Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  Banking 
SEARCH
  News & Commentary
  News
  Reviews
  Columnist Articles
  RSS News
  Economy
  Economic Charts
  Financial Calendars
  Banking & Loans
  Loan Rates
  Deposit Rates
  Rate Alert
  Banking Top Rating
  Education
  Banking
  Investing
  Stock Brokerage
  Dictionary
  Financial Directory
  Banking
  Funds
  Insurance
  Stock Brokerage
  Billing
  My FinanceGates
  Register
  Sign In



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Thursday October 21, 07:55
Citigroup wants to get rid of its top executives

 Send link to friend
Citigroup wants to get rid of its top executives (by Sh. Nakata)

The world biggest banking company Citigroup on Wednesday dismissed its three top executives for the sake of improving its reputation after the scandal in its Japanese private bank.

In his memo issued Tuesday, the company’s Chief Executive Charles Prince announced the names of the departing executives. They are Deryck Maughan, Thomas Jones and Peter Scaturro, the memo said.

Last month, the company’s private unit in Japan Citibank was ordered to be closed within the violation of Japanese laws in its activity as the bank saw charges for improper conducting of checks against money laundering. Moreover, the company also was strongly criticised for the manipulation on the European bond market earlier this year and had to apologize for an accident.

Sir Deryck Maughan was vice-chairman for the company and was ruling its international division. Thomas Jones was a head of investment management and the third one to leave Peter Scaturro was running the company’s private banking.

Mr. Prince declined to provide the reasons for executives’ departure.

All banking news
Read the related news and articles:
18 May 2005 02:32 PM Citigroup’s hedge-fund new service targets higher clients
11 May 2005 10:49 AM Citigroup waiting for Belgium probe results
28 Apr 2005 02:11 PM Spitzer probes subprime lenders, including HSBC and Citigroup
25 Apr 2005 12:01 PM Japan’s Financial Agency punishes Citigroup with prohibiting order
15 Apr 2005 07:13 AM Citigroup first-quarter profit rose 3.2%
 


   KEYWORD SEARCH

KEYWORDS:
   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.
ABOUT US
PARTNERSHIP
ADVERTISING
LEGAL DISCLAIMER
PRIVACY POLICY
CONTACT US
LINKS
RSS NEWS


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2009. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.