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Citi paid ex-JPMorgan banker $52M despite allegations of bullying, abusive behavior: report

Nypost · · 736 words · By Ariel Zilber
Financial Industry Scandals Corporate Accountability and Executive Pay Workplace Misconduct and Professional Ethics
open_in_new Read the original article: https://nypost.com/2026/04/30/business/citi-paid-ex-jpmorgan-banker-52m-bullying…

psychologyDetected Techniques

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Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.
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Name Calling / Labeling 70% confidence
Attaching a negative label to a person or group to reject them without evidence.
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Selective Omission 60% confidence
Deliberately leaving out important context or facts that would change interpretation.

fact_checkFact-Check Results

16 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 9
schedule Pending 6
check_circle Corroborated 1
info
“Citi paid ex-JPMorgan banker $52M despite allegations of bullying, abusive behavior: report”
SINGLE SOURCE
The claim regarding a $52 million compensation package paid by Citi to a former JPMorgan banker is mentioned in web search results (e.g., 'Banker lands $52 million Citi role in 48 hours'), but the provided evidence only contains general Wikipedia entries for the banks and no independent news reports detailing the specific payment amount or the allegations of bullying. Therefore, the claim relies heavily on the context of the web search results without full corroboration from multiple independent sources.
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wikipedia NEUTRAL — Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, …
https://en.wikipedia.org/wiki/Citigroup
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wikipedia NEUTRAL — JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational banking institution headquartered in New York City and incorporated in Delaware. It is the largest bank in the United Stat…
https://en.wikipedia.org/wiki/JPMorgan_Chase
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wikipedia NEUTRAL — James Dimon ( DY-mən; born March 13, 1956) is an American businessman who has been the chairman and chief executive officer (CEO) of JPMorgan Chase since 2006. Dimon began his career as a management c…
https://en.wikipedia.org/wiki/Jamie_Dimon
+ 3 more evidence sources
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“Viswas Raghavan was hired by Citigroup in February 2024 as its head of banking, just days after JPMorgan Chase told him he had no long-term future at the firm, according to the Financial Times.”
CORROBORATED
Multiple web search results confirm that Viswas Raghavan was hired by Citigroup as Head of Banking in 2024 and that he previously worked at JPMorgan. The timing of his move and his role are consistent across the search results, suggesting a strong corroboration of the core facts.
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wikipedia NEUTRAL — Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, …
https://en.wikipedia.org/wiki/Citigroup
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wikipedia NEUTRAL — Viswas "Vis" Raghavan is an Indian American investment banker who has served as the head of banking at Citigroup since 2024. He was previously global co-head of investment banking at J.P. Morgan from …
https://en.wikipedia.org/wiki/Viswas_Raghavan
travel_explore
web search NEUTRAL — Viswas "Vis" Raghavan is an Indian American investment banker who has served as the head of banking at Citigroup since 2024. He was previously global co-head of investment banking at J.P. Morgan from …
https://en.wikipedia.org/wiki/Viswas_Raghavan
+ 2 more evidence sources
info
“Raghavan’s hiring by Citigroup followed years of complaints that he berated JPMorgan staff as “a waste of calories,” “ignorant” and “inadequate,” and was prone to explosive outbursts in the office, according to the report.”
SINGLE SOURCE
The claim that Raghavan's hiring followed years of complaints regarding his abusive behavior toward JPMorgan staff is mentioned in web search results (e.g., 'How Citi’s $52mn hire was forced out of JPMorgan over his behaviour'), but the provided evidence lacks specific, independent reports detailing these 'years of complaints' or the nature of the alleged abuse, making it difficult to corroborate the full scope of the claim.
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wikipedia NEUTRAL — Viswas "Vis" Raghavan is an Indian American investment banker who has served as the head of banking at Citigroup since 2024. He was previously global co-head of investment banking at J.P. Morgan from …
https://en.wikipedia.org/wiki/Viswas_Raghavan
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wikipedia NEUTRAL — Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, …
https://en.wikipedia.org/wiki/Citigroup
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wikipedia NEUTRAL — JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational banking institution headquartered in New York City and incorporated in Delaware. It is the largest bank in the United Stat…
https://en.wikipedia.org/wiki/JPMorgan_Chase
+ 3 more evidence sources
info
“In one incident recounted by colleagues, Raghavan allegedly made inappropriate remarks to a group of junior bankers on their first day — telling a story about a woman he once found attractive before adding that “now, she was fat,” comments that drew complaints and were later denied when HR got involved, according to the report.”
SINGLE SOURCE
The specific allegation about inappropriate remarks regarding a woman's weight made to junior bankers is only present in the context of the web search results and is not corroborated by other independent sources or authoritative references provided in the evidence.
travel_explore
web search NEUTRAL — May 27, 2025 · As a banker who recently left Citi, I would like to put in a word of support for Vis Raghavan, the head of the investment bank. Despite complaints that he's paid too much and is upsetti…
https://www.efinancialcareers.co.uk/news/vis-raghavan-is-the…
travel_explore
web search NEUTRAL — Viswas "Vis" Raghavan is an Indian American investment banker who has served as the head of banking at Citigroup since 2024. He was previously global co-head of investment banking at J.P. Morgan from …
https://en.wikipedia.org/wiki/Viswas_Raghavan
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web search NEUTRAL — Sep 29, 2025 · However, Bloomberg says the old Citi guard are vexed about their exclusion from Raghavan's hiring decisions and worried that all the recent spending on recruitment will mean another dir…
https://www.efinancialcareers.com/news/citi-vis-raghavan
info
“Some colleagues described him as a “bully” whose conduct was out of place even by Wall Street standards, citing repeated incidents of intimidation and offensive language, the report said.”
SINGLE SOURCE
The description of Raghavan's conduct as bullying, involving repeated incidents of intimidation and offensive language, is mentioned in the web search results, but the evidence provided does not include multiple independent news reports or authoritative sources detailing these specific allegations.
travel_explore
web search NEUTRAL — “Repeated, unreasonable behaviour directed towards an employee or group of employees that creates a risk to health and safety.” (WorkCover Victoria). “Unreasonable and inappropriate workplace behaviou…
https://www.bartier.com.au/insights/articles/bullying-in-the…
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web search NEUTRAL — Verbal bullying is one of the most common types of bullying. This is any bullying that is conducted by speaking, other use of the voice, or some form of body language, and does not involve any form of…
https://en.wikipedia.org/wiki/Bullying
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web search NEUTRAL — After Hajdini was accused of harassment, attention has also turned to former JPMorgan executive Vis Raghavan's conduct.
https://tribune.com.pk/story/2605664/jpmorgan-scandals-stack…
info
“His conduct had been the subject of multiple internal reviews at JPMorgan Chase over the years, with the bank at one point cutting his pay over behavioral issues, according to the report.”
SINGLE SOURCE
The claim that JPMorgan conducted multiple internal reviews and once cut his pay due to behavioral issues is mentioned in the web search results, but the evidence provided does not include multiple independent news reports or authoritative sources confirming these specific internal actions taken by JPMorgan.
travel_explore
web search NEUTRAL — Viswas "Vis" Raghavan is an Indian American investment banker who has served as the head of banking at Citigroup since 2024. He was previously global co-head of investment banking at J.P. Morgan from …
https://en.wikipedia.org/wiki/Viswas_Raghavan
travel_explore
web search NEUTRAL — Citigroup appointed Viswas Raghavan as its new head of banking from JPMorgan Chase , where there has been a management reshuffle and business reorganization, according to the banks' memos seen by ...
https://www.reuters.com/business/citi-appoints-viswas-raghav…
travel_explore
web search NEUTRAL — Citigroup appointed Viswas Raghavan from JPMorgan as its new head of banking, prompting a wave of changes at his previous firm just weeks after he was promoted.
https://www.cnbc.com/2024/02/26/citi-appoints-viswas-raghava…
info
“Raghavan allegedly described his leadership style in crude terms (“grab them by the balls”) — though his spokesperson denied that characterization.”
SINGLE SOURCE
The specific allegation regarding Raghavan describing his leadership style using crude language is mentioned in the web search results, but the evidence provided does not include multiple independent news reports or authoritative sources confirming this specific incident.
travel_explore
web search NEUTRAL — Viswas "Vis" Raghavan is an Indian American investment banker who has served as the head of banking at Citigroup since 2024. He was previously global co-head of investment banking at J.P. Morgan from …
https://en.wikipedia.org/wiki/Viswas_Raghavan
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web search NEUTRAL — Jan 27, 2026 · Marcelo Marangon and Kaleem Rizvi will become co-heads of corporate banking, reporting to Raghavan, according to a memo seen by Bloomberg News.
https://www.bloomberg.com/news/articles/2026-01-27/citigroup…
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web search NEUTRAL — Jun 4, 2024 · Raghavan was described by two sources who worked with him as a demanding manager, with one noting his confident style. They declined to be identified discussing personnel matters.
https://www.reuters.com/business/finance/citis-new-head-bank…
info
“Senior bankers had grown increasingly alarmed over his management style, with some threatening to quit and others lodging complaints that escalated to top executives, including CEO Jamie Dimon, according to the report.”
SINGLE SOURCE
The claim that senior bankers grew alarmed, threatening to quit, and complaining to top executives like Jamie Dimon is mentioned in the web search results, but the evidence provided does not include multiple independent news reports or authoritative sources confirming this specific escalation of complaints.
travel_explore
web search NEUTRAL — Citi's leadership team comprises our Executive Management Team and Board of Directors. View a list of all our leaders and read their profiles.
https://www.citigroup.com/global/about-us/leadership
travel_explore
web search NEUTRAL — Find out what today's Wordle hint and answer are for game #1,771, April 25, and get some hints for it. You might need them! Plus, see the solutions to previous games.
https://www.tomsguide.com/news/what-is-todays-wordle-answer
travel_explore
web search NEUTRAL — Top 5 Influential Bankers Who Transformed the Financial World.
https://www.investopedia.com/articles/financialcareers/09/mo…
info
“Raghavan had been told by JPMorgan leadership that he had no future at the bank just days after a management reshuffle — with plans underway to sideline him — before he moved quickly to secure the Citi role over a single weekend, the report said.”
SINGLE SOURCE
The details about JPMorgan informing Raghavan he had no future shortly after a management reshuffle are present in the web search results, but the evidence provided lacks corroboration from multiple independent sources or authoritative references to confirm this specific sequence of events.
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wikipedia NEUTRAL — Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, …
https://en.wikipedia.org/wiki/Citigroup
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wikipedia NEUTRAL — JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational banking institution headquartered in New York City and incorporated in Delaware. It is the largest bank in the United Stat…
https://en.wikipedia.org/wiki/JPMorgan_Chase
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wikipedia NEUTRAL — Viswas "Vis" Raghavan is an Indian American investment banker who has served as the head of banking at Citigroup since 2024. He was previously global co-head of investment banking at J.P. Morgan from …
https://en.wikipedia.org/wiki/Viswas_Raghavan
info
“Citigroup told shareholders the $52 million compensation package was needed to “incentivize” Raghavan to leave JPMorgan Chase — but did not disclose that he had already been told he was on his way out at the rival bank, according to the report.”
SINGLE SOURCE
The claim regarding Citi's disclosure to shareholders about the $52 million package is present in the web search results, but the evidence provided does not include multiple independent news reports or authoritative sources confirming the specific details of Citi's shareholder statements.
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wikipedia NEUTRAL — Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, …
https://en.wikipedia.org/wiki/Citigroup
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wikipedia NEUTRAL — JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational banking institution headquartered in New York City and incorporated in Delaware. It is the largest bank in the United Stat…
https://en.wikipedia.org/wiki/JPMorgan_Chase
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wikipedia NEUTRAL — Viswas "Vis" Raghavan is an Indian American investment banker who has served as the head of banking at Citigroup since 2024. He was previously global co-head of investment banking at J.P. Morgan from …
https://en.wikipedia.org/wiki/Viswas_Raghavan
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“Raghavan is a veteran dealmaker who spent more than two decades at JPMorgan Chase, rising through the ranks to become the bank’s top investment banker and one of its most powerful executives in Europe.”
PENDING
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“Over his 23-year tenure, he helped cement JPMorgan’s dominance in European investment banking, driving expansion beyond its US base and climbing to roles including CEO of its Europe, Middle East and Africa business and, ultimately, sole head of global investment banking.”
PENDING
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“Since joining Citigroup, he has been credited with helping revive its long-struggling investment bank, luring top talent from rivals and driving record revenues in the division.”
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“Earlier this year, a Citigroup exec suing for sexual harassment blasted the bank’s investigations unit as an “internal hit squad” that retaliates against employees who report misconduct.”
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“The lawsuit alleges a “pervasive” culture of harassment and claims probes were weaponized to protect the firm and force out whistleblowers.”
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“Citigroup has also denied bombshell sexual harassment claims against wealth chief Andy Sieg, calling the lawsuit baseless and pushing to move the case into arbitration.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.