Jane Fraser cleans up Citigroup risk systems and restructures businesses

12 articles · Updated · The Wall Street Journal · May 8

The Citigroup chief has simplified the bank’s global reporting structure, while many units now have new names and leaders.
The overhaul addresses major operational and control problems that had weighed on the bank and complicated management across its sprawling international operations.
Despite the clean-up, Citigroup still lags some rivals on profitability, leaving Fraser under pressure to turn organisational changes into stronger earnings.

Can Jane Fraser's massive overhaul finally fix a generation of underperformance, or is the bank fundamentally broken?

If Citigroup's turnaround is working, why did its new long-term profit targets underwhelm Wall Street?

With its risk overhaul 90% complete, how did Citi still make a multi-trillion dollar error last month?