Citigroup to cut 20,000 jobs, take up to $1 billion charge as CEO Jane Fraser vows '2024 will be a turning point'
Citigroup Inc. said it will eliminate 20,000 roles in a move that will save it as much as $2.5 billion as part of Chief Executive Officer Jane Fraser’s quest to boost the Wall Street giant’s lagging returns. Firmwide expenses are expected to drop to a range of $51 billion to $53 billion over the…
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