Page 3 - Peter Babej News Today

Citigroup is preparing for a wave of job cuts as Chief Executive Officer Jane Fraser initiates the biggest restructuring of the Wall Street giant in two decades, part of her effort to reverse a years-long slump in the stock price.

Citi announced significant changes to its organizational model that will fully align its management structure with its business strategy and simplify the bank. The new, flatter structure elevates the leaders of Citi’s five businesses and eliminates management layers, which will speed up decision making, drive increased accountability and strengthen...

Citigroup Inc.’s stock was up 0.8% in premarket trading on Wednesday after the megabank said it would reorganize into a flatter structure with leads of its...

Citigroup CEO Jane Fraser announced a major management reorganization that will give her more direct oversight over its businesses.

(Bloomberg) -- Citigroup Inc. is preparing for a wave of job cuts as Chief Executive Officer Jane Fraser restructures the Wall Street giant in an effort to reverse a years-long slump in the stock price. Most Read from BloombergChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticCiti Plans Job Cuts as It Revamps Top Management StructureiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceApple’s iPhone...

The head of the nation's third-largest bank said the changes won't be 'universally popular' within Citigroup.

Leaders of Citi’s five businesses to report directly to the CEO Delivery of Citi’s global network enhanced through streamlined geographic structure New Client organization to strengthen...

Citigroup CEO Jane Fraser announced a major management reorganization that will see more job cuts and give her more direct oversight over its businesses as…

The company will no longer have three regional chiefs overseeing its business in about 160 countries around the world, according to a statement Wednesday.

The management reorganization comes as Citigroup CEO Jane Fraser seeks to simplify the bank’s structure