CEO admits that Citigroup finance giant needs culture change

chief executive of financial services giant Citigroup has admitted he needs to
do more to change the culture at the world’s largest financial services group.

to the Financial Times, Chuck Prince
said he needed to be "more visible" to employees to reinforce the
importance of ethical behaviour.

acknowledgement follows continued regulatory problems around the globe, but
Prince denied there was something "uniquely negative" about
Citigroup’s culture.

has also been forced to apologise for a huge trade in European government bonds
that angered European government officials.

told the FT that the trade was "completely knuckle-headed" and
promised disciplinary action would be "felt stingingly" by those

By Johann Tasker




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