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Citigroup CEO Jane Fraser is betting a dramatic restructuring can revive the lender's stock price and remove decades of bloat.On Friday she disclosed how deep those cuts will go. The New York bank ...
Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. ... Citi to cut 20,000 jobs ...
On an adjusted basis, Citi reported a profit of $1.34 per share in the fourth quarter, compared with analysts' average estimate of $1.22, according to data compiled by LSEG.
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Jane Fraser (born 13 July 1967) is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. [1] [2] Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
The technology sector led the September total with 11,430 announced job cuts, though the industry has seen 23% fewer reductions so far this year than in 2023. Indeed, other major sectors like ...
Liu has also been included in Crain's Notable Women on Wall Street in 2021 [36] and 2022, [37] as well as in Crain's 40 Under 40. [6] Liu received the Citi Chairman's Council Award for six consecutive years as one of the firm's top performers between 2007 and 2014. [38] In 2023, Liu was presented with an Ellis Island Medal of Honor. [39]