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Citigroup Slashes Jobs
Citigroup cutting more jobs to meet CEO’s expense goals despite strong quarter
Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank’s clients, Bloomberg reported.
Citigroup Slashes Jobs as Cost-Cutting Continues
Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on Thursday, as a part of the sweeping reorganization under Chief Executive Officer Jane Fraser to cut costs.
Citigroup Cost Cuts Push Q4 EPS Higher
Citigroup exceeded expectations in Q4 2024, driven by strong business performance.
Citigroup axes more jobs as part of ongoing cost-cutting plan
Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on Thursday, as a part of the sweeping reorganization under Chief Executive Officer Jane Fraser to cut costs.
Citigroup Layoffs: 10000 Gone; More Job Cuts On Cards? Details
Citigroup Inc. is planning to reserve $600 million for severance payments in 2025 as it continues to trim its workforce and cut expenses, according to Chief Financial Officer Mark Mason.Citigroup Severance : DetailsThe $600 million figure is down about 14 per cent from last year,
Citi cuts more jobs to reduce expenses: report
Banking giant Citigroup (NYSE:C) eliminated more jobs this week, with managing directors in the wealth business and technology unit leaving the bank, Bloomberg reported on Thursday, citing people familiar with the matter.
Citigroup cuts more jobs to meet expense goals, Bloomberg News reports
Citigroup is cutting more jobs this week to meet CEO Jane Fraser's expense goals, Bloomberg News reported on Thursday, citing people familiar with the matter. Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank's clients,
2h
Better Warren Buffett Stock: Citigroup vs. Bank of America
Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) have long dabbled in bank stocks, owning almost ...
1d
Citigroup: All About Share Buybacks
Citigroup's Q4 earnings report showed a 12% YoY revenue increase, with positive operating leverage across all 5 businesses.
2d
on MSN
Citigroup faces spiraling £1 billion bill on London HQ overhaul with multi-level garden and mini villages to tempt staff back to the office
Citigroup’s lavish renovation of its 42-storey building in London’s Canary Wharf is expected to come with an eye-watering £1 ...
2d
Citigroup Full Year 2024 Earnings: EPS Beats Expectations
EPS: US$6.03 (up from US$4.07 in FY 2023). Cost-to-income ratio: 66.5% (down from 71.8% in FY 2023). Non-performing loans: ...
Money Morning
3d
Citigroup’s $20 Billion Buyback Plan Signals Strength: What Investors Need to Know
Citigroup initiated a major transformation plan in 2024 in an effort to unlock value and drive higher returns. Management ...
1d
Citigroup’s Strong Financial Performance and Positive Outlook Justify Buy Rating
Richard Ramsden, an analyst from Goldman Sachs, maintained the Buy rating on Citigroup (C – Research Report). The associated price target was ...
3d
Citigroup Aims to Scale Up Wealth Unit
Citigroup’s wealth management unit reported improved results for the fourth quarter, with net income rising to $334 million ...
3d
Citigroup projects full-year returns to climb
Citigroup Inc.'s Chief Executive Jane Fraser said the bank expects to report return on tangible common equity, or ROTCE of 10% to 11% in 2025, but she's working to push it higher. "This level is a ...
2d
Citigroup’s Hold Rating: Balancing Positive Earnings with Restructuring and Regulatory Challenges
DBS analyst Lim Rui Wen maintained a Hold rating on Citigroup (C – Research Report) today and set a price target of $80.00.Stay Ahead of the ...
2d
on MSN
Citigroup CEO Jane Fraser on new buyback program
Citigroup CEO Jane Fraser joins 'The Exchange' to discuss her company's latest earnings, the buyback announcement, her ...
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