Alberto Verme News
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Citigroup Inc. executives stand to collect $579 million under profit-sharing plans that include the one shareholders voted against last year.
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The effect on Citigroup Inc. of Greece’s exit from the eurozone “wouldn’t be that large,” said Alberto Verme, chairman for Europe, the Middle East and Africa.
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Tens of thousands of Egyptian protesters filled Cairo’s Tahrir Square, with many setting up makeshift camps before dusk, as Vice President Omar Suleiman sought to convince demonstrators that the government is serious about moving toward democracy and stabilizing the economy.
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Citigroup Inc. , the bank 18-percent owned by U.S. taxpayers, awarded more than $37 million in shares to six top executives and said it plans to raise Chief Executive Officer Vikram Pandit ’s $1-a-year pay.
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Citigroup Inc., the third-largest U.S. lender, said Manuel Medina-Mora will add responsibility for global consumer and commercial banking and Mike Corbat will become the sole chief executive officer for Europe, the Middle East and Africa as part of a management shakeup.
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Citigroup Inc., the third-biggest U.S. bank by assets, named James Cowles chief operating officer for Europe, Middle East and Africa as the firm overhauls its management structure for the region.
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Citigroup Inc ., the third-largest U.S. bank by assets, will split at least $11.9 million among four executives if the company meets profit thresholds set at less than half what the lender generated since 2009.
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