Citigroup is betting on a major turnaround, setting 2027 to 2028 adjusted return on tangible common equity targets of 11 to 13 percent. CEO Jane Fraser tied the goals to a company wide overhaul and announced a $30 billion share buyback, aiming to strengthen consistency and expand organic growth, especially in wealth management.
Viswas Raghavan joined Citigroup in February 2024 as head of banking after leaving JPMorgan Chase. Reports say concerns about his workplace conduct were raised at JPMorgan before his exit. Citi reportedly brought him in with a major compensation package, and his high-profile arrival has sparked scrutiny—along with speculation that he could be in line for a top CEO role.
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