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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.
4d
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 ...
Crain's New York
5d
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 ...
12d
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 ...
5d
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 ...
National Mortgage News
5d
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.
Opinion
5d
Opinion
Goldman Sachs and Citigroup Are the Haves and Have-Nots
David Solomon has refocused Goldman on its core skills, while Jane Fraser is still struggling to get Citi into shape.
devdiscourse
5d
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 ...
5d
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 ...
4d
on MSN
Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks
Citigroup cut its closely watched profitability target in 2026 as it tackles rising regulatory expenses and, at the same time ...
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