Reported 8 months ago
Citigroup CEO Jane Fraser stated the bank is no longer the all-encompassing financial supermarket it once was, announcing a focused vision during an investor event in New York City. Under Fraser's leadership, Citigroup is aiming to streamline by shedding businesses, cutting headcount, and concentrating on serving multinational corporations. The bank's goal is to grow revenue by at least $6 billion and reduce expenses by $500 million by 2026, with a focus on becoming a top banking partner for institutions with global needs and a leader in wealth management.
Source: YAHOO