William “Wild Bill” Janklow ’s law office in Sioux Falls, South Dakota, is crowded with mementos from his 16 years as a Republican governor. On a low, wooden bookcase, near bottles of hot sauce custom labeled for his annual Buffalo Roundup , he keeps a 4-foot length of red ribbon festooned with Citibank credit cards.
Citigroup Inc. , the third-largest U.S. bank by assets, said that Deborah Doyle McWhinney will leave her position as head of personal wealth management for a newly created role in the global transactions business.
On a good day, 27-year-old Bobby Timberlake at CME Group Inc. in Chicago rounds up $2.5 billion from the world’s biggest traders and banks such as JPMorgan Chase & Co. to cover their losses in the $639 trillion derivatives markets.
Citigroup Inc. , the bank 18 percent owned by the U.S. government, said it hired Morgan Stanley ’s Cecelia “Cece” Stewart, a former Wachovia Corp. executive, as president of its North American retail bank.
Derivatives clearinghouses should standardize and report more information on risk management practices so bank members can assess the threats they face, according to a report sponsored by the Federal Reserve Bank of New York.
Liza Landsman , Citigroup Inc. ’s U.S. head of online and mobile banking, is leaving the bank a year after being named to help transform its consumer business with new technologies, people with knowledge of the matter said.