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Trump names billionaire banker Warren Stephens as envoy to Britain

admin December 3, 2024 0 Comments

President-elect Donald Trump has named billionaire investment banker Warren Stephens as his envoy to Britain, a prestigious posting for the Republican donor whose contributions this year included $2 million to a Trump-backing super PAC. Trump, in a post on his Truth Social site Monday evening, announced he was selecting Stephens to be the US ambassador to […]

Citigroup slashes banker promotions in cost-cutting drive: report

admin November 26, 2024 0 Comments

Citigroup CEO Jane Fraser will slash the number of bankers getting year-end promotions as the Scottish-born executive looks to clamp down on costs, according to a report. Just 2,000 Citi employees can look forward to an early Christmas present of a pay raise and a more senior title, down from 8,000 in previous years, the […]