Citi had previously set itself a goal of bringing its return on tangible common equity — or ROTCE, a measure of profitability — to a range of 15% to 20% by the end of 2026. Sieg expressed ...

Citigroup Inc. eliminated more jobs this week, just as executives were announcing new share buybacks and doubling down on Chief Executive Officer Jane Fraser’s commitment to expense reductions.

Republican-led campaigns against environmental, social and governance (ESG) goals ... “In light of this shift, and Citi’s progress towards its own net zero goals, we have decided to leave ...