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...The changes Fraser outlined last year are resulting in at least 20,000 job cuts at Citi, the third-largest US bank by assets....
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...Jane Owen is an FT contributing editor Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...Citigroup said it expected to cut at least 20,000 jobs, about 10 per cent of its workforce, as the struggling US bank reported its worst quarter in 14 years....
...Jane Turton, chief executive, and Sara Geater, chief operating officer, will continue to lead the company....
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...At first glance, the €1.8bn fine for stifling competition in music streaming is not a lethal problem for the company....
...But when it does, the country must be ready to rebuild. Even amid the destruction, this is a nation planning for reconstruction....
...And that, I think, would be a win for Jane if she’s there in five years from now. But obviously, it’s a Citigroup that is much smaller in terms of its ambitions than it was 20 years ago....
...Its revenues increased 27 per cent last year and the group is building 25 new clubs, expanding its footprint by about 20 per cent....
...Reporting by Peter Foster, Anna Gross, Jane Croft, Sarah Neville, Chris Cook and George Parker...
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...rate within £1 of the minimum....
...per cent at Lloyds Banking Group to 43.16 and almost 1 per cent at NatWest to 233.20p....
...Independent curators Jane Neal and Fru Tholstrup are organising a selling show based on the colour red that goes on view at Phillips London (March 16-24). “Red presents a dichotomy....
...Management fees increased to 1.54 per cent from 1.46 per cent last year....
...Switching to interest-only does cut monthly payments substantially....
...Barclays also noted that Vestia “does not allege that Barclays or any of its representatives knew or suspected” about the commission payments through Fifa Finance....
...Nominal credit card debt hit a record $1.13tn in the last three months of 2023, growing at one of the fastest rates in more than 20 years, according to the New York branch of the Federal Reserve....
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...MGN either denies or does not admit the 33 articles were the result of unlawful information gathering, and claims that the prince’s lawsuit has been brought too late....
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