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Revenue at Citi's North American retail bank fell 35% year over year and officials warned that lower mortgage originations and continued spread compression would crimp revenues in the fourth quarter, and perhaps beyond.
October 15 -
Citigroup named Barbara Desoer chief operating officer of its banking subsidiary and said she will "deepen" a male-dominated management bench. Desoer, one of the industry's most prominent women, retired from Bank of America in 2012 after her duties were gradually diminished.
October 10 - WIB PH
Irene Dorner, our No. 1 Most Powerful Woman in Banking in 2012, has seen her stock rise internally at HSBC, having been appointed in February as a group managing director of HSBC Holdings and as a member of the HSBC Group Management Board.
September 18 -
Why are professional women still struggling to 'have it all'? Anne-Marie Slaughter, the Princeton professor and former State Department official who famously asked that question last summer, tried to help HSBC answer it on Friday.
March 13
HSBC USA in McLean, Va., has hired a longtime Citigroup executive, William Brown, to lead its U.S. branch network.
Brown's mission in the newly created job is to expand the market share of HSBC's 248 branches in the United States, according to a press release Monday. He will be based in New York City.
Brown joins HSBC after a 17-year stint at Citi, where he worked in numerous positions including serving as market president for New York City. He began his career in the Navy and served on the Navy staff at the Pentagon.
Brown's "unique blend of proven leadership skills and retail banking experience will be invaluable as we build our business in the U.S.," Kevin Martin, head of retail and wealth management for North America, said in the release.
