Finance
Citi Reorganization Has Gone Swifter Than Expected, CEO Says
- Jane Fraser reaffirms expense guidance for the year ahead
- Firm sees rising investment-banking revenue this quarter
Jane Fraser
Photographer: Patrick T. Fallon/AFP/Getty ImagesThis article is for subscribers only.
A Citigroup Inc. reorganization aimed at streamlining the bank and making it more competitive with its peers has gone swifter than expected, Chief Executive Officer Jane Fraser said, as she set out positive guidance for the year ahead.
“We’re not going to make the mistakes we’ve made in the past,” she said at the RBC Capital Markets Global Financial Institutions Conference in New York on Tuesday, where she also reaffirmed the bank’s expense guidance for the year ahead. “We’re getting this done.”