Hints and tips:
...The business is one of the growth areas identified by chief executive Jane Fraser, along with other Wall Street rivals that view wealth management as a way to meet investor appetite for stable, fee-based...
...Citigroup chief executive Jane Fraser is considering a plan to disband the bank’s biggest division in what would be the most significant shake-up of its corporate structure in nearly 15 years, according...
...Other investors include a former US solicitor general and quantitative traders from funds including Jane Street, Balyasny Asset Management and Millennium Management, according to the email....
...Additional reporting by Joshua Franklin and Arash Massoudi...
...Citigroup lifted chief executive Jane Fraser’s pay by 6 per cent in 2023 to $26mn for her work, despite the bank’s profits falling almost 40 per cent amid a reorganisation....
...Citigroup has lifted chief executive Jane Fraser’s pay by 6 per cent in 2023 to $26mn, despite the bank’s profits falling almost 40 per cent amid a sweeping reorganisation....
...“It’s great for Jane,” the banker added. Citi’s banking division reported revenues of $4.6bn for 2023, down 15 per cent from a year earlier....
...“Vis is a proven leader and his appointment is another example of our ability to attract the best talent to our firm,” Citi chief executive Jane Fraser said in a memo to staff on Monday....
...Recruiting Raghavan brings an end to a high-profile HR gambit by Citi’s chief executive Jane Fraser, who left the banking job vacant when she unveiled the company’s new five-division structure in September...
...Joshua Franklin I think there are real questions out there. If Jane Fraser can’t fix Citigroup now, is Citi fixable in its current form?...
...Citigroup chief executive Jane Fraser has warned the bank’s 240,000 employees it is time to sign up to her overhaul of the group or “get off the train” as she cuts jobs and hacks back the lender’s top-heavy...
...Citigroup unveiled its biggest reorganisation in almost two decades, handing more control to chief executive Jane Fraser, simplifying its management structure and cutting jobs....
...Overall, Citi’s chief executive Jane Fraser told analysts that she expected inflation to continue to fall and the economic outlook to remain positive....
...Dimon, along with David Solomon of Goldman Sachs, Jane Fraser of Citigroup, and James Gorman, the outgoing boss of Morgan Stanley, will be among eight CEOs answering questions from senators in an annual...
...For further reading: ‘Get off the train’: Citi’s Jane Fraser sends tough message on big overhaul Jane Fraser: the woman trying to turn Citi around Citi: Fraser the Razor needs sharper edge in her battle...
...Citigroup has unveiled its biggest reorganisation in almost 15 years in an effort by chief executive Jane Fraser to simplify the bank, but also warned that the changes will probably result in significant...
...Bank of America’s Brian Moynihan sold $1.9mn before becoming chief executive but none since; Citi chief executive Jane Fraser has also not sold since taking the top job....
...And Jane Fraser is no exception. She has tried to trim back the bits that are not profitable....
...Dimon sat for a seven-hour deposition in May but lawyers for the Jane Doe plaintiff want to talk to him again to ask him about more than 1,500 documents that JPMorgan turned over after the deposition....
...The bank’s lawyers have previously described the USVI suit as “meritless”, and Jane Doe’s complaint as “directed at the wrong party”....
...Citigroup paid chief executive Jane Fraser $24.5mn for 2022, up 8.9 per cent and making her the only big US bank chief executive to receive a pay bump amid a challenging year for the industry....
...“As we move through the second half of the year, we will be in a position to focus on the third leg of bringing down our expense base through a leaner organisational model,” Citi chief executive Jane Fraser...
...The agreement came just hours after a federal judge ruled that the case, originally brought by a single Epstein accuser under the pseudonym Jane Doe, would be widened to include dozens of women who claim...
...Citi chief executive Jane Fraser said “the long-awaited rebound in investment banking has yet to materialise, making for a disappointing quarter”....
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