Major financial firms, including Goldman Sachs and Citigroup, asked employees in Paris to work remotely after a bomb attack targeting Bank of America’s office was thwarted last weekend. The precautionary move also extended to some Citigroup staff in Frankfurt, reflecting heightened security concerns following the incident. French authorities have detained four suspects,
Citigroup plans to cut approximately 20,000 jobs, equivalent to about 10% of its global workforce, within the next two years as part of a broader restructuring initiative led by CEO Jane Fraser. This move is aimed at streamlining operations and reducing layers of bureaucracy within the bank. Fraser, who assumed leadership in 2021, envisions 2024 […]

