Key facts: Citigroup names new CFO; anticipates Fed rate cut; alters Argentina bailout

TradingView
2025.11.21 20:04
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Citigroup appointed Gonzalo Luchetti as CFO starting March 2026, replacing Mark Mason, who becomes Executive Vice Chair. The firm is merging divisions and cutting 20,000 jobs.123Citigroup expects a 25 basis point interest rate cut by the U.S. Federal Reserve in December, noting a rising unemployment rate of 4.4% may influence this decision.4Citigroup, alongside JPMorgan Chase and Bank of America, has scrapped a $20 billion bailout for Argentina, opting for a $5 billion short-term loan requiring asset exchanges for dollars.56

  • Citigroup appointed Gonzalo Luchetti as CFO starting March 2026, replacing Mark Mason, who becomes Executive Vice Chair. The firm is merging divisions and cutting 20,000 jobs.123
  • Citigroup expects a 25 basis point interest rate cut by the U.S. Federal Reserve in December, noting a rising unemployment rate of 4.4% may influence this decision.4
  • Citigroup, alongside JPMorgan Chase and Bank of America, has scrapped a $20 billion bailout for Argentina, opting for a $5 billion short-term loan requiring asset exchanges for dollars.56
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