Jane Fraser

Consumer Resilience Buoys Big Banks, but CEOs Remain Cautious
Consumer Resilience Buoys Big Banks, but CEOs Remain Cautious
April 16, 2025  |  Banking

In a quarter overshadowed by tariff discussions and global economic jitters, three of the nation’s largest financial institutions — PNC, Citigroup, and Bank of America...

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Citi’s Services Segment Hits Decade-High as Bank Bets on Digital
Citi’s Services Segment Hits Decade-High as Bank Bets on Digital
April 15, 2025  |  Earnings

Turmoil can be challenging for everyday consumers but offer the sophisticated investor opportunity. Citigroup on Tuesday (April 15) announced its first quarter 2025 financial results,...

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Citigroup CEO Sees ‘Surprisingly Resilient’ Global Consumer Spending
Citigroup CEO Sees ‘Surprisingly Resilient’ Global Consumer Spending
October 15, 2024  |  Earnings

Citigroup’s earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were...

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Citi Gives New International Money Movement Division a Day in Spotlight
Citi Gives New International Money Movement Division a Day in Spotlight
June 17, 2024  |  Banking

Citigroup is reportedly putting its services business at the forefront of its upgrade project, highlighting how the global movement of money can enhance profitability. The...

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Citi CEO Jane Fraser Says Consumers ‘More Discerning’ in Spending
Citi CEO Jane Fraser Says Consumers ‘More Discerning’ in Spending
April 30, 2024  |  Consumer Finance

Consumers are becoming more cautious in their spending, Citi CEO Jane Fraser said Tuesday (April 30). Speaking at the bank’s annual meeting, Fraser told shareholders that while consumers remain...

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Citigroup Starts Restructuring to Focus on 5 Business Units
Citigroup Starts Restructuring to Focus on 5 Business Units
November 20, 2023  |  Banking

Citigroup has begun the next phase of its previously announced organizational changes.  “Today we shared with our colleagues the next layer of changes across many...

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Citigroup Begins Series of Wide-Ranging Layoffs
Citigroup Begins Series of Wide-Ranging Layoffs
November 15, 2023  |  Banking

Citigroup has reportedly begun cutting jobs as part of its CEO’s companywide overhaul. Workers at the banking giant were expected to be informed of the...

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Citigroup Reorganization Could Include Layoffs of 10%
Citigroup Reorganization Could Include Layoffs of 10%
November 06, 2023  |  Personnel

Citigroup is reportedly weighing wide-ranging job cuts as part of its CEO’s reorganization plans. Managers and consultants at work on “Project Bora Bora” — the in-house...

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