Citigroup CEO faces growth challenge amid overhaul
Sweeping overhaul cuts costs by laying off 5,000 employees
Source: gulfnews.com
Stay updated with breaking news from Daniel Babkes. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Sweeping overhaul cuts costs by laying off 5,000 employees
Viswas Raghavan, a competitive and ambitious dealmaker, is hired by Citigroup CEO Jane Fraser to lead the struggling Wall Street operation. Raghavan will oversee the advisory, capital markets, corporate, and commercial banking businesses amid a decline in revenues and dealmaking.