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.

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