Citigroup CEO Announces Sweeping Changes
Author: The Black Jew Wealth Coach
Key Points
- CEO Jane Fraser nearing her third year at the helm of Citigroup
- Bank’s stock experiencing a multi-year slump
- Sweeping changes announced on Wednesday
Hot Take
As Citigroup’s CEO, Jane Fraser, approaches her third year in charge, she has announced significant changes for the bank in an attempt to revive its stock, which has been suffering from a multi-year slump. These sweeping changes are a bold move by Fraser and demonstrate her commitment to addressing the issues Citigroup has been facing. It remains to be seen whether these changes will have the desired effect of turning the bank’s fortunes around, but this proactive approach is a positive sign for investors and stakeholders alike.
Original article:https://www.cnbc.com/2023/09/13/citigroup-ceo-jane-fraser-reorganizes-businesses-as-bank-is-mired-in-stock-slump.html
