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Citi Bank in Spotlight After Harassment Allegations Against Senior Leader

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A top executive of Citi Group has filed a harassment complaint against another top executive and has also filed a lawsuit against the bank. The case has been filed on January 26, 2026, in the U.S. District Court for the Southern District of New York.

Julia Carreon, former Citigroup managing director
Julia Carreon, former Citigroup managing director

Julia Carreon, a former Citigroup managing director, has filed a lawsuit against the bank. She alleged that she was forced out after experiencing a “campaign of unrelenting and egregious sexual harassment” by top executive Andy Sieg, the head of wealth management.

Post by Financial Times on Instagram related to Julia Carreon, former Citigroup managing director
Post by Financial Times on Instagram related to Julia Carreon, former Citigroup managing director

Carreon worked in Citi’s wealth-management division until 2024. She was hired as a managing director in 2021 to transform the wealth management unit’s digital experience.

She is now seeking unspecified damages from the bank for emotional pain, mental anguish, and inconvenience, among other things.

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What complaints did she file?

Carreon alleges that Sieg frequently called and texted her late at night, insisted her to sit near him during meetings and told colleagues that they shared a “secret song.”

Sieg’s actions led other employees to falsely believe Carreon had an affair with him to gain a promotion. He did not deny this rumor which damaged her professional reputation.

Carreon alleged that Citigroup’s HR department investigated her, not Sieg, over the false allegations and ultimately forced her out of the company in June 2024.

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As per report by Financial Times, Sieg “talked with sexual undertones, for example, calling her at night and telling her . . . he [had been] ‘glazing her so hard that it made him feel dirty’, or words to that effect”, the filing stated.

“This pervasive sexual harassment created a hostile work environment that robbed Carreon of power in the workplace, deprived her of her chance to shine on her own merit, and damaged her professional reputation. Others at Citi felt free to treat Carreon as worthless, incapable, and powerless because they believed that she had achieved success through an affair with Sieg rather than business acumen,” the lawsuit alleged.

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What Citigroup said?

Citigroup has rejected the claims, stating the lawsuit “has absolutely no merit,” and is attempting to move the case to private arbitration, the Wall Street Journal reported.

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A Citi spokesman said the lawsuit “has absolutely no merit, and we will demonstrate that through the legal process.”

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Hellobanker Team

Hellobanker.in is India's leading banking and finance news portal. Our expert team covers banking policies, RBI updates, financial markets, and investment insights.
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