{"id":86860,"date":"2023-12-21T01:44:31","date_gmt":"2023-12-21T06:44:31","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86860"},"modified":"2023-12-21T01:31:50","modified_gmt":"2023-12-21T06:31:50","slug":"citigroup-to-close-global-distressed-debt-business-as-part-of-ceo-jane-frasers-overhaul","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2023\/citigroup-to-close-global-distressed-debt-business-as-part-of-ceo-jane-frasers-overhaul.html","title":{"rendered":"Citigroup to close global distressed-debt business as part of CEO Jane Fraser\u2019s overhaul"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/C\/\">Citigroup<\/a> is shuttering another Wall Street business as CEO <a href=\"https:\/\/www.cnbc.com\/2023\/09\/13\/citigroup-ceo-jane-fraser-reorganizes-businesses-as-bank-is-mired-in-stock-slump.html\">Jane Fraser<\/a> pushes ahead with her overhaul of the bank. The company decided to close its global distressed-debt group, according to people with direct knowledge of the move. Citigroup is exiting businesses with poor returns to bolster the bank\u2019s odds of hitting Fraser\u2019s <a href=\"https:\/\/www.cnbc.com\/2022\/03\/02\/citigroup-releases-financial-targets-at-first-investor-day-under-ceo-jane-fraser-.html\">performance<\/a> targets. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/12\/20\/citigroup-to-close-global-distressed-debt-unit.html\">To Read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank. The company decided to close its global distressed-debt group, according to people with direct knowledge of the move. Citigroup is [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86860","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86860"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86860\/revisions"}],"predecessor-version":[{"id":86861,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86860\/revisions\/86861"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}