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Citigroup ( C) CEO Jane Fraser is betting a dramatic restructuring can revive the lender's stock price and remove decades of bloat. On Friday she disclosed how deep those cuts will go. The New ...
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Sanford Weill helped engineer the 1998 merger that cemented Citigroup as the world's largest financial services company. Here he is pictured on his way to a press conference to annouce the deal.
While Citi’s stock has increased 14 percent this year to $60.62, analysts at Oppenheimer and Wells Fargo have the stock marked to buy with a target price of $86.00 and $85.00 respectively.
The 9,033.23 close was reached largely on news of a merger between Citicorp -- now The Dow Jones Industrial Average closed over 9,000 points for the first time in its history on April 6, 1998.
Revenue in the second quarter came in at $20.1 billion, up 4% from a year earlier, buoyed by a $400 million gain from the conversion and partial sale of Visa stock in May. Citi now breaks out ...
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price.. About 20,000 employees will be let go over the “medium term,” New ...
Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges.