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Read Jane Fraser’s latest memo on Citi’s restructuring

Citi CEO Jane Fraser says the bank is embarking on the final stage of its reorganisation

Jane Fraser says employees will be told about the ‘final layer’ of changes at the bank this week
Jane Fraser says employees will be told about the ‘final layer’ of changes at the bank this week Photo: Win McNamee/Getty Images

“Believe.”

That was the message Citigroup chief executive Jane Fraser left for her employees on 25 March as the bank readies the final leg of a restructuring plan aimed at streamlining and simplifying a bank that had long struggled to do both.

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