Citigroup CEO Jane Fraser reorganizes businesses, cuts jobs as bank is mired in stock slump

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Citigroup CEO Jane Fraser reorganizes businesses, cuts jobs as bank is mired in stock slump
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Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions. Fraser, closing in on her third full year atop Citigroup, said in a release that the firm’s five main business lines would report directly to her. This is breaking news. Please check back for updates.

CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.

Fraser, closing in on her third full year atop Citigroup, said in a release that the firm's five main business lines would report directly to her.Get Southern California news, weather forecasts and entertainment stories to your inbox.

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