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Is Citigroup's Business Transformation Plan Gaining Momentum?
花旗花旗(US:C) ZACKS·2025-09-03 00:36

Key Takeaways Citigroup plans to cut 20,000 jobs by 2026 and exit consumer banking in 14 markets.The bank has exited nine markets and is preparing an IPO of its Mexico operations.Wealth management revenues rose 22% and IB revenues gained 13% in H1 2025.Citigroup, Inc. (C) is advancing its multi-year restructuring plan to cut costs and sharpen its focus on core operations. In January 2024, the bank announced plans to eliminate 20,000 jobs by 2026, thus improving efficiency and profitability. Strategically, t ...