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☆ Citigroup CEO Jane Fraser pushes biggest overhaul in almost two decades
  + stars: | 2023-09-13 | by ( Tatiana Bautzer | ) www.reuters.com   time to read: +3 min
Citigroup CEO Jane Fraser testifies during a U.S. House Financial Services Committee hearing titled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks” on Capitol Hill in Washington, U.S., September 21, 2022. The bank is also planning to list its Mexican consumer unit, known as Banamex, after a sale process fell through. Scottish-born Fraser is the first woman to lead a Wall Street bank. She spoke in March about her life and career in a wide-ranging interview with Carlyle Group (CG.O) Co-Founder David Rubenstein. Reporting by Tatiana Bautzer; writing by Michelle Price; editing by Lananh Nguyen and Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Jane Fraser, Elizabeth Frantz, Jane Fraser's, we've, Fraser, Michael Corbat's, Sandy Weill, David Rubenstein, Goldman Sachs, Smith Barney, Tatiana Bautzer, Michelle Price, Lananh Nguyen, Josie Kao Organizations: Citigroup, . House Financial, REUTERS, Citi, JPMorgan Chase &, Bank of America, Banks, Carlyle Group, Cambridge University, Harvard Business School, McKinsey, Thomson Locations: Washington , U.S, U.S, New York, Scottish, Mexico
☆ Citigroup plans to wind down UK retail bank as part of strategic refresh
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Chris Helgren/File PhotoSept 21 (Reuters) - Citigroup Inc said on Wednesday it was planning to wind down its retail bank in the United Kingdom, aiming to further streamline operations as part of its chief executive's strategy. Winding down its UK retail bank, which comprises just a single branch, would have no material financial impact on the company, the lender added. In May, executives at JPMorgan said its consumer bank Chase had attracted more than half a million customers in Britain. The UK plans were first reported by the Financial Times, which said Citi is not considering selling its UK retail operations. The bank has begun consultations with its UK retail banking staff, Citi said.
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