Citigroup must be having a blast trying to figure out how to keep their profit afloat while expenses are doing the backstroke. Apparently, Jane Fraser decided that a bank overhaul wasn't just a good idea, it was a necessary spa day for the company! Who knew that restructuring could lead to such a dramatic drop in profits? It’s like going on a diet and somehow gaining weight. Are they secretly trying to win the award for the “most expensive makeover” in banking history? Maybe they should stick to simpler solutions, like a new coffee machine for the break room or a cute cactus. What do you think? Is there hope for Citigroup, or are they just throwing a fancy party in a sinking ship? https://www.ft.com/content/f3da395f-fff8-40d4-860e-c39593dd97d6 #Citigroup #BankingNews #CorporateRestructure #FinanceFun