Why Citigroup’s change to wealth management is a risky guess

Why Citigroup’s change to wealth management is a risky guess


Vital Points
  • Given that the firm’s collapse in the course of the 2008 economic downturn, Citigroup’s stock has repeatedly struggled.
  • In response, Jane Fraser, the CEO of Citigroup, announced a bold shift in the business method, doubling down on wealth administration.
  • But despite the shift in strategy, Citigroup’s financial investment in prosperity administration has not began to spend off.



Source

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