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Citi commits billion to affordable housing initiative

Citi commits $60 billion to affordable housing initiative

Affordable housing, Citi, Housing affordability /

Citi is pledging more than $60 billion to a new initiative focused on improving housing affordability. Processing Content The bank announced Tuesday its Blueprint for Housing Opportunity plan, a five-year commitment dedicated to increasing the housing supply through the creation and preservation of at least 250,000 units across the country. The Citi Foundation also devoted […]

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Citi’s profits fall as it gets closer to exiting Russia

Citi, Commercial banking, Earnings /

Key insight: Citi’s fourth-quarter net income fell 13% year over year, in connection with its pending exit from Russia. What’s at stake: Overall, the New York-based megabank reported strong results for 2025, including full-year revenue of $85.2 billion, the highest annual total since Jane Fraser was named CEO in 2021. Forward look: The bank reaffirmed

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Citi to cut about 1,000 jobs this week as Fraser trims costs

Citi, Expense management, Jane Fraser, Workforce management /

Citigroup Inc. is set to cut about 1,000 jobs this week as part of Chief Executive Jane Fraser’s march to keep a lid on costs and improve returns at the Wall Street bank. Processing Content The company, which had 227,000 employees at the end of September, is culling its ranks as part of a plan

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Citi’s makeover shows results, with more upside ahead: CEO

Citi, Commercial banking, Earnings, Growth strategies, Investment banking /

Key insight: Citi is turning a corner on profitability, CEO Jane Fraser said. Forward look: The company plans to disclose future profitability metrics in May. Expert quote: “The best part is, there is much more upside ahead,” Fraser said. UPDATE: This article includes comments made during Citigroup’s earnings call as well as commentary from a

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