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Friday, January 16, 2026

Tag: Jane Fraser

JPMorgan, Citi See Resilient US Consumer Despite High Rates

Top US banks report strong consumer spending and manageable credit stress, offering a contrasting view to retailer warnings about affordability pressures.

Meta, Citigroup, BlackRock Announce Layoffs in Early 2026

Major companies Meta, Citigroup, and BlackRock have started 2026 with job cuts, signaling continued corporate restructuring and a shift towards AI and cost efficiency.

Citigroup AI Saves 100,000 Developer Hours Weekly

Citigroup CEO reveals AI tools free 100,000 developer hours weekly, with 180,000 employees globally now using internal AI systems.