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At Close: Jul 22, 2026
Citi begins jobs cuts under reorganisation plan
04:17am, Friday, 15'th Sep 2023
Citigroup Inc (NYSE:C) is reportedly cutting jobs in compliance and risk management as it carries out its biggest reorganisation in two decades. Conversations are already taking place with staff, i
Citigroup starts layoff talks after management overhaul -sources
06:51pm, Thursday, 14'th Sep 2023
As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, according to sources familiar with the situation.
Citigroup (C) Realigns Corporate Structure, Trims Management Layers
01:31pm, Thursday, 14'th Sep 2023
Citigroup (C) simplifies its organization and eliminates extra management layers to make the decision-making process swifter, drive increased accountability and enhance the focus on clients.
Democrats join GOP, banks in pushing back on proposed bank capital rules
01:11pm, Thursday, 14'th Sep 2023
Democrats are increasingly split over the issue of tougher bank regulations, as some of the party's lawmakers join their Republican colleagues and bank executives in questioning whether the Federal Re
Aviva Singapore deal impresses analysts at Citi
09:17am, Thursday, 14'th Sep 2023
Aviva's deal to sell its 25.9% stake in Singapore Life for £0.8bn in cash is a good bit of business, according to analysts at Citi. Price represents 2.2 times UT1 (own assets) and 29 times PE based o
Citigroup CEO announces reorganization, jobs cuts likely
04:54pm, Wednesday, 13'th Sep 2023
Citigroup (C) shares rose after CEO Jane Fraser announced a new reorganization plan. The company, which currently operates with two divisions, will undergo a transformation into five separate division
Citi Plans ‘Uncomfortable' Cuts Amid Sweeping Reorganization
03:54pm, Wednesday, 13'th Sep 2023
Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. The new structure, announced Wednesday (Sept.
Citigroup reorganizes business model to streamline operations
03:30pm, Wednesday, 13'th Sep 2023
Citigroup is making "significant changes" to streamline its organizational model. The flatter structure will eliminate management layers and speed up decision-making.
Citigroup CEO reorganizes businesses, cuts jobs amid stock slump
03:15pm, Wednesday, 13'th Sep 2023
CNBC's Hugh Son and Leslie Picker report on Citigroup's CEO reorganization of the business.
Citigroup's business heads in revamped structure
01:27pm, Wednesday, 13'th Sep 2023
Citigroup announced a major reorganization on Wednesday that trims management layers, giving CEO Jane Fraser more direct oversight over its businesses as she aims to boost its profit and share price.
Citi shakeup: The banking giant is planning layoffs and a huge overhaul
01:19pm, Wednesday, 13'th Sep 2023
Citigroup is planning a sweeping overhaul of its organization after years of lackluster stock performance. Reorganization efforts will involve layoffs, people familiar with the matter told Bloomberg.
Stock news September 13, 2023: WeWork, Citi, and Adobe
01:01pm, Wednesday, 13'th Sep 2023
Yahoo Finance anchors Brad Smith and Julie Hyman report on WeWork (WE) stock reversing course this morning as the stock has already fallen 90% year-to-date and faces potential delisting. Citigroup (C)
Citi (C) Sells Small Business Loan Platform Bridge to Foro
12:46pm, Wednesday, 13'th Sep 2023
Citigroup (C) sells its Bridge platform to Foro and becomes a strategic investor in Foro to expand the loan platform's services.
Citigroup shares trading higher following the reorganization announcement
12:34pm, Wednesday, 13'th Sep 2023
CNBC's Leslie Picker joins 'Squawk on the Street' to report on Citigroup as the company's CEO, Jane Frazer, announced a corporate reorganization on Wednesday.
Citi CEO Says Restructuring Is 'Next Big Step' for Bank
12:00pm, Wednesday, 13'th Sep 2023
Citigroup CEO Jane Fraser says a major restructuring will help simplify how the bank is run and be a better fit for the long term. She speaks at Barclays Global Financial Services Conference.
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