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Citigroup CEO Jane Fraser first announced her sweeping restructuring efforts last September. Her plans to rearrange the bank’s leadership, increase accountability and boost the share price, she ...
The SEC's letter to Citi, which was sent in June and disclosed on Wednesday, had asked the bank to revise future filings. In July, U.S. bank regulators fined Citi $136 million for making ...
Citigroup is in the middle of a complicated restructuring.It made it clear Wednesday that its fourth quarter earnings report Friday will be complicated, too. The giant New York-based bank said in ...
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.
Citi has made sweeping restructuring announcements before, under Fraser’s predecessors. “Here we go again, one more Citi restructuring,” said Wells Fargo banking analyst Mike Mayo. “Why is ...
Just think about what Citi does in terms of our footprint, our capabilities, really support the wealth creation from the commercial bank, our investment banking side, markets. And obviously ...
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In the following video, Motley Fool financial analyst Matt Koppenheffer takes investors through the reasons why Bank of America and Citigroup are both down after yesterday's earnings reports. He ...