Citigroup, amid layoffs, gives CEO Jane Fraser bigger pay raise than Jamie Dimon
Citigroup Inc. has increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million in 2023, the financier said in a Tuesday filing. Her salary consisted of a base salary of $1.5 million, a cash bonus of $3.7 million and deferred performance shares of $20.8 million, according to the filing. Mr. Fraser’s compensation […]
Citigroup announces 20,000 jobs will be slashed
Check out what's being clicked on FoxBusiness.com Citigroup announced Friday it would cut 20,000 jobs. The reductions, detailed in the company's fourth-quarter financial results, may be related to Citi continuing to execute its ongoing reorganization. Citi said it plans to close the position “over the medium term,” ultimately resulting in cost savings of $2 billion […]
Stocks making the biggest moves premarket: Citigroup, Lyft, Salesforce, Chewy and more – CNBC
Check out the companies making headlines before the bell. Citigroup — Shares fell 1% Wednesday night after the bank warned investors that a weak Argentine peso and restructuring costs could result in a quarterly loss. Citigroup is scheduled to report its fourth quarter results on Friday morning. Lyft — Shares fell more than 1% on […]
Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed – CNBC
Citi CEO Jane Fraser speaks at the 2023 Milken Institute Global Conference on May 1, 2023 in Beverly Hills, California. Mike Blake | Reuters Citigroup warned investors late Wednesday: Fee Sales related to the depreciation of the Argentine peso and bank restructuring were much higher than the company's CFO disclosed just a few weeks ago. […]