Citigroup CEO Says Some Expense Cuts Will Come Via "People"
Portfolio Pulse from Happy Mohamed
Citigroup CEO Jane Fraser announced that the bank will implement expense cuts, some of which will involve personnel changes. The move is part of Citigroup's ongoing efforts to improve efficiency and reduce costs.
June 02, 2023 | 3:44 pm
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Citigroup plans to cut expenses, including personnel changes, as part of its ongoing efforts to improve efficiency and reduce costs.
Citigroup's announcement of expense cuts, including personnel changes, is part of its ongoing efforts to improve efficiency and reduce costs. While this may lead to short-term uncertainty among employees, it is not expected to have a significant impact on the stock price in the short term. The long-term effects will depend on the success of the cost-cutting measures and their impact on the bank's overall performance.
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