After the corporate’s collapse in the course of the 2008 recession, Citi’s inventory has repeatedly struggled. Shares of the corporate noticed greater than a 30% drop during the last 5 years. In 2021, CEO Jane Fraser introduced a daring shift within the firm technique, exiting 14 shopper markets exterior of the U.S. and as an alternative doubling down on wealth administration. It’s a tactical transfer that a number of different main banks like Financial institution of America and Wells Fargo have adopted in recent times. So will Citi’s guess repay and might the corporate return to its former glory?
Chapters:
00:00 — Introduction
01:37 — New course
04:35 — Rise and fall
07:23 — Income streams
Produced & Edited by: Juhohn Lee
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
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Why Citibank Branches Are Closing Round The World
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