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Dublin: 8 °C Tuesday 21 January, 2020

#Citibank

# citibank - Friday 13 December, 2013

Central Bank fines Citibank €550,000 for inaccurate liquidity reporting

It is the fourth settlement reached by the Central Bank over liquidity requirement breaches over the past four years.

# citibank - Wednesday 5 December, 2012

Citigroup to cut 11,000 jobs and scale back global operations

The jobs will be cut in a move to boost efficiency, as Citi focuses on 150 cities worldwide that have the highest growth potential in consumer banking.

# citibank - Saturday 14 July, 2012

Visa and Mastercard pay out billions over alleged fixing of credit card fees

Millions of merchants in the US had sued the credit card giants over alleged fixing of card use fees.

# citibank - Tuesday 8 May, 2012

New York City to launch public bike share scheme this summer

The city’s awaited bike scheme, launching this summer, will provide a “new, affordable, 24/7 transportation option for New Yorkers” according to Mayor Michael Bloomberg.

# citibank - Sunday 6 March, 2011

AIB proposes operations split as Central Bank reviews plans for bank restructuring

The proposals form part of final plans for financial restructuring of Irish banks that have been submitted to the Central Bank.

# citibank - Wednesday 11 August, 2010

DO YOU HAVE pretty eyes? Nice hair? Soft skin?

Good luck getting a job then.

But only if you’re a woman and you want to be a driver – or a director of finance.

Or a mechanical engineer, a director of security, a hardware salesperson, a prison guard, a construction supervisor…Well, let’s just say anything that is considered sufficiently “masculine”.

According to findings published in the Journal of Social Psychology, if you’re a beautiful woman your chances of bagging a job as manager of research and development – aka a “masculine sex-type job” – are very slim indeed.

Stefanie Johnson, assistant professor of management at UC Denver Business School, found that despite good looks generally being beneficial for both women and men – whether they are job-hunting, looking for a pay rise, or even standing trial – an exception to the rule is applied to attractive women trying to enter particular roles.

Johnson found that in roles traditionally seen as masculine, and for which appearances are not seen as important, beautiful women were typically overlooked.

Participants in one experiment were given a list of jobs and a two pile of photos of applicants: a stack of 55 men and another stack of 55 women. They were then asked to match the applicant to the jobs according to their suitability.

Attractive women were overlooked for positions for which appearance was perceived to be unimportant, like director of security, hardware salesperson, prison guard and tow truck driver. Instead beautiful women tended to be sorted into positions like receptionist or secretary.

Johnson said:

One could argue that, under certain conditions, physical appearance may be a legitimate basis for hiring… In jobs involving face-to-face client contact, such as sales, more physically attractive applicants could conceivably perform better than those who are less attractive. However it is important that if physical attractiveness is weighed equally for men and women to avoid discrimination against women.

The study echoes the case of Debrahlee Lorenzana earlier this year, who claims that she was sacked from her job at Citibank on the sole basis of being too attractive.

Lorenzana alleges that her managers gave her a list of clothes that she was not allowed to wear: turtlenecks, pencil skirts, fitted suits, and three-inch heels. Her suit says: “As a result of her tall stature, coupled with her curvaceous figure… (Lorenzana was told) she should not wear classic high-heeled business shoes, as this purportedly drew attention to her body in a manner that was upsetting to her easily distracted male managers.”

Citigroup deny the alleagtions and saying: “Citi is committed to fostering a culture of inclusion and providing a respectful environment in the workplace”.

But regardless of whether Lorenzana’s case has merit or not, Johnson’s study shows that women still have some way to go before being taken seriously in the workplace – even, it would seem, for jobs where looks don’t matter.