Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner

cnbc2021-04-21

KEY POINTS One of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including ...

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精彩评论

ccwee
2021-04-21
ccwee
👍🏻👍🏻👍🏻
SweetieLook
2021-04-21
SweetieLook
making a post in the community
JustTradeIt
2021-04-21
JustTradeIt
Take note
Taylorx
2021-04-21
Taylorx
🌝
LAWsg
2021-04-21
LAWsg
It's time to cancel my citibank acc then...
yp_shi
2021-04-21
yp_shi
Asia is affected, except Singapore & Hong Kong markets
- jw_la:
  Bye citi
- yp_shi:
  :(

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183

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 07:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1179671475","content_text":"KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including JPMorgan Chase and Bank of America.\n“We want to close the return gap with our peers, and to do that you take a candid assessment of which of the businesses that you’re going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank,” Fraser told CNBC.\n\nCitigroup CEO Jane Fraser said she decided to exit the bank’s retail operations in 13 countries outside the U.S. to improve returns.\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers includingJPMorgan ChaseandBank of America.\n“As we look at the businesses over a decade ahead, we want to be a winner,” Fraser told CNBC’s Wilfred Frost on “Closing Bell” in her first televised interview since officially starting as CEO.\n“We want to close the return gap with our peers,” Fraser said. “To do that you take a candid assessment of which of the businesses that you’re going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank.”\nLast week, Citi said it wasexiting retail bankingin 13 countries outside the U.S. to focus more on wealth management, one of the first big strategic moves made by Fraser. The lender also reported first-quarter results that exceeded analysts’ estimates for profit with strong investment banking revenue and a bigger-than-expected release of loan-loss reserves.\nThere are clear areas of opportunity for Citigroup, the third-largest U.S. bank by assets behind JPMorgan and Bank of America, the CEO said.\nThe bank is “doubling down” in areas including its global institutional banking business and wealth management in Asia and the U.S., she said.\nAnd Fraser isn’t done with her strategic review that could see more business divestitures, she said: There is “more to come, for sure” in terms of announcements, she said.","news_type":1,"symbols_score_info":{"C":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371459017,"gmtCreate":1618967255339,"gmtModify":1634289557353,"author":{"id":"3575612051490360","authorId":"3575612051490360","name":"JustTradeIt","avatar":"https://static.tigerbbs.com/a80768efe0f06d76a32d8d52a6235949","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575612051490360","authorIdStr":"3575612051490360"},"htmlText":"Take&nbsp; note","listText":"Take&nbsp; note","text":"Take note","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371459017","repostId":1179671475,"repostType":4,"repost":{"id":"1179671475","kind":"news","pubTimestamp":1618959877,"share":"https://ttm.financial/m/news/1179671475?lang=&edition=full","pubTime":"2021-04-21 07:04","market":"us","language":"en","title":"Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1179671475","media":"cnbc","summary":"KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat i","content":"<div>\n<p>KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 07:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1179671475","content_text":"KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including JPMorgan Chase and Bank of America.\n“We want to close the return gap with our peers, and to do that you take a candid assessment of which of the businesses that you’re going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank,” Fraser told CNBC.\n\nCitigroup CEO Jane Fraser said she decided to exit the bank’s retail operations in 13 countries outside the U.S. to improve returns.\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers includingJPMorgan ChaseandBank of America.\n“As we look at the businesses over a decade ahead, we want to be a winner,” Fraser told CNBC’s Wilfred Frost on “Closing Bell” in her first televised interview since officially starting as CEO.\n“We want to close the return gap with our peers,” Fraser said. “To do that you take a candid assessment of which of the businesses that you’re going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank.”\nLast week, Citi said it wasexiting retail bankingin 13 countries outside the U.S. to focus more on wealth management, one of the first big strategic moves made by Fraser. The lender also reported first-quarter results that exceeded analysts’ estimates for profit with strong investment banking revenue and a bigger-than-expected release of loan-loss reserves.\nThere are clear areas of opportunity for Citigroup, the third-largest U.S. bank by assets behind JPMorgan and Bank of America, the CEO said.\nThe bank is “doubling down” in areas including its global institutional banking business and wealth management in Asia and the U.S., she said.\nAnd Fraser isn’t done with her strategic review that could see more business divestitures, she said: There is “more to come, for sure” in terms of announcements, she said.","news_type":1,"symbols_score_info":{"C":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371450503,"gmtCreate":1618967226802,"gmtModify":1634289557715,"author":{"id":"3565441185903042","authorId":"3565441185903042","name":"Taylorx","avatar":"https://static.tigerbbs.com/84412f9fbac6499d2be3af213b212654","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3565441185903042","authorIdStr":"3565441185903042"},"htmlText":"🌝","listText":"🌝","text":"🌝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371450503","repostId":1179671475,"repostType":4,"repost":{"id":"1179671475","kind":"news","pubTimestamp":1618959877,"share":"https://ttm.financial/m/news/1179671475?lang=&edition=full","pubTime":"2021-04-21 07:04","market":"us","language":"en","title":"Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1179671475","media":"cnbc","summary":"KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat i","content":"<div>\n<p>KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 07:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1179671475","content_text":"KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including JPMorgan Chase and Bank of America.\n“We want to close the return gap with our peers, and to do that you take a candid assessment of which of the businesses that you’re going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank,” Fraser told CNBC.\n\nCitigroup CEO Jane Fraser said she decided to exit the bank’s retail operations in 13 countries outside the U.S. to improve returns.\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers includingJPMorgan ChaseandBank of America.\n“As we look at the businesses over a decade ahead, we want to be a winner,” Fraser told CNBC’s Wilfred Frost on “Closing Bell” in her first televised interview since officially starting as CEO.\n“We want to close the return gap with our peers,” Fraser said. “To do that you take a candid assessment of which of the businesses that you’re going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank.”\nLast week, Citi said it wasexiting retail bankingin 13 countries outside the U.S. to focus more on wealth management, one of the first big strategic moves made by Fraser. The lender also reported first-quarter results that exceeded analysts’ estimates for profit with strong investment banking revenue and a bigger-than-expected release of loan-loss reserves.\nThere are clear areas of opportunity for Citigroup, the third-largest U.S. bank by assets behind JPMorgan and Bank of America, the CEO said.\nThe bank is “doubling down” in areas including its global institutional banking business and wealth management in Asia and the U.S., she said.\nAnd Fraser isn’t done with her strategic review that could see more business divestitures, she said: There is “more to come, for sure” in terms of announcements, she said.","news_type":1,"symbols_score_info":{"C":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371450831,"gmtCreate":1618967191023,"gmtModify":1634289557953,"author":{"id":"3581895000030185","authorId":"3581895000030185","name":"LAWsg","avatar":"https://static.tigerbbs.com/ce75cf6ce78ee54446f8acf5b6048680","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581895000030185","authorIdStr":"3581895000030185"},"htmlText":"It's time to cancel my citibank acc then...","listText":"It's time to cancel my citibank acc then...","text":"It's time to cancel my citibank acc then...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371450831","repostId":1179671475,"repostType":4,"repost":{"id":"1179671475","kind":"news","pubTimestamp":1618959877,"share":"https://ttm.financial/m/news/1179671475?lang=&edition=full","pubTime":"2021-04-21 07:04","market":"us","language":"en","title":"Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1179671475","media":"cnbc","summary":"KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat i","content":"<div>\n<p>KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 07:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1179671475","content_text":"KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including JPMorgan Chase and Bank of America.\n“We want to close the return gap with our peers, and to do that you take a candid assessment of which of the businesses that you’re going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank,” Fraser told CNBC.\n\nCitigroup CEO Jane Fraser said she decided to exit the bank’s retail operations in 13 countries outside the U.S. to improve returns.\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers includingJPMorgan ChaseandBank of America.\n“As we look at the businesses over a decade ahead, we want to be a winner,” Fraser told CNBC’s Wilfred Frost on “Closing Bell” in her first televised interview since officially starting as CEO.\n“We want to close the return gap with our peers,” Fraser said. “To do that you take a candid assessment of which of the businesses that you’re going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank.”\nLast week, Citi said it wasexiting retail bankingin 13 countries outside the U.S. to focus more on wealth management, one of the first big strategic moves made by Fraser. The lender also reported first-quarter results that exceeded analysts’ estimates for profit with strong investment banking revenue and a bigger-than-expected release of loan-loss reserves.\nThere are clear areas of opportunity for Citigroup, the third-largest U.S. bank by assets behind JPMorgan and Bank of America, the CEO said.\nThe bank is “doubling down” in areas including its global institutional banking business and wealth management in Asia and the U.S., she said.\nAnd Fraser isn’t done with her strategic review that could see more business divestitures, she said: There is “more to come, for sure” in terms of announcements, she said.","news_type":1,"symbols_score_info":{"C":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371463875,"gmtCreate":1618966202097,"gmtModify":1631884870702,"author":{"id":"3581808287387749","authorId":"3581808287387749","name":"yp_shi","avatar":"https://static.tigerbbs.com/80dcd318606dcd3b808eada65e13a442","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581808287387749","authorIdStr":"3581808287387749"},"htmlText":"Asia is affected, except Singapore &amp; Hong Kong markets","listText":"Asia is affected, except Singapore &amp; Hong Kong markets","text":"Asia is affected, except Singapore & Hong Kong markets","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/371463875","repostId":1179671475,"repostType":4,"repost":{"id":"1179671475","kind":"news","pubTimestamp":1618959877,"share":"https://ttm.financial/m/news/1179671475?lang=&edition=full","pubTime":"2021-04-21 07:04","market":"us","language":"en","title":"Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1179671475","media":"cnbc","summary":"KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat i","content":"<div>\n<p>KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 07:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"https://www.cnbc.com/2021/04/20/citigroup-ceo-jane-fraser-says-of-moves-to-shrink-retail-banking-footprint-we-want-to-be-a-winner-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1179671475","content_text":"KEY POINTS\n\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including JPMorgan Chase and Bank of America.\n“We want to close the return gap with our peers, and to do that you take a candid assessment of which of the businesses that you’re going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank,” Fraser told CNBC.\n\nCitigroup CEO Jane Fraser said she decided to exit the bank’s retail operations in 13 countries outside the U.S. to improve returns.\nOne of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers includingJPMorgan ChaseandBank of America.\n“As we look at the businesses over a decade ahead, we want to be a winner,” Fraser told CNBC’s Wilfred Frost on “Closing Bell” in her first televised interview since officially starting as CEO.\n“We want to close the return gap with our peers,” Fraser said. “To do that you take a candid assessment of which of the businesses that you’re going to be in a position to succeed in winning, and which ones are perhaps in better hands with another bank.”\nLast week, Citi said it wasexiting retail bankingin 13 countries outside the U.S. to focus more on wealth management, one of the first big strategic moves made by Fraser. The lender also reported first-quarter results that exceeded analysts’ estimates for profit with strong investment banking revenue and a bigger-than-expected release of loan-loss reserves.\nThere are clear areas of opportunity for Citigroup, the third-largest U.S. bank by assets behind JPMorgan and Bank of America, the CEO said.\nThe bank is “doubling down” in areas including its global institutional banking business and wealth management in Asia and the U.S., she said.\nAnd Fraser isn’t done with her strategic review that could see more business divestitures, she said: There is “more to come, for sure” in terms of announcements, she said.","news_type":1,"symbols_score_info":{"C":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4088478,"gmtCreate":1618966379760,"gmtModify":1635515128098,"authorId":3581249355493993,"author":{"id":3581249355493993,"idStr":"3581249355493993","authorId":3581249355493993,"name":"jw_la","avatar":"https://static.tigerbbs.com/417de586d09c5aa961c7f9b7477ca049","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":371463875,"type":1,"supId":0,"prevId":0,"content":"Bye <u>citi</u>","text":"Bye <u>citi</u>","html":"Bye <u>citi</u>"},{"id":4088481,"gmtCreate":1618966395320,"gmtModify":1635515127850,"authorId":3581808287387749,"author":{"id":3581808287387749,"idStr":"3581808287387749","authorId":3581808287387749,"name":"yp_shi","avatar":"https://static.tigerbbs.com/80dcd318606dcd3b808eada65e13a442","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":371463875,"type":1,"supId":0,"prevId":0,"content":":(","text":":(","html":":("}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":183,"commentSize":34,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.34.2","shortVersion":"4.34.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1179671475"}