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.

Newsquawk StaffPublished 14 Jan 2026, 16:48 UTCOn the live feed at 16:28 UTC — 9 more headlines followed before this page went public

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16:30

European Closes: Euro Stoxx 50 -0.36% at 6,008, Dax 40 -0.53% at 25,286, FTSE 100 +0.46% at 10,184, CAC 40 -0.19% at 8,331, FTSE MIB +0.27% at 45,647, IBEX 35 +0.05% at 17,696, PSI +0.10% at 8,568, SMI +0.61% at 13,446, AEX -0.04% at 997.

16:29

AbbVie (ABBV) maintains long-term guidance for high single-digit revenue growth through the decade, with EPS growth outpacing sales via operating-margin expansion, via JPM Conference

16:28

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

16:25

BoE Deputy Governor Ramsden says removing ring-fencing of banks would be a real challenge to UK financial stability framework

16:17

Fed Governor Miran reiterates need for 150bps of cuts this year; inflation is coming down and 'other stuff is just noise'

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Context

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.

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