Citigroup (C) Nears End of Its Organizational Revamp Efforts [Yahoo! Finance]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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US:NYSE Investor Relations:
citigroup.com/citi/investor/pres.htm
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Source: Yahoo! Finance
Per management, “after having reset Citi's strategy and undergone these consequential changes, we will continue to execute on our vision to be the preeminent banking partner for institutions with cross-border needs, a global leader in wealth and a valued personal bank in our home market and focus on our commitment to transform the company for the long term." According to Reuters, which cited a company memo sent to employees, the largest round of staffing moves, including reassignments and exits, will be shared with Citigroup employees this week. The reorganization trims management layers to eight from 13 and its global workforce by 20,000 over the next two years. Since September, the company has eliminated 5,000 jobs. Along with its fourth-quarter 2023 results released in January, the company remarked on reducing 1,500 managerial roles, comprising 13% of its worldwide leaders. It was then projected to create annual savings of $1 billion. Such efforts will make the decision-maki
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C
News
- Citigroup Announces $2.0 Billion Redemption of 0.981% Fixed Rate / Floating Rate Notes due 2025 and $500.0 Million Redemption of Floating Rate Notes due 2025Business Wire
- Citi Trims Fed Bet for 2024, Still Sees Multiple Rate Cuts [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Citi Trims Fed Bet for 2024, Still Sees Multiple Rate Cuts [Yahoo! Finance]Yahoo! Finance
- Citi, JPMorgan See Carry Trade Revival as Fed Hawkisness Spreads [Yahoo! Finance]Yahoo! Finance
- Citi, JPMorgan See Carry Trade Revival as Fed Hawkisness Spreads [BNN Bloomberg (Canada)]BNN Bloomberg
C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form FWP
- 4/26/24 - Form 424B2
- C's page on the SEC website