Citigroup CFO Says Reorganization Does Not Change Expenses Guidance
Portfolio Pulse from Benzinga Newsdesk
Citigroup CEO has stated that the company's reorganization will not affect its expenses guidance. The announcement comes as the bank is undergoing a major restructuring process.
September 13, 2023 | 3:06 pm
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Citigroup's reorganization will not change its expenses guidance, which could reassure investors about the bank's financial stability during its restructuring process.
The CEO's statement that the reorganization will not affect Citigroup's expenses guidance could reassure investors about the bank's financial stability during its restructuring process. This could potentially stabilize the bank's stock price in the short term.
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