Adds details from the report in paragraph 2
Jan 16 (Reuters) - Citigroup C.N is cutting more jobs this week to meet CEO Jane Fraser's expense goals, Bloomberg News reported on Thursday, citing people familiar with the matter.
Managing directors in the wealth and the technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank's clients, according to the report.
Citi's stock surged 37% in 2024, outperforming the broader banking index .SPXBK and the equity markets .SPX, as investors cheered Fraser's efforts to transform the bank.
(Reporting by Pritam Biswas in Bengaluru; Editing by Alan Barona)
((Pritam.Biswas@thomsonreuters.com))
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