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.
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 to reduce expenses: report (Update)
Citigroup continues job cuts in wealth business and technology unit, following better-than-expected Q4 results and $20B stock buyback program.
Citigroup Slashes Jobs as Cost-Cutting Continues
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.
Citigroup cuts more jobs to meet expense goals, Bloomberg News reports
Citigroup is cutting more jobs this week to meet CEO Jane Fraser's expense goals, Bloomberg News reported on Thursday, citing people familiar with the matter. 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,
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 ...
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 ...
National Mortgage News4d
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.
Financial Advisor IQ4d
Citi Chief Touts Wealth Boss Andy Sieg’s Turnaround Effort
Citigroup 's wealth management unit had a "turning point" in 2024 as wealth head Andy Sieg has focused the unit on ...
Citi beats profit on trading strength, but cuts return targets after 'critical' year
Citigroup beat estimates for fourth-quarter profit, fueled by strength in trading and dealmaking, and announced a $20 billion ...
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 ...
Citi Swings to a Profit and Announces $20B Stock Buyback
Citigroup reported fourth-quarter results that exceeded expectations, sending shares higher in pre-market trading Wednesday.