Jane Fraser News

12.04 / 13:37

markets COST Citi Citigroup Trade performer reports Citi Q1 Results: Profit drops as costs rise for employee severance, deposit insurance

Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said on Friday. That compares with $4.6 billion, or $2.19 per share, a year earlier. «Last month marked the end to the organizational simplification we announced in September,» CEO Jane Fraser said in a statement. «The result is a cleaner, simpler management structure that fully aligns to and facilitates our strategy.» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-articl

12.04 / 12:07

COST Target CEO Citigroup reports Updates Citigroup earnings are out – Here are the numbers

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06.04 / 12:23

UPS Citi Citigroup Opinion Healthcare Inside Citigroup bankers might be interested in BCG's guide to the best jobs of 2027

As Citigroup goes through the process of extracting 20,000 jobs, it's been given a steer by Boston Consulting Group (BCG), whom insiders say has spent the past six months or so examining slides and organization charts assembled by current employees and deciding who is superfluous.

25.03 / 21:37

Citi Reuters CEO Citigroup wellness performer Citigroup to end sweeping overhaul this week after 5,000 layoffs

By Tatiana Bautzer, Lananh Nguyen and Manya Saini

13.03 / 00:49

markets UPS Citi security economy Trade innovations What India's doing domestically is huge... global piece is icing on cake: Citigroup CEO Jane Fraser

growth has started petering out in various parts of the industrial world, particularly the US, there is an increasing likelihood of a soft landing for the major economies emerging out of the «long tail of Covid», Citigroup CEO Jane Fraser tells MC Govardhana Rangan and Bhaskar Dutta. Edited excerpts: You were prophetic about market volatility in 2022. What's in store for 2024?

12.03 / 21:03

COST Provident CEO Citigroup Interviews Destinations Smart policy and execution are big positives for India: Jane Fraser, CEO of Citigroup

Jane Fraser, chief executive officer of Citigroup. India's perfect policy prescriptions, cast-in-stone execution schedules and an unmatched ability to deliver development on a gigantic scale make it a unique investment destination, Fraser told ET in an interview. «The move from more of a cost arbitrage in India to now looking at it in terms of innovation from our Indian tech centres — they are drivers of our business strategy,'' she said. „Citi is doing a huge amount of work in transformation globally. That is all happening here in India.''

11.03 / 15:47

markets UPS Provident FIVE Career Trade Financial Morning Coffee: Female banker of fearsome reputation makes surprise move in London. Prime brokers fomenting the next financial crisis

Debbie Crosbie isn't a 'banker' in the M&A sense, but she does run a bank, and she is doing the kind of deal that will make the actual Financial Institutions Group (FIG) bankers at UBS who are working with her feel vindicated in their career choices.

29.02 / 19:19

FIVE Fox CEO Strategy Citigroup reports Department Citigroup to cut nearly 300 jobs amid layoff spree

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26.02 / 19:59

Citi Reuters CEO JPMorgan Citigroup reports International Citi hires banking head from JPMorgan, prompting reshuffle of bosses

By Tatiana Bautzer and Nupur Anand

16.02 / 16:47

markets FIVE CEO Trade stars Headlines Exclusive-Australia's highest paid banker in talks to join trader Mercuria, sources say

By Chen Aizhu, Praveen Menon and Julia Payne

13.02 / 18:03

Citi Reuters CEO JPMorgan Citigroup Trade International regulatory Citi may need to refocus on regulatory fixes amid restructuring, analysts say

(Reuters) — Citigroup may need to prioritize fixing regulatory issues amid its global reorganization efforts, analysts at J.P.Morgan wrote in a note.

09.02 / 17:57

Citigroup companies Bank of America People moves Citigroup London wealth division faces 10% job cuts - reports

The memo to staff seen by Bloomberg noted that the cuts would include 21 roles in the firm’s private bank division.

09.02 / 11:30

COST UPS Citi Citigroup Solomonic WSJ reports Morning Coffee: The Citigroup cost-cutter encouraging people to stop managing-up. Goldman Sachs' partner party is coming

Andy Sieg, the newish head of wealth management at Citigroup, looks a little older than his 56 years. This might be because managing wealth managers is a stressful business, and he oversaw 25,000 of them at Merrill Lynch before joining Citi last September. Or it might be because he is wise.

26.01 / 06:13

markets UPS Citi stage fun reports Citi fired almost no senior bankers, but the one who left is having fun

Following the early stages of Jane Fraser's Bora Bora reorganisation,Financial News today published a list of the next rung down of Citi managing directors who report to its new sole EMEA head of investment banking, Jens Welter. As with theNovember revelation of the senior appointments at Welter's level, it's all a bit surprising.

19.01 / 12:17

Reuters CEO Citigroup Browser Research Podcasts Updates Citigroup lays off more bosses as CEO Fraser addresses managing directors -sources

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17.01 / 23:59

Citi CEO Citigroup Trade reports Citigroup equities execs leaving as reorganization continues, sources say

By Tatiana Bautzer

17.01 / 02:07

UPS Citi CEO Citigroup information reports NOT Citigroup's 20,000 job cuts are not what you think

If you've been keeping abreast of recent events at Citigroup, you will know that the bank is cutting 20,000 jobs. You will also know that it's already informed London employees that cuts are coming, starting next week. But do not be deceived into thinking that you know everything.

13.01 / 01:11

markets COST Citi Google CEO Citigroup reports Q4 Slash Citigroup plans to slash 20,000 jobs over next two years due to ‘disappointing’ Q4 results

Discord announces workforce reduction of 17%, will layoff 170 employees During the last week of January, Citi is likely to announce more organisational changes. "Efforts to simplify its structure will be largely completed this quarter, saving $1 billion and eliminating about 5,000 mostly managerial roles," CEO Jane Fraser said. The job cuts could cost as much as $1.8 billion, Citigroup said but will save $2.5 billion a year by 2026.

12.01 / 15:05

CEO Citigroup reports Updates International Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul

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12.01 / 15:04

Citi Booking CEO Citigroup Trade performer reports Citigroup posts $1.8 billion fourth-quarter loss after litany of charges

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12.01 / 13:59

Citi FIVE CEO Citigroup cover reports International Q4 Citigroup Q4 Results: Company swings to $1.8-billion loss on slew of charges

insurance fund and carry out a sweeping internal reorganization. The loss was also fueled by the bank stockpiling money to cover currency risks in Argentina and Russia. The third-largest U.S. lender by assets posted a loss of $1.16 per share for the three months ended Dec.

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