Tag: Edge
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Citigroup employees, on edge over layoffs, told they can work remotely until the new year
Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned. Workers can log in remotely…
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Why Treasury Auctions Have Wall Street on Edge
The U.S. Treasury prefers its debt sales to be humdrum affairs. Lately, they are sparking fireworks in markets. Scrutiny of Treasury auctions—whereby the government funds operations by selling the world’s safest bonds to big banks and dealers—has grown alongside their size. For years, many in Washington and on Wall Street assumed that investors would buy…