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 cuts more jobs as part of ongoing cost-cutting plan
Global bank set out an aim in 2024 to reduce jobs by 20,000 by the end of 2026. Read more at straitstimes.com.
Citigroup Cost Cuts Push Q4 EPS Higher
Citigroup exceeded expectations in Q4 2024, driven by strong business performance.
Citigroup Earmarks $600 Million in Severance for Fresh Job Cuts
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 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,
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 faces £1 billion bill on London HQ overhaul with multi-level garden and mini villages to tempt staff back to the office
The bank's outlay is 10-times higher than original reports, and means it has spent nearly as much on renovations as it did ...
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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 ...
Citigroup Aims to Scale Up Wealth Unit
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Citigroup: Moving To The Sidelines Ahead Of Q4 Earnings (Ratings Downgrade)
Citigroup's Q4 earnings will be closely watched, particularly its total expenses and credit quality, as it aims to streamline ...
Citigroup (C) Q4 2024 Earnings Call Transcript
Hello and welcome to Citi's fourth quarter 2024 earnings call. Today's call will be hosted by Jenn Landis, head of Citi ...
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Citigroup reported earnings of $1.34 per share for the fourth quarter, surpassing Wall Street estimates of $1.22. A year ago, ...
Citigroup (C) Gets a Buy from Truist Financial
In a report released today, John McDonald CFA from Truist Financial assigned a Buy rating to Citigroup (C – Research Report). The company’s ...
Dividend Roundup: Citigroup, Procter & Gamble, Caterpillar, CVS Health, and more
This week's dividend activity included increased payouts from Lakeland Financial (LKFN) and Valero Energy (VLO) as well as ...