Citigroup says CEO's sweeping reorganization complete

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In September, the lender announced plans to cut management layers from 13 to eight as part of its biggest overhaul in decades. 'The new, flatter structure...

FILE PHOTO: The logo for Citibank is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City -Citigroup said on Monday a sweeping reorganization aimed at simplifying the most global Wall Street bank and improving its profitability has concluded.

"The new, flatter structure elevates the leaders of Citi's five businesses and eliminates management layers," the bank said in a statement. Say you're riding high -- financially speaking. You've acquired a middle class lifestyle and enjoying all the perks that come with it: a nicer home, financial stability, a growing nest egg. But...Ontario Premier Doug Ford's government will make auto insurance changes a central feature of the budget it tables on Tuesday, CBC News has learned.

Investors have approved a deal on Friday to make Truth Social owner Trump Media a publicly traded company. The green light from shareholders clears the final major hurdle for a long-delayed transaction that will generate a multi-billion dollar windfall for former President Donald Trump at a time when he’s facing immense financial and legal pressure.

 

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