Tag: Citi

Citi terminates tech manager who ran QAnon website

Citigroup terminated a manager in its technology department following an investigation into his role as the operator of the most prominent website dedicated to the QAnon conspiracy theory.

Jason Gelinas had been placed on paid leave after he was identified on Sept. 10 by the fact-checking site Logically.ai as the operator of the website QMap.pub and its associated mobile apps.

“Mr. Gelinas is no longer employed by Citi,” the company said in a statement. “Our code of conduct includes specific policies that employees are required to adhere to, and when breaches are identified, the firm takes action.”

Citigroup’s code of conduct says employees seeking to engage in any outside business activity where they receive compensation have to disclose that information to managers before participating. Gelinas was earning more than $3,000 a month from a crowdfunded Patreon site dedicated to supporting the QAnon site, which he said helped cover the monthly

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Citi Terminates Technology Manager Who Ran QAnon Website

Citigroup Inc. terminated a manager in its technology department following an investigation into his role as the operator of the most prominent website dedicated to the QAnon conspiracy theory.

Jason Gelinas had been placed on paid leave after he was identified on Sept. 10 by the fact-checking site Logically.ai as the operator of the website QMap.pub and its associated mobile apps.

“Mr. Gelinas is no longer employed by Citi,” the company said in a statement. “Our code of conduct includes specific policies that employees are required to adhere to, and when breaches are identified, the firm takes action.”

Citigroup’s code of conduct says employees seeking to engage in any outside business activity where they receive compensation have to disclose that information to managers before participating. Gelinas was earning more than $3,000 a month from a crowdfunded Patreon site dedicated to supporting the QAnon site, which he said helped cover the

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Micron Technology Placed on Citi Negative Catalyst Watch

A Citi analyst on Monday opened a negative catalyst watch on shares of Micron Technology  (MU) – Get Report, a day before the semiconductor company is scheduled to report fourth-quarter earnings.

Shares of the Boise, Idaho, company at last check were up 0.4% at $49.31.

Analyst Christopher Danely, who has a sell rating on the shares with a $35 price target, said he expected Micron to report sales below guidance of $6 billion but in line with his $5.5 billion estimate due to what he called a double dip in DRAM.

The analyst also expects the stock to trade lower on the report and would be more constructive on the stock in the mid $30s, according to The Fly.

Last week, TheStreet.com Founder Jim Cramer said on CNBC that “Micron’s core DRAM business could be saved by their disk drive business, but I don’t see the stock

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Citi Enhances Middle Office Services with New Client Reporting Solution

The MarketWatch News Department was not involved in the creation of this content.

Citi has launched a new client reporting solution as the latest enhancement to its middle office services. The new reporting service is built on the industry’s latest technology, including the Vermilion Reporting Suite, a leading global client reporting platform, coupled with Citi’s own Clarity data and analytics platform.

“This enhancement is the result of significant investments Citi has made in technology and intensive teamwork between Citi and our anchor client,” said Sanjiv Sawhney, Global Head of Custody and Fund Services at Citi. “Client reporting is an increasingly important function for asset managers in the investment life cycle, and we are pleased to be able to upgrade this service as part of our commitment to building out a world-class middle office platform.”

Citi’s new client reporting service offers its asset manager clients a low-touch, automated solution for configuring,

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Citi CFO on cutting office footprint, moving workers to low-cost areas

  • Citigroup’s CFO, Mark Mason, said the erroneous $900 million wire the firm recently sent was a chance to speed up plans to update the bank’s risk technology. 
  • Speaking on Monday at Barclays Global Financial Services Conference, Mark Mason, the firm’s chief financial officer, said that the bank is putting $1 billion towards risk and controls this year.
  • Mason also highlighted ways the bank plans to recognize savings during the overhaul, including cutting real estate and moving workers out of pricey locations. 
  • Visit Business Insider’s homepage for more stories.

A Citigroup executive highlighted the erroneous $900 million wire the bank recently sent as a chance to speed up plans to update the bank’s risk technology. 

Speaking on Monday at Barclays Global Financial Services Conference, Mark Mason, the firm’s chief financial officer, said that the bank views the incident as a chance to make changes.

“We recognize that errors like this are

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Microchip Technology to Present at the Citi 2020 Global Technology Conference

The MarketWatch News Department was not involved in the creation of this content.

CHANDLER, Ariz., Sep 08, 2020 (GLOBE NEWSWIRE via COMTEX) —
CHANDLER, Ariz., Sept. 08, 2020 (GLOBE NEWSWIRE) — (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that the Company will present at the Citi 2020 Global Technology Conference on Wednesday, September 9, 2020, at 5:10 p.m. (Eastern Time). Presenting for the Company will be Mr. Steve Sanghi, Chief Executive Officer, and Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer. A live webcast of the presentation will be made available by Citi, and can be accessed on the Microchip website at www.microchip.com.

Any forward looking statements made during the presentation are qualified in their entirety by the discussion of risks set forth in the Company’s Securities and Exchange Commission filings. Copies of SEC filings can

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Seagate Technology plc (STX) CEO Dave Mosley Presents at Citi 2020 Global Technology Conference Call (Transcript)

Seagate Technology plc (NASDAQ:STX) Citi 2020 Global Technology Conference September 8, 2020 2:45 PM ET

Company Participants

Dave Mosley – Chief Executive Officer

Shanye Hudson – Senior Vice President and Investor Relations

Conference Call Participants

Jim Suva – Citigroup

Jim Suva

Hello everyone, and thank you so much for joining us here on the Citi Global Technology Conference, where this year we’re going virtual, of course, given coronavirus. My name is Jim Suva. This fireside chat is with Seagate Technology and importantly, we have the Chief Executive Officer, Dave Mosley joining us, as well as Shanye Hudson, Senior Vice President and Investor Relations.

I do want to remind people that there are disclosures associated with this, and they can be found on the Citigroup Website, as well as Dave will have a few comments about the disclosures. And anybody subject to MiFID II needs to be reminded they need to

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Applied Materials to Participate at Citi Global Technology Conference

The MarketWatch News Department was not involved in the creation of this content.

SANTA CLARA, Calif., Aug 26, 2020 (GLOBE NEWSWIRE via COMTEX) —
SANTA CLARA, Calif., Aug. 26, 2020 (GLOBE NEWSWIRE) — Applied Materials, Inc. today announced that Dan Durn, Senior Vice President and CFO, will participate in a virtual fireside chat at the Citi Global Technology Conference on Tuesday, Sept. 8 beginning at 8:40 a.m. PT / 11:40 a.m. ET.

A live audio webcast of the session will be available on the Applied Materials website at http://www.appliedmaterials.com/company/investor-relations, and a replay of the event will be available on the same day.

About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into

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