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...Citi announced the rejig on Monday in an internal memo signed by Carey Lathrop and Andy Morton, who took over running the markets division when Mr Ybarra became head of the investment bank earlier this year...
...At Citi, Mr Lathrop described a “slowdown” in July which he expected to continue into August, contributing to a second-half performance that was similar to that of the past few years....
...Mr Corbat thanked both for “a job well done.”...
...Mr Lathrop was due to step up to become head of Citibank NA — but that job is being taken by Mary McNiff, Citi’s chief auditor....
...Free cash flow A few weeks ago, some hawk-eyed Californians spotted what seemed to be a sea of Tesla's in a distribution facility in Lathrop, around an hours drive from the Fremont factory....
...Mr Merchant expects people to stay in The Collective for an average of nine months to a year....
...Steelcase’s Mr Lathrop may be busy thinking up innovative places in which to slip sensors, but he does consider the potential impact on employees....
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