SherylSoong
2021-04-21
Good move👍👍 Wealth management is the way to go...
Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner
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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 <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. 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