- Bloomberg
Citi Pitches Money-Moving ‘Crown Jewel’ as Central to Revamp
(Bloomberg) -- Citigroup Inc. is putting one of its least glamorous businesses front and center in its upgrade project, aiming to show how a sprawling system of moving money around the world can boost profitability.Most Read from BloombergWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in Japan‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic BoomNvidia Becomes World’s Most Valuable Company as AI Rally Steams AheadStocks Rise as Bullish Nvidia Call Boosts AI Trade:
- Barrons.com
Citi Stock Gains as Bank Showcases an Overlooked Business
Offerings like wealth management and investment banking have higher profiles, but the services business drove half of the bank’s net income in 2023.
- Yahoo Finance
Citigroup is 'no longer the financial supermarket of the past': Fraser
Citigroup CEO Jane Fraser told investors Tuesday that an empire her bank amassed in the 1990s is no more as she tried to shift their focus to the bank's "crown jewel."
