Citi (C) CEO warns of more job cuts and calls time on ‘old, bad habits’, Bloomberg reports; CFO expects NII ex markets to be up between 5-6% in 2026

Citi (C) CEO warns of more job cuts and calls time on ‘old, bad habits’, Bloomberg reports; CFO expects NII ex markets to be up between 5-6% in 2026.

Citi's CEO signaling potential job cuts reflects a significant shift in strategy, aimed at improving operational efficiency. The CFO's positive outlook on net interest income growth indicates confidence in future revenue, but the emphasis on abandoning 'old, bad habits' suggests a broader transformation within the bank. These signals may impact investor sentiment as they assess Citi's ability to adapt and thrive amidst industry pressures.