Behind the Money

Citigroup reboots

In its early days Citigroup styled itself as a “financial supermarket”, a one-stop shop for all kinds of banking services around the world. But that plan has backfired in recent years. Stepping up to the challenge of repairing the bank is chief executive Jane Fraser, who announced her restructuring plan in September. The FT’s US banking correspondent Stephen Gandel and US banking editor Joshua Franklin discuss whether Fraser can turn the bank around, and if not, what happens to Citi.  - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:<a href="https://www.ft.com/content/5e8d7d8f-e435-4c80-b275-0b1baea86f8f" rel="noopener noreferrer" target="_blank">‘Get off the train’: Citi’s Jane Fraser sends tough message on big overhaul</a><a href="https://www.ft.com/content/c0e8e8b3-0b06-4351-85c6-1a46fcd404a0" rel="noopener noreferrer" target="_blank">Jane Fraser: the woman trying to turn Citi around</a> <a href="https://www.ft.com/content/da36296d-3c0c-4911-bd1a-f90fc3a89ab4" rel="noopener noreferrer" target="_blank">Citi: Fraser the Razor needs sharper edge in her battle with The Blob</a> - - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Stephen Gandel, (<a href="https://twitter.com/stephengandel" rel="noopener noreferrer" target="_blank">@stephengandel</a>), Joshua Franklin (<a href="https://twitter.com/ftjfranklin" rel="noopener noreferrer" target="_blank">@FTJFranklin</a>) and Michela Tindera (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>), or follow Michela on LinkedIn for updates about the show and more. <a href="https://www.ft.com/content/363b17e9-36d1-4448-a66c-c5cf9102b2db" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.