Citi Inc. is undergoing a major restructuring under the leadership of CEO Jane Fraser. The bank plans to eliminate five layers of management, reducing its structure from 13 layers to just eight.
This move marks the most significant reorganization the Wall Street giant has seen in the past two decades.
The restructuring is aimed at streamlining operations and reducing bureaucracy within the bank. Citi will shift its focus to five core businesses: trading, banking, services,
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