citibank

Citigroup’s new big hire is a no nonsense, hard-charging dealmaker

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As Citigroup Inc. Chief Executive Officer Jane Fraser shrinks Wall Street’s underdog into a leaner competitor, her newest big hire is a dealmaker known for his scrappy streak — and little tolerance of laggards. In one of his less conventional achievements in almost 24 years at JPMorgan Chase & Co., Viswas Raghavan helped the bank … Read more

Citi to cut 20,000 jobs through 2026, CFO says

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Citigroup will cut 20,000 jobs over the next two years, its Chief Financial Officer Mark Mason said on Friday, after the bank reported a $1.8 billion loss for the fourth quarter. The lender, which currently has 239,000 employees worldwide, will reduce that headcount by 20,000 as part of a sweeping reorganization, Mason told reporters. Citi … Read more