Citigroup Inc. is considering reducing its wealth business workforce in London by 10%, which would amount to cutting 51 roles. The move is part of an effort by the division's new chief to enhance returns. Meanwhile, Barclays' CEO, C.S. Venkatakrishnan, is facing pressure to present a plan this month to satisfy shareholders seeking a simpler business model and improved returns with lower risk.
Barclays' CEO C.S. Venkatakrishnan is under pressure to deliver a plan this month to win over restless shareholders clamoring for a streamlined business model and higher, more sustainable returns for a fraction of the risk https://t.co/jQyhgRWoss
Barclays' CEO C.S. Venkatakrishnan is under pressure to deliver a plan this month to win over restless shareholders clamoring for a streamlined business model and higher, more sustainable returns for a fraction of the risk. More here: https://t.co/kgf4OzD9Td
Focus: Barclays investors crave simpler bank as CEO Venkat prepares revamp https://t.co/8uGavRETTt https://t.co/PwAgaCVXbR
⚠️ BARCLAYS INVESTORS CRAVE SIMPLER BANK AS CEO VENKAT PREPARES REVAMP Full Story → https://t.co/3Sa61qAD38 https://t.co/MVdB6M4Awi
$C Citigroup is weighing another layoff, this time 10% of its wealth management employees
Citigroup Weighs Cutting 10% of Wealth Employees in London via @business https://t.co/A5kw9IBOZO
Citigroup Weighs Cutting 10% Of Wealth Employees In London - BBG https://t.co/yhZ0Qu8QC4
Citigroup Inc. is weighing a move to cut 51 roles across its wealth business in London as the division’s new chief looks for ways to boost the returns generated by the unit https://t.co/5Ze3g7Won4
$C ❖ CITIGROUP WEIGHS CUTTING 10% OF WEALTH EMPLOYEES IN LONDON