Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner’ [MSNBC.com]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: MSNBC.com
Key PointsOne of the biggest priorities for Fraser, who took over for predecessor Michael orbat in February, is to bring New York-based itigroup's returns closer to those of peers including JPMorgan hase and Bank of America.In this articleVIDEO3:1203:12iti EO Jane Fraser on exiting 13 retail markets outside of USlosing Bell"As we look at the businesses over a decade ahead, we want to be a winner," Fraser told NB's Wilfred Frost on ""We want to close the return gap with our peers," Fraser said. "To do that you take a candid assessment of which of the businesses that you're going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank."Last week, iti said it wasexiting retail bankingThere are clear areas of opportunity for itigroup, the third-largest U.S. bank by assets behind JPMorgan and Bank of America, the EO said.The bank is "doubling down" in areas including its global institutional banking business and wealth management in Asia and
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- 4/19/24 - Form 424B2
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