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Fraser mentioned that efforts to streamline its structure will be mostly finished this quarter, resulting in savings of $1 billion and the removal of around 5,000 primarily managerial roles. Read more.
The club was represented by 35 runners at the event!
Banks want the real plunder when it comes to AI
Only 5,000 of Citi's coming cuts will be the direct result of its simplification efforts.
Fraser pledged that 2024 would be a 'turning point' after the lender reported a £1.4billion loss for the fourth quarter.