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Jane Fraser’s ruthless remake of Citigroup

  • Posted on July 13, 2026
  • By Financial Times
  • 15 Views
  • 1 min read
In brief

Under Jane Fraser's leadership, Citigroup is undergoing a comprehensive strategic transformation aimed at restoring its competitive position in global banking. The institution is divesting non-core assets, streamlining operations through workforce reductions, and implementing bold executive appointments to drive organizational change. Simultaneously, the bank is strengthening its relationship with the Trump administration, positioning itself for potential regulatory advantages. This aggressive restructuring strategy seeks to enhance profitability and shareholder value while navigating a complex political and economic landscape.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Jane Fraser’s ruthless remake of Citigroup
Jane Fraser’s ruthless remake of Citigroup

The bank has sold assets, cut jobs and made controversial new hires while cultivating a closer relationship with Trump. Is it enough to get back into the big time?
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Author
Financial Times

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