Page 28 - Michael Corbat News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In this article we're going to discuss the long-term returns of ValueAct Capital's activist targets.

Citigroup's massive reorg highlights the threat big banks are under. Google is cutting more jobs, and details on how Microsoft decides employee pay.

Citigroup chief executive Jane Fraser's move on Wednesday to strip out a layer of top management, cull jobs and take more control of key businesses marks her boldest move yet to simplify the Wall...

Citigroup chief executive Jane Fraser's move on Wednesday to strip out a layer of top management, cull jobs and take more control of key businesses marks her boldest move yet to simplify the Wall Street giant and boost its share price. "The changes that we announced this morning are the most consequential changes to how Citi will be organized and run that we've made in almost 20 years" by reducing complexity at the third largest U.S. bank, Fraser told investors on Wednesday at a conference in New York. Appointed in March 2021, Fraser has been tasked with transforming a bu...

By Tatiana Bautzer NEW YORK (Reuters) - Citigroup chief executive Jane Fraser's move on Wednesday to strip out a layer of top management, cull jobs an...