Citigroup Slashes Year-end Promotions Amid Cost-cutting Drive
Citigroup plans to significantly reduce the number of year-end promotions to curb costs during its ongoing restructuring, the Financial Times reported on Tuesday.According to the report, only 2,000 employees are expected to receive pay hikes and title changes in the next month,
CEO Jane Fraser is moving closer to a spinoff of Mexican consumer bank Banamex.
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Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock’ ahead.‘We’re seeing the big unlock with M&A …. It’s going to be pretty active.’ — Citigroup Chief Executive Jane Fraser That’s ...
Citi's valuation metrics indicate a mixed picture: a high P/E ratio suggests accounting risks, but a low P/B ratio offers a ...
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Ultra-rich clients complained about outdated platforms that didn’t stack up against competitors, and relationship bankers ...
Citigroup is a strong value play with potential for further gains, low valuation metrics, and a promising dividend yield. See ...
Trump hasn’t yet returned to office, and the biggest banks keep notching wins. The nation’s biggest banks have just in the ...
China's Vice-Premier He Lifeng met Citigroup CEO Jane Fraser in Beijing on Thursday, underscoring efforts to open up the ...
Ex-Citi executives fired off a five-page missive to the firm’s board demanding that they cancel the eye-popping payouts for hundreds of managers as part of CEO Jane Fraser’s turnaround plan ...
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