehicles (SIVs), taking their $49 billion in non-cash assets onto its own balance sheet, as they continue to reduce in size.

Citi names Vikram Pandit as CEO

Citi has appointed Vikram Pandit as a replacement for its previous chief executive officer, Charles Prince, who stepped down in November after the bank faced writedowns of billions of dollars on its mortgage-backed securities business.

Citi hires head of emissions markets

Citi has appointed Garth Edward as its new head of emissions markets, based in London. He will cover the bank’s global efforts in carbon trading and Kyoto emissions credits.