British-American banking executive, Chief Executive Officer of Citi
Wall Street's bosses are finally seeing signs of a broader pickup in investment banking, but they are not cheering too loudly just yet ... Show more finance.yahoo.com/news/wall-street-bosses-cheer-investment-160527399.html
Citigroup is laying off hundreds of employees in New York and Florida: The bank said it plans to cut 20,000 jobs over the next two years as part of a ...
qz.com/citigroup-is-laying-off-hundreds-of-employees-1851379771
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Citigroup’s Chief Executive Prankster Doesn’t Wait for April 1: Jane Fraser’s gags include kidnapped teddy bears and embarrassing photos; the planning is ...
on.wsj.com/3xbgm20
Citigroup Cut US Tech Banker Jobs During Broad Reorganization: Citigroup Inc. implemented a fresh round of job cuts in its US investment bank last week ...
bloomberg.com/news/articles/2024-04-01/citigroup-cut-us-tech-banker-jobs-amid-broad-reorganization
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Citi: The megabank that is always rebuilding: The company has long been criticized for its lagging financial performance and its complexity ...
americanbanker.com/news/citi-the-megabank-that-is-always-rebuilding
Top Citi Banker Sees Deals Pick Up in Sign Slump is Nearing End: Citigroup Inc.’s David Livingstone said his firm’s underwriters and dealmakers have seen a ...
bloomberg.com/news/articles/2024-03-04/top-citi-banker-says-dealmakers-have-had-busy-start-to-year
Are things going backwards for women on Wall Street? : Those with the chops to make it to senior management in banking may not want to sit around and wait their ...
ft.com/content/da7ed598-daa1-4d62-92f7-6582d1c12d7a
Paid articlePaid Citigroup Hires Vis Raghavan From JPMorgan as Head of Banking: Citigroup Inc. hired JPMorgan Chase & Co.’s Viswas Raghavan as head of banking and executive ...
bloomberg.com/news/articles/2024-02-26/citigroup-hires-vis-raghavan-from-jpmorgan-as-head-of-banking
Paid articlePaid Citigroup’s Hedge-Fund Sales Boss Davis to Leave During Overhaul: Conor Davis, one of the most senior sales executives at Citigroup Inc.’s trading unit ...
bloomberg.com/news/articles/2024-02-23/citigroup-s-hedge-fund-sales-boss-davis-to-leave-amid-overhaul
Paid articlePaid The JPMorgan banker tasked with reviving Citi’s investment bank: Vis Raghavan is quitting the world’s top investment banking franchise for the highest-profile ...
ft.com/content/ac417654-5672-4aaf-bd72-33bd5fe65bcd
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Citigroup CEO Jane Fraser received $26 million in pay increase: Citigroup's CEO Jane Fraser is still paid less than other major bank CEOs on Wall Street.
businessinsider.com/citigroup-ceo-jane-fraser-pay-increase-to-26-million-2024-2
Paid articlePaidQuick Glance: Bloomberg - Are You a Robot?
- Citigroup increased CEO Jane Fraser's pay by 6% to $26 million for streamlining operations.
- Citigroup shares surged nearly 14% after years of decline.
- CEOs of other banks like Goldman Sachs and Morgan Stanley also received pay raises.
Citi CEO Jane Fraser Says Bank Reorganization Faster Than Expected: A Citigroup Inc. reorganization aimed at streamlining the bank and making it more competitive ...
bloomberg.com/news/articles/2024-03-05/citi-ceo-says-reorganization-has-gone-swifter-than-expected
Paid articlePaid Citi raises CEO Jane Fraser’s pay to $26mn citing streamlining of strategy: Salary and bonus rise a combined 6% despite 40% decline in profits at bank in 2023
ft.com/content/d75e8bb4-d1d1-42f8-825c-102e9cff862c
Paid articlePaid Viswas Raghavan: Meet Citi's (C) Newest Hire Tapped to Lead Its Banking Division
bloomberg.com/news/articles/2024-02-27/hard-charging-dealmaker-raghavan-to-take-on-citi-underperformers
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Wall Street’s most powerful woman Jane Fraser sees pay rise to $26 million despite Citigroup profits falling almost 40%
fortune.com/2024/02/21/citigroup-ceo-jane-fraser-pay-rise-26-million-wall-street-most-powerful-woman/
Paid articlePaid Macquarie’s Highest Paid Banker Who Earned More Than Dimon Steps Down: Macquarie Group Ltd.’s powerhouse commodities head Nick O’Kane, who famously earned more ...
bloomberg.com/news/articles/2024-02-12/macquarie-s-highest-paid-banker-who-earned-more-than-dimon-steps-down
Citigroup CEO receives large salary boost despite low company profits: A new filing reveals that the Citigroup executive received a 6% salary for 2023 ...
thestreet.com/employment/citigroup-ceo-receives-large-salary-boost-despite-low-company-profits
Why I Brought My Toddler to Protest at Citi CEO Jane Fraser’s House: While we go about our day-to-day lives, fossil fuel and Wall Street CEOs like Fraser are ...
commondreams.org/opinion/citi-climate-protest
Citigroup has increased the salary of its CEO to 26 million dollars: Jane Fraser, CEO of Citigroup, will receive a 6 percent pay raise in 2023 ...
businessinsider.de/wirtschaft/international-business/die-citigroup-hat-das-gehalt-ihrer-ceo-auf-26-millionen-dollar-erhoeht/
Citigroup CEO Jane Fraser got a raise last year, but still makes less than rival bank CEOs
marketwatch.com/story/citigroup-ceo-jane-fraser-got-a-6-raise-last-year-heres-how-her-compensation-compares-to-other-bank-ceos-481d0de1
Macquarie’s $58 million man leaves for greener pastures: Nick O’Kane became a human headline last year when he pocketed more than Macquarie chief executive ...
smh.com.au/business/companies/macquarie-s-58-million-man-leaves-for-greener-pastures-20240213-p5f4k8.html
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
cnbc.com/2024/01/12/citigroup-cutting-10percent-of-workforce.html
Quick Glance: Citigroup Announces 10% Workforce Reduction
- Citigroup announced a 10% reduction in its workforce to boost the bank's results and stock price.
- Approximately 20,000 employees will be let go in the medium term, as stated in a fourth-quarter presentation.
- CEO Jane Fraser announced a comprehensive overhaul of the third-largest U.S. bank by assets in September.
- The moves could help trim up to $2.5 billion in costs over time, as stated by the bank.
Warren Buffett Tells Citi CEO to Continue Overhaul, Reuters Says: Citigroup Inc. Chief Executive Officer Jane Fraser said billionaire investor Warren Buffett had ...
bloomberg.com/news/articles/2024-01-20/warren-buffett-tells-citi-ceo-to-continue-overhaul-reuters-says
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Citi to cut 20K jobs as bank posts worst fourth-quarter loss in 15 years: Citigroup plans to slash 20,000 jobs over the next two years after the struggling bank ...
nypost.com/2024/01/12/business/citi-to-cut-20k-jobs-after-worst-fourth-quarter-loss-in-15-years/
Quick Glance: Citi Plans 20K Job Cuts After Record Loss
- Citigroup plans to cut 20,000 jobs over the next two years after reporting a record loss in the fourth quarter.
- The bank expects to further reduce its headcount by 40,000 jobs when it takes its Mexican consumer unit Banamex public next year.
- The bank currently has 239,000 employees worldwide and anticipates an IPO for its Mexican subsidiary.
- The bank's fourth-quarter revenue fell 3% to $17.4 billion from the previous year.
Bank of America's return-to-office policy just got more foul: The bank has allegedly just issued a stern warning to its workers.
thestreet.com/employment/bank-of-americas-return-to-office-policy-just-got-more-foul
Quick Glance: Warning for Delayed Return to Office
- Banks take tougher stance due to weaker financial job market
- Bank of America issues 'letters of education' to warn employees for office absence
- In-office requirement at BofA remains unchanged, majority of workers comply with rules
- BofA issues 'letters of education' to address workplace issues, started last autumn for attendance concerns
Trio of Citigroup Equities Bosses Depart Amid Fraser’s Revamp: Three top executives within Citigroup Inc.’s equities-trading business have left as Chief ...
trib.al/733Rl20
Citigroup Stock (C) to Double Over Next Three Years, Mike Mayo Predicts: Mike Mayo is doubling down on his bullish call for Citigroup Inc.
bloomberg.com/news/articles/2024-01-02/citigroup-stock-c-to-double-over-next-three-years-mike-mayo-predicts
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Job cuts at Citibank: 20,000 roles to be axed by Wall Street giant: Citigroup inc. said it expects to incur as much as $1 billion in severance and reorganization ...
wionews.com/videos/job-cuts-at-citibank-20000-roles-to-be-axed-by-wall-street-giant-679618
Citigroup is planning a major cost-cutting move amid high expenses: The bank is following a trend that's been negatively affecting employees at large ...
thestreet.com/employment/citigroup-is-planning-to-make-a-major-cost-cutting-move-amid-high-expenses
Quick Glance: Citigroup's Massive Workforce Reduction
- Citigroup is planning to reduce its workforce by 10% to improve the bank's results and stock price.
- Approximately 20,000 employees are set to be laid off in the medium term, as announced in Citigroup's fourth-quarter earnings presentation.
- CEO Jane Fraser announced a comprehensive restructuring of the third-largest U.S. bank by assets in September.
- The company has already conducted multiple waves of layoffs and is planning another round of cuts for January 22.
Citigroup will shutter its municipal business, one of the most dramatic moves yet by CEO Jane Fraser as she seeks to squeeze better returns out of the Wall ... Show more trib.al/NYexTo4
The women who are bank CEOs
: Of the 11 women on our list, only one – Citi's Jane Fraser – leads one of the U.S.'s 50 largest banks.
americanbanker.com/list/the-women-who-are-bank-ceos
Paid articlePaid Jane Fraser’s Empathy at Citigroup Doesn’t Mean a 'Soft Touch’: A tough remodeling job at the underperforming bank will test the CEO’s leadership in 2024.
bloomberg.com/opinion/articles/2023-12-27/jane-fraser-s-empathy-at-citigroup-doesn-t-mean-a-soft-touch
Citi Shuts Muni Bond Business That Once Was Envy of Rivals: Citigroup Inc. will shutter its municipal business, one of the most dramatic moves yet by Chief ...
bloomberg.com/news/articles/2023-12-14/citi-shuts-muni-bond-business-that-once-was-envy-of-rivals-c
Citigroup CEO Jane Fraser is extending her retrenchment strategy by exiting distressed-debt trading -- a cash-intensive business whose profitability can vary ... Show more trib.al/8Zgziu3
Citigroup employees, on edge over layoffs, told they can work remotely until the new year
cnbc.com/2023/12/15/citigroup-employees-told-they-can-work-remotely-until-new-year.html
Morgan Stanley CEO Says AI Can Keep Bad Actors Out of Bank System
bloomberg.com/news/live-blog/2023-12-06/wall-street-ceos-in-the-senate
Predictions: mind the valuation gap at Citi: US bank does have a bright spot in its services unit
ft.com/content/43162935-8964-4352-8751-828f9092dda7
Citigroup is eliminating more than 300 senior manager roles as part of CEO Jane Fraser’s efforts to simplify the Wall Street giant.
Sonali Basak reports trib.al/PaWlfWU
Citi Suit Raises #MeToo Claims at Wall Street’s Top Levels: Ardith Lindsey’s lawsuit accusing Citigroup Inc. of tolerating years of sexual harassment and assault ...
bloomberg.com/news/articles/2023-12-19/citi-suit-raises-metoo-allegations-at-wall-street-s-top-levels
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Citi to cut 20,000 roles in Fraser’s bid to boost returns: Jobs will be axed over next three years as banking group reported its worst quarter in 15 years
businesspost.ie/news/citi-to-cut-20000-roles-in-frasers-bid-to-boost-returns/
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US bank must warn: Citigroup weighs risks in Argentina: The third largest American bank has to increase its provisions and thus wipes out a usual quarterly ...
faz.net/aktuell/finanzen/citigroup-belasten-risiken-in-argentinien-19441208.html
Is a recession on the horizon? More bank CEOs think so: Add Citigroup CEO Jane Fraser to the growing list of bank CEOs who are warning about tough times ahead.
cnn.com/2023/12/06/investing/bank-ceos-testify-congress/
Will the Citi Turnaround Work? CEO Jane Fraser Makes Her Case.: Citigroup has managed to avoid many of the pitfalls plaguing other banks.
barrons.com/articles/citi-ceo-fraser-turnaround-stock-049b24f7
Paid articlePaid Citigroup set to announce first big round of lay-offs: Chief executive Jane Fraser’s overhaul of Wall Street bank could result in thousands of job cuts
ft.com/content/c0f404fd-2f0d-4a4f-8d5c-0c469023a5e3
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Wall Street bank bosses warn Congress that new rules risk hurting US economy: Senate banking committee chair argues lobbying fight is ‘why people hate’ Wall ...
theguardian.com/business/2023/dec/06/wall-street-testify-congress-bank-regulations
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul: Under pressure to improve Citigroup's performance, the bank will announce layoffs ...
cnbc.com/2023/11/15/citigroup-layoffs-begin-in-jane-fraser-overhaul.html
Who are the Wall Street bankers selling stock like Jamie Dimon?: The FT rounds up the US bank executives cashing in their shares
ft.com/content/365500c1-d4e4-47a3-bb03-78730b3761d5
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Citigroup employees brace for layoffs, management overhaul - sources: Citigroup (C.N) CEO Jane Fraser and her executive management team announced on Monday the ...
reuters.com/business/finance/citigroup-employees-brace-layoffs-management-overhaul-sources-2023-11-20/
Citi names Gutiérrez-Orrantia Europe banking and cluster head in restructure: The latest step in the bank's reorganisation was announced on Monday ...
reuters.com/markets/europe/citi-names-gutirrez-orrantia-head-banking-europe-restructure-sources-2023-11-20/
Citigroup (C) Job Cuts Set to Start as Soon as Monday: Citigroup Inc. will start a round of job cuts as soon as Monday as part of its sweeping reorganization ...
bloomberg.com/news/articles/2023-11-17/citigroup-s-wave-of-job-cuts-poised-to-start-as-soon-as-monday
Why the CEOs of Goldman, Morgan Stanley and Citi are gathering in Hong Kong: Big names in finance arrive in the territory amid continued tensions between China ...
ft.com/content/bed01219-ae63-4b7d-9752-60e2442c57c5
Paid articlePaid Citi to Work With Indian Bank to Fund Female Entrepreneurs, CEO Jane Fraser Says: Citigroup Inc. plans to unveil a partnership with a bank in India to fund ...
bloomberg.com/news/articles/2023-11-16/citi-to-work-with-indian-bank-to-fund-entrepreneurs-fraser-says
Musk, Citi’s Fraser Among the CEOs Wooing China’s Xi at APEC: Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals ...
bloomberg.com/news/articles/2023-11-14/musk-citi-s-fraser-among-the-ceos-wooing-china-s-xi-at-apec
Citigroup considering at least 10% job cuts in major businesses - CNBC: Citigroup's (C.N) managers and consultants working on CEO Jane Fraser's reorganization ...
reuters.com/business/finance/citigroup-mulls-least-10-job-cuts-major-businesses-cnbc-2023-11-06/
Morgan Stanley’s new CEO inherits rich pickings: Ted Pick’s appointment as chief executive of Morgan Stanley (MS.N) is Wall Street finance’s equivalent of a ...
reuters.com/breakingviews/morgan-stanleys-new-ceo-inherits-rich-pickings-2023-11-02/
Citigroup (C) Weighs Shutting Muni Bond Business: Chief Executive Officer Jane Fraser is weighing whether to shutter Citigroup Inc.’s municipal-bond trading and ...
bloomberg.com/news/articles/2023-11-03/citi-weighs-shutting-once-dominant-muni-business-as-profits-lag
The perils of Citi’s prolonged restructuring: Staff left on tenterhooks as they await news of big job cuts across the bank
ft.com/content/270dffef-876b-4384-ae82-c35e455069e1
Paid articlePaid All 3 of Morgan Stanley’s CEO candidates are staying on in a Wall Street rarity—$20m bonuses might have helped
fortune.com/2023/10/30/morgan-stanley-ceo-candidates-ted-pick-shares-award/
Paid articlePaid Citigroup CEO Jane Fraser Says the ‘New S’ in ESG Is Security: The escalating tensions between Israel and Hamas are prompting global business chiefs to think ...
bloomberg.com/news/articles/2023-10-24/citigroup-ceo-jane-fraser-says-the-new-s-in-esg-is-security
Wall Street CEOs are sounding even more somber about the near future: Some of Wall Street's top executives offered new warnings this week about the economy ...
finance.yahoo.com/news/wall-street-ceos-are-sounding-even-more-somber-about-the-near-future-102638851.html
Ray Dalio, Citi CEO Jane Fraser Sound Pessimistic Notes at Saudi Conference: Bridgewater Associates LP founder Ray Dalio said he’s pessimistic about the global ...
bloomberg.com/news/articles/2023-10-24/dalio-citi-s-fraser-sound-pessimistic-notes-at-saudi-conference
Citi CEO Fraser touts 'clear benefits' of diversifying supply chains: Geopolitical tensions and macroeconomic shocks are spurring businesses and governments into ...
reuters.com/business/citi-ceo-fraser-touts-clear-benefits-diversifying-supply-chains-2023-11-16/
Citigroup is winding down another piece of its consumer banking empire outside the US in the latest step by CEO Jane Fraser to simplify America's third-largest ... Show more yhoo.it/48AP1EQ
Citi profits edge higher despite worries over consumer finances: US bank defies expectations of falling profits with 2% increase in net income
ft.com/content/1d847027-d6d5-4a22-88b5-85eefb23a23b
Paid articlePaid Bloomberg Evening Briefing: Citigroup Peels Back Five Management Layers: Get caught up.
bloomberg.com/news/newsletters/2023-10-13/bloomberg-evening-briefing-citigroup-peels-back-five-management-layers
Citigroup has 'no room for bystanders' in reorganization, CEO says: Citigroup CEO Jane Fraser said on Friday that top employees were on board with the company's ...
reuters.com/business/finance/citigroup-has-no-room-bystanders-reorganization-ceo-says-2023-09-29/
Quick Glance: Citigroup CEO: No Room for Bystanders in Reorganization
- Fraser confirms top employees are on board with the sweeping reorganization.
- The company will provide an update on estimated savings in the fourth quarter.
- Sources suggest that employees in compliance and risk management are most likely to be affected by layoffs.
- Fraser emphasizes the bank's ability to manage a potential recession.
‘Get off the train’: Citi’s Jane Fraser sends tough message on big overhaul: Lender is cutting jobs and hacking back top-heavy management structure
ft.com/content/5e8d7d8f-e435-4c80-b275-0b1baea86f8f
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Citigroup outlines process for layoffs, reassignments in global staff memo: Layoffs come as banking giant undertakes its biggest reorganisation in decades ...
straitstimes.com/business/citigroup-outlines-process-for-layoffs-reassignments-in-global-staff-memo
Quick Glance: Citigroup Announces Restructuring - Layoffs and Reassignments Planned
- Citigroup managers are currently reviewing personnel to decide who will remain, be reassigned, or be laid off by November.
- There will be adjustments to roles, new roles will be created, and roles that do not fit the new structure will be eliminated.
- The content of the memo has not been previously disclosed.
- Citi declined to provide comments on the global memo.
‘Cracks’ are starting to appear in consumer spending, warns Citigroup CEO Jane Fraser—and the worst may be yet to come
fortune.com/2023/10/02/citigroup-ceo-jane-fraser-cracks-showing-consumers-worst-to-come/
Paid articlePaid Citigroup Plans Job Cuts as It Revamps Top Management Structure: Citigroup Inc. is preparing for a wave of job cuts as Chief Executive Officer Jane Fraser ...
bloomberg.com/news/articles/2023-09-13/citigroup-plans-job-cuts-as-it-revamps-top-management-structure
Quick Glance: Citigroup CEO Jane Fraser leads major overhaul
- Fraser simplifies the company, reduces jobs, and increases control over key businesses.
- Fraser's appointment aims to transform the company and boost the stock price.
- She focuses on the institutional business to become the leading global bank for corporations and asset managers.
- Fraser is the first female CEO of a Wall Street bank.
Citi Sees Signs of Weakness in US Consumers With Low FICO Scores: Citigroup Inc. Chief Executive Officer Jane Fraser is starting to see signs of weakness in US ...
bloomberg.com/news/articles/2023-09-29/citi-sees-cracks-forming-in-us-consumers-with-low-fico-scores
Asia is a 'bright spot' for economic growth amid geopolitical tensions, says Citigroup CEO Jane Fraser
channelnewsasia.com/business/asia-bright-spot-citigroup-ceo-jane-fraser-cybersecurity-artificial-intelligence-3861826
Citigroup Job Cuts: Europe Boss Departs Amid CEO Fraser’s Sweeping Overhaul: Kristine Braden, the head of Citigroup Inc.’s Europe unit, is leaving the US lender ...
bloomberg.com/news/articles/2023-09-15/citigroup-s-europe-boss-departs-amid-fraser-s-sweeping-overhaul
Top Citi Banker Says Restructuring Will Eliminate Regional Roles: Citigroup Inc. will eliminate layers of management focused on specific regions as part of Chief ...
bloomberg.com/news/articles/2023-09-18/top-citi-banker-says-restructuring-will-eliminate-regional-roles
Citigroup’s Jane Fraser Makes Hard Decisions on Job Cuts: Investment banking is among the problems to be solved.
bloomberg.com/news/newsletters/2023-09-15/citigroup-s-jane-fraser-makes-hard-decisions-on-job-cuts
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Citigroup reorganizes business model to streamline operations: Citigroup is making "significant changes" to streamline its organizational model ...
foxbusiness.com/markets/citigroup-reorganizes-business-model-streamline-operations
Citigroup CEO Jane Fraser is weighing an overhaul of the firm’s most powerful committee of decision makers as she seeks to simplify the Wall Street giant trib.al/sAUuTvR
Citi Mulls Institutional Clients Group Split as Ybarra Exits: FT: Citigroup Inc. Chief Executive Officer Jane Fraser is weighing a plan to break up the company’s ...
bloomberg.com/news/articles/2023-08-21/citi-mulls-institutional-clients-group-split-as-ybarra-exits-ft
Jane Fraser’s Citigroup overhaul hits London with 250 roles up for review: Citigroup is putting 250 jobs in the UK under review as boss Jane Fraser kicks off her ...
cityam.com/jane-frasers-citigroup-overhaul-hits-london-with-250-roles-up-for-review/
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