City National told California officials this week that the bank would permanently lay off 56 employees in Los Angeles County. The bank’s noninterest expenses ballooned $2.01 billion in…
Read more City National reports layoffs amid focus on controlling costsJane FraserLam Yik/Photographer: Lam Yik/Bloomberg Jane Fraser has spent the past three years laying out a vision for a simplified Citigroup and beginning a series of changes meant…
Read more CEO Fraser calls 2024 a 'turning point' year for CitiEarlier this year, PNC said that it would reduce expenses by $400 million throughout the course of 2023. Then in July, company executives said that they had identified…
Read more Layoffs at PNC cut across business lines and geographyInside Citigroup, managers are scrambling to carry out the Wall Street giant’s biggest restructuring in two decades. They have eight weeks left. Chief Executive Officer Jane Fraser has…
Read more A fed-up Jane Fraser is downsizing at Citigroup to fight bank’s painful slumpBanking is a people business, and this year bankers had to fight hard to hold onto their people. Beyond the ongoing debate about whether bank staffers could work…
Read more 9 ways banks dealt with talent management in 2022
