Consumers are becoming more cautious in their spending, Citi CEO Jane Fraser said Tuesday (April 30). Speaking at the bank’s annual meeting, Fraser told shareholders that while consumers remain “healthy and resilient,” they are also becoming “more discerning in their spending patterns,” Reuters reported Tuesday. Consumers are making small purchases,...
Citigroup has begun the next phase of its previously announced organizational changes. “Today we shared with our colleagues the next layer of changes across many of our businesses and functions as we continue to align Citi’s organizational structure with our new, simplified operating model,” the...
Citigroup has reportedly begun cutting jobs as part of its CEO’s companywide overhaul. Workers at the banking giant were expected to be informed of the layoffs Wednesday (Nov. 15), with new cuts announced each day through next week CNBC reported, citing sources with knowledge of the...
Citigroup is reportedly weighing wide-ranging job cuts as part of its CEO’s reorganization plans. Managers and consultants at work on “Project Bora Bora” — the in-house code for CEO Jane Fraser’s restructuring — have talked about cuts of at least 10% across a number of Citi’s...
July 25, 2023
Generative artificial intelligence (AI) has quickly become one of the most important topics of our time, and global banks are beginning to explore the possibilities of the technology so as not to miss out on the impact it is poised to have on the financial services sector. Citi CEO Jane Fraser recently expressed the importance of banks […]
June 17, 2024
Citigroup is reportedly putting its services business at the forefront of its upgrade project, highlighting how the global movement of money can enhance profitability. The services business, one of the bank’s five newly formed divisions, will be the focus of an investor day at Citigroup’s Manhattan headquarters on Tuesday (June 18), Bloomberg reported Monday (June […]
April 30, 2024
Consumers are becoming more cautious in their spending, Citi CEO Jane Fraser said Tuesday (April 30). Speaking at the bank’s annual meeting, Fraser told shareholders that while consumers remain “healthy and resilient,” they are...
November 20, 2023
Citigroup has begun the next phase of its previously announced organizational changes. “Today we shared with our colleagues the next layer of changes across many of our businesses and functions...
November 15, 2023
Citigroup has reportedly begun cutting jobs as part of its CEO’s companywide overhaul. Workers at the banking giant were expected to be informed of the layoffs Wednesday (Nov. 15), with...
