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A fed-up Jane Fraser is downsizing at Citigroup to fight bank s painful slump

A fed-up Jane Fraser is downsizing at Citigroup to fight bank s painful slump
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

Citigroup stock slump prompts CEO Jane Fraser to plot downsizing

Citigroup stock slump prompts CEO Jane Fraser to plot downsizing
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Citi CEO whisperer nudges Wall Street into political minefields

Since her 20s, Wechter has served as a sounding board to Chairmen Richard Parsons and Mike O'Neill and CEOs Michael Corbat and now Jane Fraser. Wechter, 41, eventually took over the human resources department, where she has set in motion changes reshaping life at the bank for its 238,000 employees.

Citi to offer 7-day sweeps as clients seek faster services

Citigroup plans to offer automatic-sweep products seven days a week as banks respond to clients' demands for higher interest rates on deposits and faster access to their cash.

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