#citigroup-restructuring

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#net-interest-income #higher-for-longer-rates #wells-fargo-asset-cap-removal #job-cuts
Business
from24/7 Wall St.
4 days ago

Citigroup vs Wells Fargo: Which Wins on Dividends, Buybacks, Interest Rate Exposure?

Investors sold off Wells Fargo and Citigroup despite solid earnings because of concerns about net interest income pressure in a higher-for-longer rate environment.
Business
fromFortune
1 month ago

Citigroup CEO Jane Fraser warns of job cuts and says it's time to raise the bar in a fiery memo to staff: 'we are not graded on effort' | Fortune

Jane Fraser is enforcing a results-driven overhaul at Citigroup, beginning with about 1,000 job cuts and potential reductions up to 20,000 roles.
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