Ex-Citi exec accuses Andy Sieg of sexual harassment
A high-ranking former Citi executive is accusing wealth head Andy Sieg of sexual harassment, alleging that his actions and an investigation led to her being forced out of the company. Julia Carreon, who served as Citi’s global head of platform and experiences until 2024, filed a civil complaint in federal court for the Southern District […]
Why the bankers expecting massive bonus increases had their hopes dashed
The Truth Behind Bankers’ Disappointment with Bonuses Many employees at Bank of America (BofA) were left disheartened by their recent bonus payouts, with reports suggesting that even high-performing teams within the company expressed discontent. This sentiment was echoed by respondents in a recent bonus expectations survey, highlighting a widespread sense of dissatisfaction among BofA staff […]
Loyalty coalitions are balance-sheet risks masquerading as marketing
The Hidden Complexity of Loyalty Coalitions Loyalty coalitions, or rewards schemes, are common tools that banks use to increase customer loyalty. However, they can be more complex than they appear and can pose significant risks if not properly structured and monitored, according to Cagatay Zor, of Trumore. While they may look like a tool for […]