Citigroup’s earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were up. And consumers remain resilient — though in the words of CEO Jane Fraser on the conference call with analysts,...
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...
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...
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 […]
November 12, 2024
Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said Tuesday. Speaking with Bloomberg Television, Fraser said the bank’s clients had been waiting to begin M&A activity and are now focused on doing so, Bloomberg reported Tuesday. There is demand for M&A activity across industries because companies […]
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...
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...