Citigroup Inc. eliminated more jobs this week, just as executives were announcing new share buybacks and doubling down on Chief Executive Officer Jane Fraser’s commitment to expense reductions.
heaping pressure on chief executive JaneFraser to prove her sweeping overhaul will succeed in turning around one of America’s biggest banks. Analysts expect Citi to reach return on tangible ...
UPDATE: This article includes comments made during Citi's earnings call. Citigroup CEO JaneFraser made her feelings about expenses crystal clear on Wednesday: The megabank, which has been ...
Ida Liu, an 18-year veteran of the bank, did not detail her future plans. Citi eliminated her post and will instead have four regional private-banking chiefs.
Among those innovations is Citi Payments Express, the bank’s “simplified banking platform.” The bank converted 4 million retail bank customers to the platform in 18 countries. The bank spent $11.8 ...
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