Pierre Buhler was featured in this CNBC article about the corporate overhaul underway at Citigroup in the wake of the new CEO Jane Fraser's plan for sweeping layoffs in an attempt to cut costs.Learn More
Pierre Buhler is featured in this Retail Dive article about the reorganization underway at Citigroup under new CEO Jane Fraser.
Pierre analyzes the tough predicament new CEO Jane Fraser is in stating, “She had no choice. Citi is not doing well, so she’s firing on every cylinder.”
He notes that if successful, she will achieve something unprecedented in banking, “If Jane Fraser can pull off what she’s announced, she will be a hero, there is no question. By announcing that, effectively, she would remove five layers of management, that’s something that has never been done in banking.”
Beyond personnel overages, banks are pressed to get their costs well under control for the foreseeable future. The second article in our two-part series looking at the top risks facing banks focuses on the ever more demanding regulatory and compliance requirements, increased need for human and financial resources, and commercial and personal defaults/default risks to avoid.Learn More
Banks have entered a period of increased uncertainty over the last few months. Notation agencies like Fitch have already started to review ratings, and countless banks are either downgraded or being considered for a downgrade. No one is spared, neither small banks nor large banks.Learn More