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Citigroup cutting more jobs to meet CEO’s expense goals despite strong quarter
Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank’s clients, Bloomberg reported.
Citigroup axes more jobs as part of ongoing cost-cutting plan
Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on Thursday, as a part of the sweeping reorganization under Chief Executive Officer Jane Fraser to cut costs.
Citi Cuts More Jobs in Push to Meet CEO Fraser’s Expense Goals
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.
19h
on MSN
Citigroup CEO Jane Fraser on new buyback program
Citigroup CEO Jane Fraser joins 'The Exchange' to discuss her company's latest earnings, the buyback announcement, her ...
2d
Citigroup Soars as Fraser Plans to Buy Back $20 Billion of Stock
Citigroup Inc. lowered a crucial profitability target central to Chief Executive Officer Jane Fraser’s plan to turn around ...
2d
Wall Street banks JP Morgan, Goldman Sachs post fat profits amid Trump ‘bump’
JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on ...
9d
Wall Street doubts Citi chief Jane Fraser can hit crucial target
Wall Street analysts are betting Citigroup will miss a critical long-term target, heaping pressure on chief executive Jane ...
1d
on MSN
Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
Citigroup is set to report its fourth-quarter earnings Wednesday morning ahead of Wall Street's opening bell. Here are some ...
American Banker
1d
Citi's Fraser defends expenses, long-term investments
Jane Fraser, CEO of Citigroup, told analysts she's not going to sacrifice growth-related investments for short-term gains. "You shouldn't want me to do that," she said.
devdiscourse
2d
Citigroup's Triumphant Turnaround: A Profitable New Era
Citigroup reported a profit increase in the fourth quarter, driven by robust trading and dealmaking activities. The bank also ...
Crain's New York
1d
Citigroup soars as Fraser plans to buy back $20B of stock
The bank unveiled stronger-than-expected results for the fourth quarter, in which revenue rose across all five of its main ...
23h
Citi deploys AI coding tools to 30K developers in modernization push
Citigroup armed 30,000 developers with generative AI coding tools as part of an ongoing modernization push, CEO Jane Fraser ...
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