Citigroup is cutting more jobs this week to meet CEO Jane Fraser’s expense goals, Bloomberg News reported Thursday, citing people familiar with the matter. Managing directors in the wealth and ...

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.

Jane Fraser’s stint at Citigroup, long marred by the regulatory orders she inherited when she took the role in 2021, has had a largely back-to-basics tone. Wall Street’s first female CEO ...

The moves sent shares soaring to their highest level in more than three years as investors looked past signs that Chief Executive Officer Jane Fraser is struggling to contain costs. “2024 was a ...

On Thursday, Citigroup announced that Jane Fraser would succeed Mike Corbat as CEO when he retires in February 2021. Fraser is currently the president of Citigroup and the CEO of Global Consumer ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wall Street analysts are betting Citigroup will miss a critical long-term target, heaping pressure on chief ...

On Thursday, Citigroup announced that its CEO of eight years, Michael Corbat, 60, will be replaced in February 2021 by Jane Fraser, 53. The news means that Fraser will become the first female CEO ...