Why Citi MDs earning $1m+ are fearing for their jobs

Why Citi MDs earning m+ are fearing for their jobs

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Citi’s Recent Developments

Citi has had perhaps the liveliest start to 2026 of any major US bank. CEO Jane Fraser announced another round of layoffs and put out an intriguing memo that sets Citi’s tone for the year.

Those cuts are thought to target potentially underperforming MDs, but where did Citi underperform, and how much will these cuts save? Watch the video below to find out.

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Picture of John Wick

John Wick

ABJ, a Senior Writer at All Banking, brings over 10 years of automotive journalism experience. He provides insightful coverage of the latest banking jobs across the American and European markets.
Picture of John Wick

John Wick

ABJ, a Senior Writer at All Banking, brings over 10 years of automotive journalism experience. He provides insightful coverage of the latest banking jobs across the American and European markets.
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