- Citigroup Inc. Chief Financial Officer Mark Mason said his firm will adjust headcount in its investment banking division as necessary.
- Mason said in an interview with Bloomberg Television that recent drought in deals has forced the firm to consider changing the pace of some of those investments.
- Mason told investors at an investor conference hosted by RBC Capital Markets that his firm was beginning to see “green shoots” in investment-grade debt markets.
- Citigroup CEO Jane Fraser has sought to improve profitability by focusing on businesses like treasury services and wealth management.
- On her first day as CEO, Fraser pledged to reduce Citigroup’s planet-warming greenhouse gas emissions.
Citigroup to ‘Recalibrate’ Investment Banking Headcount as Needed
Citigroup Inc. Chief Financial Officer Mark Mason said his firm will adjust headcount in its investment banking division as necessary as it continues to look for ways to boost profits.
Jennifer Surane
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