When Jane Fraser took over Citi in March 2021, she inherited a bank saddled with regulatory problems and outdated technology that lagged behind its other household-name peers.
It is a big positive that the market following for Citi has improved, yet the financial performance remains a struggle...our basic question is where can Fraser realistically take the bank?
In September 2023, [Andy Sieg] joined Citi to fix its ailing wealth business. Should he succeed - and should Fraser falter - he has a chance of becoming Citi's next CEO.
The bank has kicked off its grueling annual review process that rates employees from best to worst. These rankings influence who gets promoted and who loses their bonus- or worse.
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