Citigroup CEO faces growth challenge from transformation

April 9, 2024 Tóth Balázs

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Investors rewarded Chief Executive Jane Fraser with a share price rise after Fraser announced in September a sweeping overhaul of Citi’s dispersed structure and cost-cutting by laying off 5,000 employees. They then want to see growth in asset management and investment banking.

Wall Street investors have welcomed Fraser’s restructuring, but warned the CEO that there are serious challenges ahead to boost returns and catch up with rivals, including regulatory problems, weak earnings and an uncertain workforce.

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Citigroup CEO faces growth challenge from transformation

Investors rewarded Chief Executive Jane Fraser with a share price rise after Fraser announced in September a sweeping overhaul of Citi’s dispersed structure and cost-cutting by laying off 5,000 employees. They then want to see growth in asset management and investment banking.

Wall Street investors have welcomed Fraser’s restructuring, but warned the CEO that there are serious challenges ahead to boost returns and catch up with rivals, including regulatory problems, weak earnings and an uncertain workforce.

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