Citigroup Plans to Reorganize U.S. Personal-Banking Business, Names Next CFO
NeutralFinancial Markets

- Citigroup is undergoing a reorganization of its U.S. personal banking business, establishing its consumer cards division as a separate entity to improve operational efficiency and focus on customer needs.
- This restructuring is significant as it reflects Citi's strategy to streamline operations and adapt to changing consumer demands in the competitive banking sector.
- The leadership changes at Citi, including the stepping down of CFO Mark Mason, indicate a broader effort to revamp the bank's structure and enhance its market position amid ongoing challenges in the financial industry.
— via World Pulse Now AI Editorial System
