Jane Fraser

Citi CEO Jane Fraser Says Consumers ‘More Discerning’ in Spending
Citi CEO Jane Fraser Says Consumers ‘More Discerning’ in Spending
April 30, 2024  |  Consumer Finance

Consumers are becoming more cautious in their spending, Citi CEO Jane Fraser said Tuesday (April 30). Speaking at the bank’s annual meeting, Fraser told shareholders that while consumers remain...

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Citigroup Starts Restructuring to Focus on 5 Business Units
Citigroup Starts Restructuring to Focus on 5 Business Units
November 20, 2023  |  Banking

Citigroup has begun the next phase of its previously announced organizational changes.  “Today we shared with our colleagues the next layer of changes across many...

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Citigroup Begins Series of Wide-Ranging Layoffs
Citigroup Begins Series of Wide-Ranging Layoffs
November 15, 2023  |  Banking

Citigroup has reportedly begun cutting jobs as part of its CEO’s companywide overhaul. Workers at the banking giant were expected to be informed of the...

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Citigroup Reorganization Could Include Layoffs of 10%
Citigroup Reorganization Could Include Layoffs of 10%
November 06, 2023  |  Personnel

Citigroup is reportedly weighing wide-ranging job cuts as part of its CEO’s reorganization plans. Managers and consultants at work on “Project Bora Bora” — the in-house...

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Citi: Spending Decelerates as Consumers Grow More Cautious
Citi: Spending Decelerates as Consumers Grow More Cautious
October 13, 2023  |  Earnings

Consumer spending is still growing but slowing, especially among those with lower FICO scores, Citi reported Friday (Oct. 13). “The growth in spending is decelerating...

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Citigroup Layoffs Focus on Support, Technology Staff
Citigroup Layoffs Focus on Support, Technology Staff
September 15, 2023  |  Banking

Citigroup has reportedly begun the layoff process after announcing a management overhaul on Wednesday (Sept. 13). Support staff in compliance and risk management at the bank...

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Banks’ Cautious Approach to Generative AI Is More Internal Than Customer-Facing
Banks’ Cautious Approach to Generative AI Is More Internal Than Customer-Facing
July 25, 2023  |  artificial intelligence

Generative artificial intelligence (AI) has quickly become one of the most important topics of our time, and global banks are beginning to explore the possibilities...

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Mobile, Instant Money Movement Need Not Spur ‘Instant’ Bank Runs
Mobile, Instant Money Movement Need Not Spur ‘Instant’ Bank Runs
March 23, 2023  |  Banking

The digital age might make the bank run a bit like a flash mob. For those of us less than up to date on the...

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Citigroup Taps Jane Fraser To Lead Consumer Banking Division
Citigroup Taps Jane Fraser To Lead Consumer Banking Division
October 25, 2019  |  Banking

Citigroup veteran Jane Fraser was named to lead the company’s consumer banking division following an upheaval in the ranks that puts her next in line...

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